When do Kelly Blue Book prices reflect the drop in value, from the model being another year older?

Question

Is there a particular time of year when you can notice an obvios drop in prices for used cars?

Answer 1

kbb adjusts every month... but you should know they have different versions that dealers and customers use

kbb is an estimate, not the end all be all

Answer 2

Cars are constantly dropping in price. Everyday is a day closer to a newer model. There are things that effect value more than another. Major style changes in a car, 4x4's are more likely to sell better in the winter and convertibles will do better in the summer. But there is no magic time of year. The market does become soft shortly before tax time but nothing obvious. KBB values reflect sale figures from auctions from the previous month so it is not the most accurate info. Black book is from the previous week and is much more accurate.

Answer 3

Kelley Blue Book Older Models

Answer 4

Dealers still us the same Kelly Blue Book that customers use ( www.kbb.com ), only dealers value cars at the Trade In Value, while consumers try to get Retail or Private Party Value. Even lenders base their loan amounts on Kelly Blue Book Trade Value.

Typically, new model years car don't appear on Kelly Blue Book, and even black book. Therefore, if one trys to trade a current model year car, they can get different numbers from different dealers (if you have a Ford, an Dodge dealer would probably give you more money for a used current model year car than the Ford dealer).

Car values fluctuate. Convertibles drop value in Fall and winter, and 4x4's lose value in summer.

Answer 5

KBB pricing is updated daily. You'll probably see a slow but steady drop in most prices from one week to the next.

Answer 6

Was curious on the answer to this as well