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As a classic car enthusiast, you know that finding the value of your antique car can be a daunting task. Fortunately, Kelly Blue Book has been a trusted source for car values since 1926. In this article, we will explore what Kelly Blue Book is and how it can help you determine the value of your antique car.
What is Kelly Blue Book?
Kelly Blue Book, also known as KBB, is a respected resource for car buyers and sellers alike. It provides accurate and up-to-date information on the value of new and used cars, as well as motorcycles, boats, and RVs. KBB has been around for over 90 years and is currently owned by Cox Automotive.
The company was founded by Les Kelley in 1918, who started out as a car dealer in California. He began to keep a list of car prices on a chalkboard in his dealership, which eventually grew into the first edition of the Blue Book in 1926. The book was named after a common practice of using blue paper for accounting, and it quickly became a trusted source for car values.
How Does Kelly Blue Book Determine Car Values?
Kelly Blue Book uses a proprietary algorithm to determine the value of cars. The algorithm takes into account a variety of factors, including the car’s make, model, year, mileage, condition, and location. KBB also factors in market trends, such as supply and demand, to ensure that their values are accurate and up-to-date.
In addition to their algorithm, KBB also has a team of experts who evaluate each car individually. They take into account any unique features or modifications that may affect the value of the car.
How Can You Use Kelly Blue Book to Determine the Value of Your Antique Car?
If you own an antique car, you may be wondering how to determine its value. Fortunately, KBB has a section on their website specifically for classic cars. You can enter the make, model, and year of your car, as well as its condition and any unique features, and KBB will provide you with an estimated value.
It’s important to note that KBB’s values are just estimates and may not reflect the true value of your car. However, they can be a helpful starting point when trying to determine the value of your antique car.
What Are Some Other Factors That Affect the Value of Antique Cars?
While KBB is a great resource for determining the value of antique cars, there are several other factors that can affect their value. Some of these factors include:
- Rarity – The more rare a car is, the more valuable it may be.
- Originality – Cars that have all of their original parts and features may be more valuable than those that have been modified.
- Condition – The condition of the car plays a big role in its value. Cars that have been well-maintained and are in excellent condition will be worth more than those that are in poor condition.
- History – The history of the car, including its ownership and any notable events it was involved in, can also affect its value.
Conclusion
Kelly Blue Book is a valuable resource for antique car enthusiasts who are looking to determine the value of their cars. While KBB’s values are just estimates, they can be a helpful starting point when trying to determine the value of your antique car. By taking into account other factors such as rarity, originality, and condition, you can get a more accurate idea of what your car is worth.