Instant Market Value

80

Asked by Oct 13, 2012 at 09:31 AM

Question type: Shopping & Pricing

Can dealers manipulate "instant market value"? The reason I ask is because I have been watching a particular car for about a month. There are only two of these cars within 300 miles-neither has sold. These are the changes in the instant market value of this vehicle during that time periord.
9-21-12 Poor deal $1,207 above.   Mrkt.Value is 12,739
9-23-12 Poor Deal $1,330 above   Mrkt value is $12,617
9-28-12 Poor Deal $1,495 above   Mrkt value is $12,487
9-29-12 Poor Deal $1,306 above   Mrkt value is $12,640
10-01-12 Poor Deal $1,000 above   Mrkt value is $12,946
10-08-12 Fair Deal   Mrkt value is $12,993
Neither vehicle sold, so why the constant changes? If the instant market value is based on the local market, there shouldn't have been any changes.

2 Answers

"instant Market Value" is an arbitrary term. Sure, the dealer can change it at will. Negotiate.

65

Vehicles are continually leaving and entering the market in a given area, therefore, the value will adjust based on available inventory.

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