The blue book, also known as the kelley blue book, is a popular and trusted guide for automotive price quotes in north america. Blue books show car buyers and sellers what prices others have paid.
what is blue book value? The term blue book value refers to the value of a vehicle by a guide known as the kelley blue book.
A blue book or bluebook is an almanac, buyers guide or other compilation of statistics and information. The term dates back to the 15th century, when large blue velvet-covered books were used for record-keeping by the parliament of england. The oxford english dictionary first records such a usage in 1633.
the kelley blue bookand its equally popular websiteis one of the most trusted guides for automobile pricing, used by those who are buying or.
The market value of an automobile as determined by the kelley blue book. The blue book value is used as a guideline for car dealers and others who buy and sell used cars.
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with the blue book value, you are now able to state your average asking price which can either be below or above the range and when you indicate this price, be sure to state the specs that justify the pricing as many potential buyers will go through this same process and may wonder why you have chosen a particular price which is not exactly what their calculations show.
The price-to-book ratio is one of the most widely-used financial ratios. It compares a companys market price to its book value, essentially showing the value given by the market for each dollar.