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. Appraisal

    A valuation of property (ie. real estate, a business, an antique) ...
  3. Benchmark

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

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

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

    A contract (policy) in which an individual or entity receives ...
Related Articles
  1. Home & Auto

    5 Insurance Policies Everyone Should ...

  2. Home & Auto

    Used Car Shopping: How To Avoid A Lemon

  3. Home & Auto

    New Wheels: Lease Or Buy?

  4. Options & Futures

    Top Tips For Cheaper, Better Car Insurance

Hot Definitions
  1. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  2. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  3. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  4. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  5. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  6. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
Trading Center