Kelley Blue Book

{{Short description|American vehicle valuation company}}

{{Redirect|KBB}}

{{Use mdy dates|date=March 2025}}

{{Infobox company

| name = Kelley Blue Book Co., Inc.

| logo = Kelley Blue Book Logo.png

| logo_size = 140px

| type = Subsidiary of Cox Automotive

| founded = {{start date and age|1918}} (as The Kelley Kar Company)
{{start date and age|1926}} (as Kelley Blue Book)

| founder = Les Kelley

| location = Irvine, California, U.S.

| key_people = Les Kelley, Founder
Buster Kelley
Steve Lind, President{{cite news | url = http://www.ajc.com/news/business/new-presidents-named-for-autotrader-kelley-blue-bo/ngt8L/ | title = New presidents named for AutoTrader.com, Kelley Blue Book | newspaper = AJC.com | date = 5 August 2014 | access-date = 21 September 2014 | author = Christopher Seward}}

| industry = Information services, E-commerce software, Automotive

| parent = Cox Automotive{{cite news | title = Cox creates wholesale, retail auto sales giant | url = https://www.usatoday.com/story/money/cars/2014/08/21/cox-automotive-enterprises-manheim-autotrader-kbb/14379373/ | newspaper = USA Today | date = 21 August 2014 | access-date = 21 September 2014 | author = Fred Meier}}

| homepage = {{URL|https://www.kbb.com/|kbb.com}}

}}

Kelley Blue Book Co., Inc. (KBB) is an American vehicle valuation and automotive research company.{{cite magazine|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4843555|archive-url=https://web.archive.org/web/20071122040012/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4843555|url-status=dead|archive-date=November 22, 2007|title=Kelley Blue Book Profile|magazine=Bloomberg Businessweek|access-date=September 24, 2013}}{{cite news|url=https://www.wsj.com/articles/SB10001424052702304248704575574683608871098|title=Autotrader.com Buys Kelley Blue Book|newspaper=Wall Street Journal|access-date=September 24, 2013|date=October 26, 2010}}{{cite news|title=Kelley blue book warns of impostor website|newspaper=Los Angeles Times|date=September 22, 2011|author=Hirsch, J.}}{{cite news|title=Kelley Blue Book Tests the World Wide Web as a Distribution Source|newspaper=New York Times|date=October 28, 1996}} Based in Irvine, California, the company is owned by the Cox Automotive subsidiary of Cox Enterprises.

History

The company began as the Kelley Kar Company founded by Les Kelley in 1918.{{cite web|url=http://www.autoblog.com/2011/05/26/kelley-blue-book-has-a-new-look/|title=Kelley Blue Book has a new look|publisher=Auto|access-date=September 24, 2013|date=May 26, 2011|author=Jeff Glucker}} Kelley started the company with three Model T Fords.{{cite news|title=Used-car innovator invented the 'blue book'|date=December 11, 2001|newspaper=The Globe and Mail}} His younger brother, Buster, worked with Kelley as a lot boy. By using data collected from the dealership, Kelley published the company's first Blue Book in 1926, which became a standard guide in automotive trade in determining car value.{{cite news|url=http://cars.chicagotribune.com/fuel-efficient/news/chi-the-top-ranked-fuel-efficient-family-cars-for-2013-20130521|title=Fuel-efficient vehicles fill out best family cars list for 2013|newspaper=Chicago Tribune|access-date=September 24, 2013|date=May 21, 2013|author=Robert Duffer|archive-url=https://web.archive.org/web/20140224023012/http://cars.chicagotribune.com/fuel-efficient/news/chi-the-top-ranked-fuel-efficient-family-cars-for-2013-20130521|archive-date=February 24, 2014|url-status=dead}} Kelley Blue Book was formed in 1926, and the Kelley family continued its dealership business in Southern California for several decades. By the 1960s, the company moved from a car dealership to a specialty publisher and focused on the production of its automobile price guide. Kelley Blue Book guide became the first publication to use mileage to determine a car's value.{{citation needed|date=December 2018}}

In 1995, Kelley Blue Book created its company website, which contained tips and pricing information from its hardcopy guide.{{cite web | url=http://www.ocmetro.com/t-autotradercom_kbb_purchase_10262010.aspx | access-date=30 July 2014 | title= AutoTrader.com buys Kelley Blue Book | author = Kristen Schott | work = OC Metro | date = 26 October 2010}}

In December 2010, Kelley Blue Book was purchased by AutoTrader.com.{{cite news|url=https://blogs.wsj.com/deals/2010/10/26/kelley-blue-book-sold-at-near-mint-condition/|title=Kelley Blue Book Sold at Near-Mint Condition|newspaper=Wall Street Journal|access-date=September 24, 2013|date=October 26, 2010|author=Shira Ovide}} After its acquisition, the company operated as a subsidiary of AutoTrader.com, Inc.{{cite news|title=AutoTrader plans to buy kelley blue book; terms of the deal, which requires regulatory approval, are not disclosed|newspaper=LA Times|date=October 27, 2010|author=Li, S.}}

