"instant market value"

Asked by Jun 14, 2012 at 09:49 PM

Question type: Shopping & Pricing

Where is CarGurus getting the "instant market value" numbers from.

3 Answers

237,755

check out this link, it's been asked many times. http://www.cargurus.com/Cars/Discussion-t38914_ds517220

3 of 3 people found this helpful.
97,135

From Cargurus Home......Instant Market Value is the estimated fair retail price for a vehicle based on similar listings in the market. We analyze millions of currently listed and recently sold cars to determine the Instant Market Value for a vehicle based on year, vehicle condition, trim, mileage, transmission, options, region and other factors.

3 of 3 people found this helpful.

The evaluation is some kind of average of every car listed including salvage, flood, rust states etc and it is total nonsense.

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