Will the KBB value of SUV decrease?

Question

With the high price of gas, and people selling their SUVs, will Kelly Blue Book adjust the values to reflect the new value, price of SUVs?

Answer 1

Yes. They are constantly adjusting values.

Answer 2

KBB can't keep up fast enough! Look at trade in value on a suv. Look at the lowest of the 3 values. whatever suv you are looking at can be bought for a dealer at auction tomorrow for about 1-2,000 less.

KBB does not buy or write checks for cars. You can " do your research " , but fact is with car values dropping, dealers are offering what they can buy cars for at auction. And good, nice gas friendly cars that would have sold for like 4-5k a few months ago, have creeped up in value at the block.

Answer 3

100% correct. Values are falling like a bag of hammers...