Kelley Blue Book Values

[kit5pt0]

Does anyone know if KBB has inflated their values on cars? I haven't been in the market so I haven't been on there in a while, but I have 3 cars and it looks like they are all higher than they were last time I looked which was about 6 months ago. I have a 06 H3 that was $4K higher than last time, a G6 that was $2K higher than last time and a ES350 that was about the same, but now with close to 15000 more miles. I used the same private party value with "good" condition that I used before.

Anyone have any input on if they have noticed the same type of thing?

 

[tistan]

Yes prices are going up on used cars because of demand. I saw a news story about it a while back. Basically cash for clunkers made it to where there are very few cheap cars around, which forces people who would normally buy a beater to buy a more expensive car. Also the price of new cars are so outrageous that a lot of people who would normally buy new are in the used car market. So basically there is just a lot of demand for used cars right now.