How is instant market value calculated? Is it different than Kelly Blue Book?

Asked by ZAMESL May 24, 2012 at 08:27 PM about the 2007 Volvo XC70 2.5T AWD

Question type: Shopping & Pricing

3 Answers
24,745

aztec626bf answered 12 years ago

From Cargurus Home......Instant Market Value is the estimated fair retail price for a vehicle based on similar listings in the market. We analyze millions of currently listed and recently sold cars to determine the Instant Market Value for a vehicle based on year, vehicle condition, trim, mileage, transmission, options, region and other factors.

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30

tmwag answered 12 years ago

I'm a bit confused on instant market values as well. I've seen pretty much identical listings (year, make, model, mileage, options, etc) in the same area vary by several hundred dollars. Is this value assuming the vehicle is in excellent condition?

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HankMabucci answered 9 years ago

I'd like to know the answer to this also. I'm in the market for a 2008 Saab 9-5, and I find that the KBB value is a full $2000 less than the CarGurus value!

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