LOS ANGELES -- Kelley Blue Book, an online resource for automotive information, has launched New Car Blue Book, which provides values for new vehicles based on sales data from recent consumer car purchases.
New Car Blue Book gives new-car shoppers information about how much a specific make and model is selling for during any given week. The pricing reports also will define the market conditions for that make and model.
The New Car Blue Book price represents the typical selling price for a given vehicle. But not all vehicles sell for the same price, which is why the company also offers a price range. By showing the low and high ends of the range, the company says it can better reflect whether a vehicle's selling price varies widely or hardly at all.
"We obtain tens of thousands of actual transactions from dealers nationwide each week to ensure we are providing values the industry can use and consumers can rely on," says Charlie Vogelheim, executive editor of Kelley Blue Book of Irvine, Calif.