Kelley Blue Book to Provide Regional, Weekly Used-Car Values
IRVINE, CA – Kelley Blue Book (KBB) announced it will provide used-car information for 51 regions in the U.S. The organization said it will update regional values weekly for all of its used-car values, including auction, lending, trade-in, private party, certified pre-owned, and suggested retail.
The company said it’s also adding 'Very Good' as a vehicle condition to better reflect used-car value adjustments. Kelley Blue Book will now offer values for all of the following conditions for its auction, trade-in, and private-party values: Excellent, Very Good, Good, and Fair.
KBB said that in the last five years, it is employing more valuation analysts, statisticians, mathematicians, data management, and technology experts, which has tripled the size of its analytics team. KBB added that it collects more than 100 data points for every vehicle and collects vehicle-related data from more than 250 sources.