What is the Market Value section in a vehicle history report?

The Market Value section shows the current estimated value of the vehicle in a specific market. Typically, it includes a graph with the average price for a particular car model (manufactured in the same year) and the lowest and highest prices recorded for that vehicle.

If available, this section may also include details like the last known selling price of the vehicle or a graph showing how its value has changed over time (market price history).

How to use the Market Value section

The graph in the Market Value section may look straightforward, but it can provide valuable information when used correctly:

• Average market price. This figure can give you an idea of how much similar cars currently cost. If the price of the vehicle you're considering is significantly higher, it could indicate overpricing. A lower-priced car can be a potential bargain, but always check its condition and history to ensure there are no undisclosed issues affecting its value.
• Last known selling price. You can determine how the vehicle’s value has changed over time if you know its last selling price. If the current asking price is much higher than the last selling price without valid reasons, it could suggest that the seller is overpricing the car.
• Price range. This figure shows the lowest and highest prices for the same model within the market, helping you see where the car you're interested in stands between them. If it’s priced at the lower end, consider whether the vehicle has issues like high mileage or past accidents. If it’s on the higher end, look for upgrades or other signs that can justify the price.
• Market price history. This part of the section shows how the price of the specific model has changed over time, which can help assess how the car’s value will likely increase/decrease in the future. For instance, if the vehicle has held its value well, it might be a more reliable investment.

If you're selling, the Market Value section can help you set a competitive price for your car by showing the lowest and highest prices for similar models. You can use this information to position your car within that range, ensuring it's priced attractively while accounting for its condition and features.

How is market value calculated?

The vehicle’s market value in carVertical reports is determined by analyzing data from the specific model in the country where the report was generated, using data from the past six months. This ensures the market value reflects current trends and local conditions, providing an accurate price estimate.

How accurate is this estimation?

The market value estimations in carVertical reports are generally accurate. However, the final price can still vary depending on factors like the condition of specific cars.

For example, two models manufactured in the same year may have different prices because one was better cared for than the other. Discrepancies can also appear if a vehicle has unique features, modifications, or unreported issues.

Therefore, the market value estimation can be a helpful guideline, but consider different possibilities and don’t base your decisions solely on this information.

Benefits of knowing the market value of a car

You can use the information provided in the report to:

• Negotiate a better price
• Avoid overpaying for a vehicle
• Identify potential issues if the car’s price is significantly lower than the market average
• Set a fair price for your vehicle when selling

In all cases, it allows you to make a more informed decision.

What if the Market Value section is not available in the report?

The Market Value section may be missing from the report if we don’t have access to relevant data or if not enough data is available. Additionally, market value may not be included in the reports for newer models if there isn’t enough historical data to establish a reliable estimate.

Still have questions? If you need more help understanding the Market Value section of your report, feel free to reach out to our support team or check out our blog post on checking the used vehicle’s value.