Apr 27, 2012 best of all, kelley blue book says the camry tops the list of midsize sedans that hold their value, beating out hondas popular accord by retaining nearly 37 percent of its original value over five years. By comparison, all vehicles in kelley blue books top 10 for best resale value are projected to retain more than 50 percent of their msrp with the top. The third value is what might be secured at trade in time. Corvette named kelley blue book 2020 best resale value. First of all, suvs and trucks hold their value very well. Kelley blue book reports used car values for a variety of buying and selling transactions. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. Kelley blue book says that in comparison, all vehicles in its top 10 for best resale value are projected to retain more than 50% of their msrp. Thats because factors such as odometer reading, equipment and colour can directly impact the value of cars. Rockleigh, nj january 22, 2020 the 2020 volvo xc40 is predicted to hold its value better than most cars, according to experts at kelley blue book, a point financiallysavvy newcar buyers are sure to take note of.
The kelley blue book best resale value awards are among the most coveted honors in the automotive industry, and the best brand and best luxury brand trophies are the programs pinnacle prizes. Toyota tops kelley blue book best resale value awards. According to kelley blue book kbb, the ev with the best resale value is the tesla model x. The kelley blue book trade in range shows what a consumer can expect to receive for their car this week when trading it in at a dealer. Jan 21, 2020 kelley blue books analysts are impressed at the residual values of our best resale value. If resale value down the road is a major factor in your 2016 car buying decision, youll want to look at trucks, according to kelley blue. Kelley blue book announces winners of 2011 best resale. Shop for new cars and used cars at kelley blue book. Looking at current market conditions and seasonality.
Kelley blue book is probably best known for trade in values and private party values for the car you already have. Resale value, or residual value, is what the car will eventually be worth as a used vehicle, and has a major impact on your overall operating costs across the full buyownsell ownership cycle. Why cant i find many cars priced near the kelley blue book. Unfortunately, with the everchanging market today the used car blue book value that you are getting may not be accurate. The final used vehicle values are determined by kelley blue book through a proprietary editorial process. Kelley blue book announced its annual best resale value award winners, and we werent too surprised to see the list dominated by japanese automakers mainly toyota and honda. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Thats what we have here in kelley blue books kbb recent resale valuation of the 20 nissan leaf. Why cant i find many cars priced near the kelley blue.
One result is that the tesla model 3 is the best electric car in. Since depreciation or loss of value is typically a. Volvo xc40 gets resale value award from kelley blue book. Modern technology paves the way for bringing the blue book into the internet.
Top 5 fuelefficient cars that hold their value autotrader. And today theres no better place to find the value of your current car than. In an ideal world where every marketplace, every vehicle, and every buyer are all the exact same, they may be good price anchors. A new report from kelley blue book examines the latter. As it relates to newcar shopping, you can save money buying a less expensive new car, but later find out it depreciates faster than a similar, more expensive car that. The kelley blue book is the staple of the industry when it comes to resource points. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller. There is no longer any need for anyone to buy a copy for you to get a good assessment of the cars true market value. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. Teslas best for resale value ride by kelley blue book. Jan 27, 2012 the third value is what might be secured at trade in time. Once you have logged on to the kelley blue books website.
Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Kelley blue book values blue book values kbb vs nadaguides. Jan 23, 2015 kelley blue book calculated the average 2015 subaru will retain 46. But, if you are living in canada, that is a different story. Anyone needing their car shipped past the 250mile range will have to secure another delivery option.
The guide not only lists the value of new vehicles, but it also lists used car values. In comparison, all vehicles in kelley blue books top 10 for best resale value are projected to retain more than 50% of their msrp. However, in a new study that looks at how cars hold their value after one year of ownership. Of the 10 vehicles expected to have the best resale value after five years every one of them is an suv or pickup. Jan 18, 2016 if resale value down the road is a major factor in your 2016 car buying decision, youll want to look at trucks, according to kelley blue book.
Dec 15, 2015 the experts at kelley blue book have named the 2016 cars that will best hold their value. Used car values, price guide and tradein estimator. The term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. Corvette named kelley blue book 2020 best resale value award winner january 21, 2020. While the fits 117horsepower 4cylinder engine makes it more tortoise than hare, the hatchbacks tiny engine helps it achieve fuel economy ratings as high as 35 mpg on the highway with the available 5speed automatic transmission. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. In terms of nonluxury brands, subaru vehicles hold their value better than others. Apr 19, 2012 the fivedoor honda fit hatchback is kelley blue books top pick among subcompact cars that hold their value. A car in excellent condition is commonly a new vehicle with little to no use, while vehicles in fair condition may have major repair or wear and tear but are still safe to drive if repairs are made. Values are presented on several scales, creating an unique price for every situation.
Corvette named kelley blue book 2020 best resale value award. In new cars, dealer costs enter the equation,and in used cars, conditions and features make a big difference. Kelley blue book new and used car price values, expert. The fivedoor honda fit hatchback is kelley blue books top pick among subcompact cars that hold their value. Kelley blue book announces winners of 2011 best resale value. These 2019 cars will have the best resale value, according to kelley blue book.
While the companys residual value guide has been published since 1981, kelley blue book established its annual best resale value awards in 2003. Mar 11, 2020 according to kelley blue book kbb, the ev with the best resale value is the tesla model x. Kelley blue book for trucks free kelley blue book for semi trucks. Cars with the best resale value in 2020, according to kelley blue book. The blue book value of your car is the market amount it is worth to others. These 2019 cars will have the best resale value, according to kelley. With 2005 model year vehicles hitting the dealership lots, kelley blue book. With more than 90 years of experience determining vehicle market values, kelley blue book has the unparalleled expertise and vast data needed to accurately. Dec 31, 2018 kelley blue book for trucks free kelley blue book for semi trucks. Kelley blue book names 2005 vehicles to best hold their value. The xc40 won this years kelley blue book resale value award in the luxury subcompact suv category.
