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