How is instant market value calculated? Is it different than Kelly Blue Book?

Asked by ZAMESL May 24, 2012 at 08:27 PM about the 2007 Volvo XC70 2.5T AWD

Question type: Shopping & Pricing

3 Answers

24,415

From Cargurus Home......Instant Market Value is the estimated fair retail price for a vehicle based on similar listings in the market. We analyze millions of currently listed and recently sold cars to determine the Instant Market Value for a vehicle based on year, vehicle condition, trim, mileage, transmission, options, region and other factors.

30

I'm a bit confused on instant market values as well. I've seen pretty much identical listings (year, make, model, mileage, options, etc) in the same area vary by several hundred dollars. Is this value assuming the vehicle is in excellent condition?

I'd like to know the answer to this also. I'm in the market for a 2008 Saab 9-5, and I find that the KBB value is a full $2000 less than the CarGurus value!

Your Answer:

XC70

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