Do Chevrolets hold value?

Many Chevrolet owners are understandably interested in Chevrolet resale value. But how can you get reliable data on how well Chevrolets hold their value? Thanks to industry-leading vehicle transaction data, the Edmunds Appraisal tool is the best place to start. Simply enter the year, make, and model, and you're on your way to finding out just how much value that Chevrolet has retained from new. Learn more

Are Chevrolets worth the money?

Whether Chevrolet vehicles are worth the money is really a matter of personal opinion. Every brand has its loyalists and detractors. Having said that, the question of whether Chevrolets are a good value can be addressed by reading Edmunds' peerless consumer reviews. If you're curious about a given Chevrolet year and model, just look at the consumer reviews. You'll get a great feel for whether actual Chevrolet owners feel that their Chevrolets were worth the money. Learn more

How can I check the value of my car?

The Edmunds Appraisal tool means that checking the value of your car has never been easier. You can start with the year, make, and model of your car, or you can plug in the VIN or even the license plate. We'll leverage our deep vehicle transaction data to give you an accurate appraisal on the spot, and we'll never ask for your personal information. Learn more

What is a Chevrolet worth?

The value of a given Chevrolet vehicle depends on a number of factors. How old is it? What condition is it in? How many miles are on it? These are just some of the questions that need to be answered before the value of a Chevrolet can be assessed. But that's exactly what the Edmunds Appraisal tool is for. It walks you through the process step by step, and at the end, you'll have an accurate estimate of how much that Chevrolet is worth. Learn more

Chevrolet value appraisal

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A quick guide to the Chevrolet value tool

What is Edmunds True Market Value^®? Edmunds True Market Value^® (TMV^®), also known as Edmunds Suggested Price, is a pricing system that helps you determine the average transaction price — or what others are paying — for new or used vehicles in your area so that you can begin your negotiations with a fair price in mind. For customers appraising their vehicles for sale, Edmunds TMV helps you understand how much you might expect to receive when you sell.

We determine those prices based on a variety of factors, including actual transaction data from dealers. CarMax is one of the dealers from which Edmunds obtains transaction data.

Edmunds has been a wholly owned subsidiary of CarMax, Inc. since June 2021. However, other than the incorporation of CarMax's transaction data by Edmunds into TMV^® calculations, CarMax does not participate in or otherwise influence the manner in which Edmunds computes those values.

How Chevrolet values are calculated: To calculate Edmunds True Market Value^® (TMV^®) for your Chevrolet, we use data from a variety of sources, including dealer transactions, depreciation costs for unique vehicles, and consumer information. The appraised value is based on factors such as the year of the Chevrolet, the model, trim, mileage, depreciation and features.

Which Chevrolet vehicles can be appraised: Just about every Chevrolet is covered. The tool appraises vehicles dating back to 1990, so if you own a classic car, this method will not work. In that specific case, you'd need to find a specialized classic car guide, such as Hagerty, to determine its fair market value.

What you'll see in your Chevrolet appraisal: We will help you make the best decision if you're selling or trading in your Chevrolet. You will be presented with three or four Chevrolet automobile values: trade-in, private party, dealer retail and certified used. The trade-in price is what you can expect from car dealerships if you trade in your current vehicle for your next car. It is always the lowest of the values.

If you plan on doing a private sale, the private-party amount is what a seller can expect. This is always a higher amount than the trade-in value, but it takes more work because you'll be dealing with buyers yourself.

The dealer retail value is for used Chevrolet customers. It's an average of what a shopper may expect to pay when they visit the Chevrolet dealership to buy the pre-owned Chevrolet. If your used Chevrolet is new enough, you will also see a suggested "certified used" number, the approximate sale price for customers looking for a certified pre-owned vehicle.

What is the difference between the CarMax Offer and the Edmunds Appraisal Report? Edmunds True Market Value^® (TMV^®), also known as Edmunds Suggested Price, is a pricing system that helps you determine the average transaction price — or what others are paying — for new or used vehicles in your area so that you can begin your negotiations with a fair price in mind. TMV values shown in the Edmunds Appraisal report are estimates, not a firm offer on your car.

Edmunds also works with CarMax to provide you with a firm offer to purchase your car for vehicles that are eligible for an instant offer. For those looking to sell, the CarMax offer gives you an easy way to sell your car directly to CarMax at your nearest CarMax location. The instant offer you receive is good for 7 days from the time you receive it on Edmunds.

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FAQ

: Many Chevrolet owners are understandably interested in Chevrolet resale value. But how can you get reliable data on how well Chevrolets hold their value? Thanks to industry-leading vehicle transaction data, the Edmunds Appraisal tool is the best place to start. Simply enter the year, make, and model, and you're on your way to finding out just how much value that Chevrolet has retained from new.
: Whether Chevrolet vehicles are worth the money is really a matter of personal opinion. Every brand has its loyalists and detractors. Having said that, the question of whether Chevrolets are a good value can be addressed by reading Edmunds' peerless consumer reviews. If you're curious about a given Chevrolet year and model, just look at the consumer reviews. You'll get a great feel for whether actual Chevrolet owners feel that their Chevrolets were worth the money.
: The Edmunds Appraisal tool means that checking the value of your car has never been easier. You can start with the year, make, and model of your car, or you can plug in the VIN or even the license plate. We'll leverage our deep vehicle transaction data to give you an accurate appraisal on the spot, and we'll never ask for your personal information.
: The value of a given Chevrolet vehicle depends on a number of factors. How old is it? What condition is it in? How many miles are on it? These are just some of the questions that need to be answered before the value of a Chevrolet can be assessed. But that's exactly what the Edmunds Appraisal tool is for. It walks you through the process step by step, and at the end, you'll have an accurate estimate of how much that Chevrolet is worth.
: Since June 2021, Edmunds has been a wholly owned subsidiary of CarMax, Inc.

Edmunds True Market Value® (TMV®) — also known as Edmunds Suggested Price — is our estimate of the current average transaction price — that is, what others are paying — for vehicles. We determine those prices based on a variety of factors, including actual transaction data from dealers. CarMax is one of the dealers from which Edmunds obtains transaction data. However, other than the incorporation of CarMax's transaction data by Edmunds into TMV® calculations, CarMax does not participate in or otherwise influence the manner in which Edmunds computes those values.

Chevrolet value appraisal

A quick guide to the Chevrolet value tool

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FAQ

Do Chevrolets hold value?

Are Chevrolets worth the money?

How can I check the value of my car?

What is a Chevrolet worth?

What is the relationship between Edmunds and CarMax?

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