AutoRadar | Vehicle Valuation

The Vehicle Valuation page is designed to give you the information you need to see how the market is currently valuing a particular make and model, as well as giving you a market relevant Kelley Blue Book estimate for the vehicle that a customer would like to trade-in, based on applicable factors.

Whenever you perform a valuation, it is automatically saved and then stored in the Recent section. This shows the Saved Valuations by your Name and Date and also has a drop-down box to allow you to filter by name to quickly find valuations individuals have performed, the Vehicle Description, Odometer, Trade-In Value and Typical Dealer Asking Price. Simply press the View button to retrieve your saved valuation and make any updates you require. You can also use the Search bar in the top right corner to search by Vehicle Description, Rego or VIN for any saved valuations you have made.

Should you wish to delete a Valuation, simply press the Trash icon next to the View button, and a window will prompt you to confirm your request.

New Valuation: Here you initiate your search by selecting either Vehicle Lookup (Make, Model and Year) or by Rego and Year or VIN and Year. Once you have made your selection and entered the data, a field will populate below your entry showing the variants found for that model and year type.

Here is what each of the options will show once you enter the data:

Vehicle Lookup:

Rego:

VIN:

After selecting the variant, you will have the option to choose the state for the Valuation, then enter the Odometer of the vehicle and if necessary, any Options (such as metallic paint etc.) or Packs the variant may have installed. Once you have entered the data, click the ‘Get Vehicle Value’ button.

Valuation: After clicking the ‘Get Vehicle Value’ button, on the right it will display the date, the selected vehicle as well as the RRP, Trade-In Value, Auction Value and Typical Dealer Asking Price. If you click the Pricing Definitions link underneath the vehicle description, it will bring up the following explanations of each field:

Kelley Blue Book RRP

The Kelley Blue Book RRP, or Recommended Retail Price, is the price set by the manufacturer when the vehicle was new. RRP includes destination charges and minimum required equipment, but excludes service and handling fees, discounts, taxes, insurance, license, and registration fees. RRP is a reference point for negotiations, however dealers can choose to sell a vehicle above or below its listed RRP.

Kelley Blue Book Auction Value

The Kelley Blue Book Auction Value is Kelley Blue Book's estimate of what a vehicle is expected to sell for at a wholesale auction. It assumes the seller has properly disclosed the condition of the vehicle. It does not include buyer's fees or the buyer's transportation costs and assumes the vehicle has not yet been fully reconditioned, inspected, and prepared for retail sale.

Kelley Blue Book Typical Dealer Asking Price

The Kelley Blue Book Typical Dealer Asking Price is representative of dealers' asking prices. It assumes that the vehicle has been fully reconditioned and takes into account the dealers' profit and costs for advertising. The final sale price will likely be less, depending on the car's actual condition, popularity, warranty and local market factors.

Kelley Blue Book Trade-In Value

The Kelley Blue Book Trade-in Value is Kelley Blue Book's estimate of what a consumer can expect to receive from a dealer for a trade-in vehicle assuming an accurate appraisal of condition.

Below this window you can adjust the Location, the Odometer you had previously entered and by using the drop-down box, the Condition of the vehicle ranging from Excellent, Very Good, Good and Fair (The default for this is Good). Should you change either the Location, Odometer or Condition fields, please note this will update the Kelley Blue Book valuation fields above.

Alternatively, you can click Edit to select Additional Options or New Valuation to restart the process.

Vehicle Summary: The left side will show a current image with your selection and details about the vehicle i.e. Body, Cylinders etc. On the right it displays the quantity listed in the state as well as nationally, and underneath how many are Active or Delisted for both values. Underneath this information is the Average EGC Price, Average Odometer, Average Listed Days and Average Market Days Supply.
You can click the Filter button to adjust the locations selected, or whether to include Delisted vehicles.

By clicking the View National toggle, you will see the Australia Wide Market Summary information about the vehicle you selected (this is turned on by default, which you can change in the Settings). Much like Vehicle Analysis, you can also expand your results in the Market Listings through the Filter by adjusting the Match toggles.

Market Listings: This is either a List or Scatter Chart view as well as a description of the vehicle selected. In List View, you will see an image of the vehicle, Colour, Rego (3), Odometer, Drive Away Price, EGC Price, Days in Inventory, the Seller type and Location. There are also the All, Active or Delisted buttons above the grid (and in the Scatter Chart) should you wish to update for these types.

If you click on vehicle in Market Listings, a screen will popup allowing you to filter through all of the images for the vehicle, as well as access more detailed information about the vehicle including Market Price position, Price Rank, Price History, Odometer, Days in Inventory, VIN, State, Seller, Rego, Body Colour, Comments and Additional Options.

Pricing Strategy: You can now obtain a Trade-In value that is aligned to your dealership by considering you wish to achieve . In the Settings menu under AutoRadar, you can set the default values for the Reconditioning and Lot Fees as well as the Profit amount. Here’s how the tool functions:
Kelley Blue Book Typical Dealer Asking Price – This is the Typical Dealer Asking Price calculated by Kelley Blue Book based on the market average Dealer Asking Prices.
My EGC Price – This is the price you want to sell the vehicle for.
Price Percentage – This is the percentage difference between the Kelley Blue Book Typical Dealer Asking Price and the My EGC Price. You can use the plus and minus buttons to adjust this value based on the difference to the Kelley Blue Book Typical Dealer Asking Price.
Reconditioning Cost – This is what the cost to your dealership will be for any repairs/detailing that the vehicle will require before it is ready for sale.
Lot Fee – The estimated cost of keeping the vehicle on the Lot.
Profit – The amount you are looking to make from the sale of the vehicle.
My Calculated Trade-In Value – This is the My EGC Price minus the Reconditioning Fees, Lot Fees and Profit values you have entered into the Pricing Strategy. Once this is calculated this may be the price you give to your customer for their Trade-In.
Kelley Blue Book Trade-In Value – This is the Trade In value calculated by Kelley Blue Book based on market information that can be used as a benchmark or reference for your calculated trade-in value.
Once you have entered the values in, you simply press Save Changes to hold this information to the Saved Valuation.