Blue Book

AAA

DEFINITION of 'Blue Book'

A guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Formally known as the Kelley Blue Book, it was originally only available to those in the automotive industry, but both a consumer edition and an online edition was made available in the 1990s for the general public.

INVESTOPEDIA EXPLAINS 'Blue Book'

The blue book has become the premier appraisal guide for vehicle price quotes in North America. Auto insurance companies frequently use the blue book as a benchmark for assessing the market value of a car that has been involved in a collision in order to determine whether it's worthwhile to fix the car or whether it should be written off as a total loss.

RELATED TERMS
  1. Cash For Clunkers

    A program that allows car owners to trade in their old, less ...
  2. Benchmark

    A standard against which the performance of a security, mutual ...
  3. Lien

    The legal right of a creditor to sell the collateral property ...
  4. Premium

    1. The total cost of an option. 2. The difference between the ...
  5. Insurance

    A contract (policy) in which an individual or entity receives ...
  6. Fair Market Value

    The price that a given property or asset would fetch in the marketplace, ...
Related Articles
  1. 5 Insurance Policies Everyone Should ...
    Home & Auto

    5 Insurance Policies Everyone Should ...

  2. Used Car Shopping: How To Avoid A Lemon
    Home & Auto

    Used Car Shopping: How To Avoid A Lemon

  3. New Wheels: Lease Or Buy?
    Home & Auto

    New Wheels: Lease Or Buy?

  4. Top Tips For Cheaper, Better Car Insurance
    Options & Futures

    Top Tips For Cheaper, Better Car Insurance

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center