How do the kelley blue book, used car pricing services, determine the prices of used cars?
E
used car has a "blue book" price, and depending on the wear/tear on the car, can have a low/medium/high value. how do they get this information?
Answer
Through sample surveys and research with dealers and individuals. they then look at historical selling patterns and calculate a price range. basically they conduct an ongoing market analysis of the car market.
