#KELLEY BLACK BOOK UPDATE#

This real phenomenon is called consumer bias. Humans be humans, and when theyвЂ™re selling their own vehicle, they tend to think itвЂ™s better than it really is. The X-factor of any transactional relationship comes from human emotions. The point is: KBB doesnвЂ™t have as much data and therefore their estimates for off-road vehicles arenвЂ™t as accurate, unfortunately. A hundred maybe? (We probably have a few more than the average here at SuperATV headquarters.) Now how many side-by-sides exist within 10 miles of your house. That equates to a whole lot of buying and selling for KBB to track. There are thousands, if not tens of thousands, of cars within 10 miles of your house. Almost every household in America has at least one car.

#KELLEY BLACK BOOK UPDATE#

While they have access to sale prices of millions of car sales and update those every day, the number of side-by-side and quad sales they have access to is far fewer. Limited DataДЄ giant hurdle for UTV and ATV enthusiasts is KBBвЂ™s lack of off-road vehicle data to feed their algorithim. Blue Book will take time to catch up to those. People will start avoiding that vehicle like the plague.Д®ven less dramatic news like new vehicle announcements with new features can change the value of existing vehicles overnight. Imagine that news emerges that the chassis on a popular side-by-side breaks as soon as you hit 500 miles. ItвЂ™s not hard to imagine in a worst case scenario. Even when changes are gradual, the UTV blue book will lag behind. If those changes come swiftly, KBB may be way off the mark. ItвЂ™s as up to date as you can hope for, but that doesnвЂ™t mean it can process that data instantly.ДЄs trends and economic conditions change, so do the prices that people are willing to pay. Kelley Blue Book gathers data daily to feed its value algorithm. These factors can throw off your estimate causing you to price your UTV or ATV too high or too low. There are a number of factors working against UTV Blue Book values regardless of what kind of vehicle youвЂ™re selling. Photo by Librarian Way How Accurate Are KBB Values? But is it also the Blue Book of UTV values? Kelley Blue Book has been around since the вЂ™20s and remains one of the most trusted vehicle pricing tools. So how accurate can the Blue Book of UTV values really be? However, there isnвЂ™t nearly as much historical data to draw from for off-road vehicles, and the total number of quads and side-by-sides being sold is a tiny fraction of the number of cars being sold. KBB is also one of the only pricing guides that incorporates UTVs and ATVs as well. They collect all this data on a daily basis, then run it through their proprietary algorithm to give you a single value. Instead of doing something ridiculous, KBB tracks prices of used cars from a variety of sources including dealers, manufacturers, rental fleets, auctions, and private transactions. ItвЂ™s the most commonly referred to price estimation website and is widely used by buyers and sellers alike.Д«ut how does it work? Do they pull prices out of thin air? Is there a car price genius locked away in a cubicle evaluating every vehicle that exists 24/7? What Is Kelley Blue Book?ДЇor those of you not in the know, Kelley Blue Book has become the gold standard for car valuations since 1926. You probably want to turn to Kelley Blue BookвЂ™s UTV section to help make sure youвЂ™re valuing your side-by-side properly.Д«ut is the good Blue Book as reliable for off-road machines as it is for standard automobiles? LetвЂ™s see if this book is blowing smoke. Selling UTVs and ATVs is even more complicated where surface blemishes and mileage are less important than the wear and tear you canвЂ™t see. You have to find the perfect price point to get interested buyers without selling yourself short.

Selling any vehicle is a tricky business.

Kelley black book