How does KBB work?

"LappingLuke" (lukeohara01) 10/29/2014 at 20:23 • Filed to: None

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This is a question that has plagued me for many forevers. The values it spits out are 100% invalid for anything more interesting than a base VW Golf or made in numbers less than infinity. I can't find any info on the net about the witchcraft going on in that little blue website but I suspect it just guesses based on nothing. Legendary C5R for your time.

JR1 > LappingLuke 10/29/2014 at 20:29

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Poorly

Drakkon- Most Glorious and Upright Person of Genius > LappingLuke 10/29/2014 at 20:39

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In all seriousness, they are based on surveys of sales managers. they are opinions of people willing to take part in the surveys.

LappingLuke > Drakkon- Most Glorious and Upright Person of Genius 10/29/2014 at 21:07

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So how do they figure the difference between a car with all the options but heated seats, and then a car with all the options? Just assign an arbitrary cost of heated seats in a used car?

LappingLuke > JR1 10/29/2014 at 21:10

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No joke

Drakkon- Most Glorious and Upright Person of Genius > LappingLuke 10/29/2014 at 21:10

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Purdy much.

Ccc uses historical sales data, nada does some historical and some survey, but last i checked kbb is really survey heavy.