Average New-Vehicle Prices Rise 2.5% Year-Over-Year in September 2020, According to Kelley Blue Book

IRVINE, Calif., Oct. 1, 2020 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $38,723 in September 2020. New-vehicle prices increased $940 (up 2.5%) from September 2019, while raising $23 (up 0.1%) from last month.   

“New-car transaction prices have climbed year-over-year, but remained flat for the past few months,” said Sara Richards, an analyst for Kelley Blue Book. “This may indicate supply challenges experienced over spring and summer have been corrected and OEMs are finally able to build up stock. If automakers seek to recover sales lost earlier in the year, incentives could climb dramatically, and transaction prices could remain flat or even dip in the future.”

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With vehicle inventory low, new car price tags are at a record high, says Kelley Blue Book

BATON ROUGE, La. (WAFB) – If you’re in the market for a new ride, now might not be the best time to get a bargain. Kelley Blue Book (KBB) estimates the average transaction price of a new vehicle is at a record high of $38,000.



a car parked in a parking lot: WAFB


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Traditionally, you find model-end-year deals on new cars around this time. But the coronavirus shut down vehicle production for three months in the spring and car lot sales shrank.

“The better selling vehicles, the more popular vehicles just weren’t built. So, you’re not going to find a great deal on a previous model,” said Matt DeLorenzo, the Senior Managing Editor for Kelley Blue Book.

This vehicle industry expert says the inventory is low for SUVs and trucks, but some lots are stocked with sedans and compact cars. That might be where you score the best deal.

Don’t expect

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Kelley Blue Book Turns Your Old Car into Lifesaving Support for St. Jude Children’s Research Hospital in Third Annual Campaign

IRVINE, Calif., Sept. 22, 2020 /PRNewswire/ — For car owners with a vehicle past its prime and an interest in contributing to a charitable cause, Kelley Blue Book is expanding on its commitment to help owners gift their vehicle for a good cause with Charitable Adult Rides & Services (CARS), a full-service non-profit organization.

On KBB.com, consumers can choose to donate almost any vehicle to a nonprofit, and through September 30, Kelley Blue Book will donate an incremental $100 to St. Jude Children’s Research Hospital® for every car donated, up to 250 vehicles, to raise an additional $25,000 to support lifesaving research and treatments.

This third annual fundraising campaign runs through the rest of Childhood Cancer Awareness Month in September and honors those with pediatric cancer.

“Owners may choose to donate their vehicle for a variety of reasons,” said Michael Wulf, vice president of product for Kelley

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Kelley Blue Book Names Discontinued 2020 Models and 12 Best Cars Worth Waiting For in 2021

IRVINE, Calif., Sept. 15, 2020 /PRNewswire/ — The fall season brings new beginnings and opportunities, even for car shoppers. Now is a great time for potential buyers to decide if they want to jump on a 2020 vehicle purchase that they have had their eye on for a while or wait for a highly anticipated brand-new model. To help shoppers make that decision, Kelley Blue Book studied the marketplace and unearthed which 2020 models will be heading into retirement, and which all-new vehicles are worth waiting for in 2021.

Kelley Blue Book Logo. (PRNewsFoto/Kelley Blue Book)

“For car buyers looking for a bargain, shopping for vehicles that will no longer be available after this year is the way to go,” said Matt DeLorenzo, senior managing editor for Kelley Blue Book. “The list runs the gamut from an efficient hatchback in the Honda Fit up through a luxury

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New and Used Motor Home RV Values – Blue Book and NADA

Unlike the guides for automobiles which are based on analyses of actual car prices, the Blue Book and NADA guides are based primarily on a percentage of the manufacturer’s suggested retail price (M.S.R.P.). These guides may be nowhere near the actual current resale value.

The guides include many options in the M.S.R.P. so it is hard to know which, if any, options you should include. This makes it easy for options to be charged twice. A better way to find the resale value of RV’s is to look at other mobile homes of the same class, make and model. Check for similar amenities and base your price on that. If you are looking to buy a used RV, these comparisons can help you determine if the price quoted to you is a fair and reasonable price.

