- Dec 14, 2002
- New Jersey
Not many people want crown Vics, contrary to whats on here. They just don't do anything well compared to other options. The police market keeps them cheap too. I agree on collector cars and collector premiums. It seems like the algorithms are pretty generic. That said, with so many cars and sub models over so many years, it's hard not to. One would think better search algorithms for finished sales in public record would be used...
Originally Posted by 69GTX
KBB has some specific areas where they price cars WAY under the wholesale market. In particular most well kept, well maintained used cars with low miles that are more than around 7-10 yrs old. Have a cream puff one owner 2008 Crown Vic with 20K-45K miles? You can be sure KBB under-prices this car by a considerable amount. And dealers just love to get cars like this on trade in for "book" value. My 1999 Camaro SS 6 speed with 19K miles has a KBB value of around $8500 last I checked a year ago. Complete rubbish. They typically change hands between collectors in the $11K-$12K range. KBB doesn't even give a premium for the value of a 6 speed over an automatic (approx $1K on this car). Most any performance car in the 1993-2008 period with considerably lower miles will tend to be priced low on KBB. They just don't give the proper premium to low miles. They do however price cars with 100K-150K miles fairly accurately.