The biggest difference between CarValue™ and other guidebooks is the methodology it uses to predict prices. Unlike other guidebooks, CarValue doesn’t calculate a price as a weighted average of recent transactions for the same Year/Make/Model/Trim, as this approach tends to lead to prices that “follow the market” rather than predicting future prices. It also performs poorly for vehicles with very few recent transactions.

Instead, the CarValue model uses Machine Learning algorithms to forecast the future price of a specific VIN based on overall market conditions. CarValue not only considers transactions for the same year, make, model, and trim but also accounts for the relationships between all other transactions in the marketplace and how the current macroeconomic environment impacts valuations in its predictions.