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KBB Value dropping drasticly

Originally Posted by djpheer So I was in the market for a new car in October of 2013.. my car had 44,000 miles at the time and BBooked for 18,500

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Old 03-03-2014, 03:35 AM   #31 (permalink)
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Originally Posted by djpheer View Post
So I was in the market for a new car in October of 2013.. my car had 44,000 miles at the time and BBooked for 18,500 on a trade in for "very good" condition according to Official Kelley Blue Book New Car and Used Car Prices and Values. Now if I put in the same car with the same milage I get 15,995 on a trade. This is very disturbing. Anyone else notice this? There is no way it dropped in value that much simply due to time. Meanwhile a 2010 with everything else the same KBB's for 19,084 and hasn't changed much.
I recently traded in my 2012 touring/sport/nav/6m with 35.5k miles and absolutely bald tires and was shown $25.5k for it while the dealer took $1200 off of their list price on the 2010 Jeep I replaced it with.

That is one data point to add I guess.
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