KBB value of my '06 went WAY down...Wth!!!

Discussion in 'Gen 2 Prius Main Forum' started by dureel, Jan 23, 2012.

  1. dureel

    dureel New Member

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    A few months ago I checked the KBB value of my 2006 Prius and it was valued at over $18,000. I just checked now and it is valued at $15,000. Is this because the new 2012 models came out? This seems like WAYYY too much of a decrease, and the '07 and '08 models aren't really any higher than $15k. What happened?? It has nothing to do with the mileage, options or zip code.
     
    #1 dureel, Jan 23, 2012
  2. jdenenberg

    jdenenberg EE Professor

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    A few months ago there were NO new Prii (Earthquake/Tsunami) available so used prices were artificially high. That bubble is over.

    JeffD
     
    #2 jdenenberg, Jan 23, 2012
  3. El Dobro

    El Dobro A Member

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    Who knows, if gas keeps going the way it's going, those prices may get up there again.
     
    #3 El Dobro, Jan 23, 2012
  4. LIPriusFreak

    LIPriusFreak Can I haz JDM?

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    gas goes up ---> prius value goes up

    gas goes down or stablizes ----> priuses drop in value



    all part of supply vs demand
     
    #4 LIPriusFreak, Jan 23, 2012
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