However, when selling a damaged, undrivable, or salvage car, expect the KBB value to be very different from the amount your vehicle is really worth. The Blue Book values do rather reliably reflect the fair market value of new vehicles and used cars that are in fairly good condition. The KBB values are based on recent sales data. What Vehicles Can the Kelley Blue Book Price Accurately? Check auto salvage rates in your vicinity to get an appropriate valuation for a vehicle in a similar condition to yours. The KBB value reflects pricing for a driveable car, not for a vehicle in salvage condition. On the contrary, salvage car valuations tend to be closer to around 50% of the Kelley Blue Book Value. The value of a salvage vehicle is even much less likely to be accurate in the KBB. For example, it can’t account for damage or repair costs. Can I Use the KBB to Find Out the Value of My Junk Car?Īn accurate car value assessment depends on variables that cannot be accounted for in the KBB, so the Blue Book car value typically does not hold up at the potential point of sale. ![]() There are special factors for calculating the difference between the Blue Book value and the market value of a junk car. ![]() ![]() As useful as it is, the KBB is not always accurate even for good used vehicles due to variables discussed below, and it cannot provide meaningful estimates of value for damaged automobiles or those to be sold for salvage. The Kelley Blue Book® (KBB) is widely recognized as the ideal resource for the valuation of used cars, trucks, and other vehicles.
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