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"I was referring to the the private owner selling price. Most consumers (I personally know) think of this price when they discuss the value of their used car they intend to sell. Most people I know who are not extremely wealthy and busy wouldn't ever trade in a car so they never refer to the retail trade-in value when they are figuring out the bluebook value."
This is a start as you now specify what BB value you are referring to.
"And I'm not saying his 1995 968 is worth $19K, Kelley BB says it is.
(since he's from LI I put in NY when I ran the calculator)"
KBB does not say that his car is worth 19K, only that the average price for a car of his type HAS BEEN 19K over time and distance. What he gets for it is what he gets for it, so it is a guide and KBB says that very clearly.
"Sure he might not find a buyer right away but the generally accepted guideline is the one put forward by the KBB. I'm not an economist so I can't say what the true woprth of a particular car is (whatever that means) but since most people don't know the auto business as well as dealers and at the same their is great distrust of auto sales industry, they turn to a third party to tell them what is "fair value" for a car."
I have no issue with KBB, use them all the time. However, they produce value guides and are careful to disclaim that in their literature.
"A set of Carrera 5 spoke wheels can be purchased any day on Ebay for $3,000 with tires. Yet no one ever bids. Yet the seller has determined that $3,000 is the fair market value. Porsche believes it to be higher. Does this mean the wheels are not worth $3,000 because they are relisted week after week without a buyer? I've always thought of worth to be the amount of money I can recoup if I decide to sell without using/wearing down the product."
If you can't sell the wheels at $3000 then by definition they are not worth $3000.
"At some point a consumer with the money to spend on a nice set of new Carrera 5 spokes will make the purchase and no one will say that since he bought wheels that were sitting around for months, that he was ripped off for paying $3,000."
It does not matter what other people say, if he paid $3K, they were worth it to him, no?
"I guess their are two perspectives on "worth" what the consumers believe and
what the auto industry believes. Unless you are buying a Saturn(if they still do that)."
Worth is determined by where the buyer and seller agree to a deal.
"By the way the car's I've sold for many friends, lend them to believe I do know what I'm talking about when I say how much their cars will bring in. Because so far with online auctions/ads its ALWAYS been higher than what either the KBB told them it was worth (to them as private sellers) or what the local used car lot guy offered them."
You are waffling here. The way you word your statement by definition makes your right. Can you sell it for PPT all the time or do you just beat the trade value?
I have done much data crunching of EBAY sold data on the Porsche Boxster and 911. It rare but possible to get PPT KBB on EBAY but most folks do not. In fact, most Porsches don't sell at all on EBAY. Of the 20% that do, most sell for around trade value and a few rare ones get to PPT.
That is also true for Corvettes, and most BMW models.
If you don't believe me spend an afternoon sorting the data. You will be surprised I believe.
"The ebay pricing for used car's often differs with the audience that car has.
Allot of conservative people don't feel comfortable buying a Boxster in an Ebay auction thus the bids come from a certain type of buyer, one that has greater trust in the internet than a more traditional buyer. An older 911 may have a different type of audience as well, one that regularly buys used parts from the internet and has much more experience with online purchasing. Those buyers will propbably be more likely to bid on an older 911. Than the buyer of a Boxster.
The point is that even within the same Brand the buyer of one model might be more willing to buy than the buyer of another model.
Its all becoming more complex with every passing day."
Candidily, unless an EBAY car is local and can be inspected by me personally, I would never buy a car over EBAY. The horror stories abound and buying this way is Russian Roulette. My neighbor bought a Jag on EBAY that he has inspected by a service far away. That car had been hit in every panel, as I showed him when he brought it over. The guy did not use a paint meter and got fooled by a nice repair job. Of course, the car won;t drive staight but hey, he got a great deal!
"BUT DON"T TRADE IN YOUR CAR "
Again, trade ins are fine for those who do not want to sell there car on their own and who understand that this will cost them some dough. I tell every prospect that every time I evaluate a trade. And I have not issue with direct sale. I make my money on selling my car, not taking advantage of a buyer. I can buy cars at auction all day long.
Different strokes for diff folks.
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