Kelley Blue Book has made some pretty important additions and changes. They have announced that they will now provide values for 51 regions and update values weekly for all of KBB’s used-car values. The values that they are updating weekly include lending, auction, trade-in, private party, certified pre-owned and suggested retail. Kelley Blue Book is also adding a new category to describe the vehicle condition. They are including,”Very Good”, as a category to give a better description of used-cars on the market. As would be expected the new condition category, “Very Good”, will be in between the current categories of “Good” and “Excellent”. According to the director of vehicle valuation, “Only 3 percent of today’s vehicles are actually in ‘Excellent’ condition.” With this new condition category it should allow for a better description for both the dealer and consumers of what a vehicles actual condition is.
To read the full article in F&I Magazine, please click here.
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