Motor home RV values should be based on actual selling prices of similar mobile … Read More

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Automobile Dealerships – Valuing Blue Sky

Blue Sky is the intrinsic value of an automobile dealership, over and above the value of its tangible assets. It is sometimes equated to the goodwill of a car dealership.

Most articles regarding the blue sky value of new car dealerships cite a multiple of earnings formula, such as three times earnings, four times earnings, and so forth. The idea that “blue-sky” can be determined by anything times anything is just plain wrong.

Even NADA the National Automobile Dealers Association in its publication entitled “A Dealer Guide to Valuing an Automobile Dealership, NADA June 1995, Revised July 2000 bemuses, in part, with respect to valuing a dealership by using a multiple of earnings: A Rule of Thumb valuation is more properly referred to as a “greater fool theory.” “It is not valuation theory, however.”

In its Update 2004, NADA omitted its reference to “fool”, but referred to the … Read More

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Using Kelley Blue Book To Negotiate With Used Car Dealers

Using Kelley Blue Book to negotiate with used car dealers can be a difficult ordeal, if you don’t have all the facts. Locating and buying a good reliable used car can be challenging and frustrating, but not impossible. If you have decided to buy a used car and want to save money, then this information can give you the inside track on how to negotiate with used car dealers.

If you want to play the used car game, then you need to know how the game is played.

Using just the Kelley Blue Book as your only source for finding the value of the car you are interested in, will put you at a huge disadvantage. The Kelley Blue Book is a good place to start, but you need to do more homework and research if you want to win and get the best price on your car.

To get … Read More

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Kellys Blue Book Vs NADA Vs Edmunds Guide – The Differences in Blue Book Automotive Price Guides

You’ll always feel more confident that you got the best value when selling or buying a car if your entire transaction costs are near the average amount buyers in your area usually pay for the same manufacturer, model, year and version. However, finding the most accurate blue book for cars price guide may prove difficult. They all claim to provide unbiased fair market values for your car, however when compared, you will find significant discrepancies among the different price guides due to differences in their assessment methods. Among the most prominent, widely used and accepted automobile price guides are Kellys Blue Book for Cars, National Automobile Dealers Association (NADA Car), and Edmunds Guide. So, which is the most reliable guide among the three?

One sign of reliability is the assessor’s years of experience in the market. Among the three, Kellys Blue Book for Cars is the oldest, first printed in … Read More

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Kellys Blue Book – What is it and Why Use It?

Are you in the market to buy a car, or sell or trade in your old one? Cars are more than just day-to-day essentials to take you places when ever and where ever you want – they can also serve as long term investments when you decide to re-sell them. If you want to get the best value for your money, a good reference and one of the recognized authorities in car pricing is Kellys Blue Book.

Kellys Blue Book is a must-have for anyone contemplating buying, selling or trading in a car. As a portable guide, KBB offers an unbiased and trustworthy blue book value of cars, and has automotive value appraisal guides for all types of motor vehicles in the United States – Kellys Blue Book for cars, KBB motorcycle, RV Blue Book for campers and motor homes, as well as Kellys Blue Book for boats, and even ATV Blue … Read More

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Kellys Blue Book – How to Use It

If you don’t want to be ripped off, it is essential that you get a car price guide before attempting to buy or sell a car. The most widely known and used automotive value appraisal guide (blue book for cars) in the United States is Kellys Blue Book. Its printed consumer blue book for cars has been available to buyers since 1993 while Kellys Blue Book online auto blue book version has been running since 1995. Both the online and consumer blue book for cars are relatively easy to use.

For the printed version, the cars are alphabetically listed by manufacturer, then by models. For example, let’s say you want to search for Toyota Corolla: sift through the pages until you reach the Toyota section, then thumb through “C”s until you find “Corolla”. If you are looking through the Kellys Blue Book New Car Guide version, what you will find … Read More

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