Even the NADA guide has the value going down by $1000 per month. It is the same problem domestic cars have with large incentives. The incentive is figured in to the trade value.
Auto trader advertised from a So Cal Dealer a 2012 PIP advanced used car with Platinum Certified warranty, 15,000 miles for $28,000 Th car goes for 39K new
no one pays 39k new ! reports of as low as 34k plus you'd get the Fed $2500 = 31,500 so 28k for one with 15,000 miles seems about right
Thats how I have seen it lately. Dealers are more concerned about what they can sell a trade in at an auction for then what they can sell it on there own lot for.
I did two trade-ins recently, and in both cases, the only thing they cared about was the auction price. KBB was irrelevant.
In California, we use KBB. We also evaluate auction pricing. For example, here's my own car booked at 35K miles on odometer today: 2012 Toyota Prius Plug-in Hatchback 4D I cannot add value for the leather, or the EC mirror or HIDs as the KBB site won't permit this. Meaning, they have no value. Anyone reading these numbers below would know this is all pretty high considering the rebates for the state and Fed are n/a to the next guy... but frankly, KBB or any blue book guide isn't Gospel - it's just a good guide. VEHICLE VALUE - ZIP CODE 90745 Lending Value $26,725 vsSuggested Retail $28,635 Mileage Adj: -($1,100) -($1,100) Blue Book Value: (trade) $25,625 (retail) $27,535 Auction $24,125 I wouldn't sell my car today for 24K. No way.
I would imagine a lot of us aren't going to worry a lot about this. I won't be getting rid of this car for quite some time. It's such a happy car.