In 2013, the company formed an alliance with Bitauto Holdings Ltd. to expand into China.{{cite news|last=Clough|first=Richard|title=Kelley Blue Book to expand into China|newspaper=The Orange County Register|date=November 9, 2013|page=Business 1}}

Sponsorship

In 2014, Kelley Blue Book signed a two-year agreement with Hendrick Motorsports to be a primary sponsor of Dale Earnhardt Jr.'s No. 88 Chevrolet SS NASCAR Sprint Cup Series team.{{cite web | url = http://www.nascar.com/en_us/news-media/articles/2014/2/13/dale-earnhardt-jr-sponsor-hendrick-motorsports-kelley-blue-book.html | access-date = 30 July 2014 | title = First-time NASCAR sponsor joins Earnhardt's No. 88| work = NASCAR.com | date = 13 February 2014 }}{{cite web | url = http://www.hendrickmotorsports.com/news/article/2014/02/13/Kelley-Blue-Book-to-sponsor-Dale-Earnhardt-Jr | access-date = 30 July 2014 | title = Kelley Blue Book to sponsor Dale Earnhardt Jr. | work = Hendrick Motorsports | date = 13 February 2014}}

Services

File:Kelley Blue Book Official Guide. Best Resale Value.jpg

The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft.{{cite web|url=http://www.ocmetro.com/t-Kelley-Blue-Book-KBB-Cyclechex-new-Motorcycle-History-Reports-3-1-12.aspx|title=Irvine-based Kelley Blue Book partners with Cyclechex to offer used-motorcycle information|publisher=OC Metro|access-date=September 24, 2013|author=Kirsti Correa|date=March 1, 2012}} For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.{{cite web | url = http://www.fi-magazine.com/news/story/2013/10/kbb-launches-price-advisor-tool.aspx | access-date=30 July 2014 | title = KBB Launches Price Advisor Tool | work = F&I Magazine | date = 15 October 2013 }}{{cite web | url = http://www.socaltech.com/kelley_blue_book_debuts_new_car_pricing_tool/s-0051902.html | access-date = 30 July 2014 | title = Kelley Blue Book Debuts New Car Pricing Tool | work = Socal Tech | date = 15 October 2013}} For new automobiles, Kelley Blue Book also provides information about a car's MSRP and dealer invoice price.{{cite news|title=Kelley adds certification to its used-vehicle listings|newspaper=Automotive News|date=June 24, 2002}} For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value.{{cite web | url = http://www.businessfleet.com/channel/vehicle-research/news/story/2013/02/kbb-report-fair-purchase-price-data-shows-vehicle-segments-worth-buying-new.aspx | title = KBB Report: Fair Purchase Price Data Shows Vehicle Segments Worth Buying Used | work = Business Fleet | date = 19 February 2013 }}{{ cite web | url = http://www.autoremarketing.com/technology/kbb-rolls-out-range-based-pricing-used-values | title = KBB Rolls Out Range-Based Pricing for Used Values | work = Auto Remarketing|date= 20 May 2014}} Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars.{{cite web | url = https://blogs.wsj.com/drivers-seat/2012/07/30/kelley-blue-book-launches-first-consumer-tv-ads-video/ | access-date=30 July 2014 | title = Kelley Blue Book Launches First Consumer TV Ads (Video) | author=Jonathan Welsh|work = The Wall Street Journal | date = 30 July 2012 }}{{ cite web| url=http://www.ocmetro.com/t-Kelley-Blue-Book-launches-TV-ads-07-31-2012.aspx | access-date=30 July 2014 | title=Kelley Blue Book launches national television ad campaign | author=Mackenna Waterhouse|work = OC Metro | date = 31 July 2012}}

Recognition

In 2012–2014, Harris Poll recognized Kelley Blue Book as the Online Auto Shopping Brand of the Year.{{cite web|url=http://www.harrisinteractive.com/Insights/EquiTrendRankings.aspx#Automotive|title=2013 Harris Poll EquiTrend Rankings|publisher=Harris Interactive|access-date=September 24, 2013|archive-url=https://web.archive.org/web/20151005104620/http://www.harrisinteractive.com/insights/EquiTrendRankings.aspx#Automotive|archive-date=October 5, 2015|url-status=dead}}{{ cite web | url = https://finance.yahoo.com/news/brand-equity-many-luxury-full-090000459.html | access-date = 30 July 2014 | title = KBB.com Earns Brand of the Year Three Years Running | work = Yahoo! Finance | date = 12 June 2014}} In addition, the company received a WebAward in the automotive category of Outstanding Website for two consecutive years.{{cite web|url=http://www.ocmetro.com/t-Kelley-Blue-Book-wins-WebAward-second-consecutive-year-10-03-2012.aspx|title=Kelley Blue Book wins WebAward for second consecutive year|access-date=September 24, 2013|date=October 3, 2012|author=Kara Vaporean|publisher=OC Metro|archive-date=June 10, 2015|archive-url=https://web.archive.org/web/20150610225725/http://www.ocmetro.com/t-Kelley-Blue-Book-wins-WebAward-second-consecutive-year-10-03-2012.aspx|url-status=dead}}

See also

References

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