Every used automobile has a “Blue Book” price, as well as depending upon a wear/tear upon a car, can have a low/medium/high value. How do they get this information?
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By mileage, options, year, model, and condition
Through sample surveys and research with dealers and individuals. They then look at historical selling patterns and calculate a price range. Basically they conduct an ongoing market analysis of the car market.
By years of being in the business.