Q » How does a dealership manage trade-in valuations?
17 Oct, 2025
A » Dealerships manage trade-in valuations by assessing the vehicle's condition, age, mileage, and market value. They often use reference guides like Kelley Blue Book or NADA Guides to determine a fair price. Additionally, dealerships may consider current inventory needs and potential reconditioning costs. The final offer reflects a balance between wholesale value and potential retail resale value, ensuring a mutually beneficial transaction for both the dealership and the customer.
17 Oct, 2025
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