Keep in mind that either way, the kelley blue book represents a handy common value for a specific kind of car. Kelley blue book names 2019 best resale value award winners. Subaru has won many best resale value awards over the last decade including the 2015 best resale value award from kelley blue book. Make, model, and year of the vehicle and keep in mind that certain brand names, like airstream, are known to hold their value better. Kelley blue book used cars nada guide nada book value. To help newcar buyers shop smart, kelley blue book today announces the 2020 modelyear brand, category and top 10 winners of the annual best resale value awards, recognizing vehicles for their projected retained value through the initial fiveyear ownership period.
Brand winners, subaru and porsche, and newcar shoppers would be wise to consider a vehicle from one of those two brands to get the most bang for their buck in the long term, said eric ibara, director of residual values for kelley blue book. If you do buy a luxury brand, lexus is the best bet for retaining your resale value. The 2020 volvo xc40 is predicted to hold its value better than most cars, according to experts at kelley blue book, a point financiallysavvy. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. Kelley blue book canada nada guide nada book value.
Tesla model 3 wins another resale value competition but. Whats more, kelley blue book says after 36 months the truck retains 69. Kelley blue book names 2020 best resale value award winners. Kelley blue book just announced the 2020 modelyear winners of its best resale value awards. If you choose to sell your car yourself, the private party value stands as a starting point. Kelley blue books analysts are impressed at the residual values of our best resale value. Kbb is an estimate that is produced using only a few datapoints, and it tends to skew a little low. These 10 new cars should hold their value better than the. New vehicles that kelley blue book says should hold their.
Kelley blue book used pricing guide used cars for sale. Canadian black book provides free car values, new and used car prices, and vehicle listings. The typical car does depreciate at kbb rates, but some cars hold their value better, some hold their value worse. Sep, 2015 the kelley blue book value is one of the oldest resources around for determining the value of your used vehicle.
Rockleigh, nj january 22, 2020 the 2020 volvo xc40 is predicted to hold its value better than most cars, according to experts at kelley blue book, a point financiallysavvy newcar buyers are sure to take note of the xc40 won this years kelley blue book resale value award in the luxury subcompact suv category. Kelley blue book new and used car price values, expert car. Subaru, lexus lead expected residual values in 5 years. Vehicles in these categories simply hold onto their value due to ever rising demand.
Many newcar buyers have heard the common expression, pennywise and poundfoolish. New vehicles that kelley blue book says should hold their value. Volvo xc40 gets resale value award from kelley blue book volvo. When it comes to determining an rvs value, there are a lot of variables that go into the baseline figure. Best of all, kelley blue book says the camry tops the list of midsize sedans that hold their value, beating out hondas popular accord by retaining nearly 37 percent of its original value over five years.
More officially and robustly, kelley blue book recently conducted its massive analysis of the resale value of all cars in the us. If you buy a new car, your shiny ride starts shedding value as soon as it. Tesla model 3 wins another resale value competition. How to use the kelley blue book for car quotes carsdirect. Kelley blue book names 2005 vehicles to best hold their. Jan 29, 2019 the 2019 silverado is expected to hold 59. The reference data from both kelley blue book and alg claim that the corvettes resale value rivals audi and porsche sports cars. When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car.
Kelley blue book names 2005 vehicles to best hold their value secrets of vehicle depreciation. The kelley blue book determines the value of a vehicle by. Jan 21, 2020 kelley blue book s analysts are impressed at the residual values of our best resale value. The experts at kelley blue book have named the 2016 cars that will best hold their value. You might say we literally wrote the book on car values. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. Kelley blue book lists 2016 cars expected to hold value. Kelley blue book canada pricing used cars in canada it is commons sense to look up the kelley blue book or any other blue book on the internet when in the market looking for a cars value. Kelley blue book defines a vehicle in excellent condition as one that does not have any mechanical issues or wear and tear. That s what we have here in kelley blue book s kbb recent resale valuation of the 20 nissan leaf.
It is the second volvo this year that thirdparty experts. Kelley blue book also cited a 2011 model with the best resale value for each vehicle category. It is never a direct value for the specific car in question. With so many variables, its difficult to know the right. Kelley blue book calculated the average 2015 subaru will retain 46. Jan 23, 2015 first of all, suvs and trucks hold their value very well.
Kelley blue book names 2020 best resale value award. It gets even better, because all new tacomas have a gopro. The kelley blue book value is one of the oldest resources around for determining the value of your used vehicle. Brand winners, subaru and porsche, and newcar shoppers would be wise to consider a vehicle from one of. The privateparty value indicates the price a consumer might pay to buy the car from you directly. About kelley blue book values new and used car price.
Kbbs research indicates that the model x is able to retain 44% of its value after five years of ownership. In addition to the brand and category champions below, weve also recognized the 10 vehicles that retain their value better than all other 2020 models. Apr 02, 2016 kbb is an estimate that is produced using only a few datapoints, and it tends to skew a little low. There is no longer any need for anyone to buy a copy for you to get a good assessment of the car s true market value. Dec 01, 2010 kelley blue book also cited a 2011 model with the best resale value for each vehicle category. Find and compare thousands of new, used, and cpo cars, and get the kbb fair purchase price for the car you want to buy.