Math

Data Collection:

The following are instructions on how to collect data using Kelly Blue Book. Note that you may

not use the data collected in this example in your report:

o Go to http://www.kbb.com

o Click on the tab “Price New/Used” on top of the page

o Under “Select a Vehicle,” select the make and model of your chosen car and click on

“Next”

o Under “Select a Year,” choose the latest model of your car (2018 in our Chevrolet

example)

o Under “Select a Style,” choose the style that you are considering to purchase (LT in our

Chevrolet example)

o Under “Select Options,” click on the tab “Price Without Added Options”

o Record the “Fair Purchase Price” (Note: in our example, this is the Fair Purchase price of

a new 2018 Chevrolet Traverse LT)

o The go to the top of the page and click on the scroll down menu in a window showing

the year (the latest model) of your new car

o In the scroll down menu, go to “Used” and click on the previous year (in our Chevrolet

example, click on “2017” under “Used”)

o Record the “Fair Purchase Price” (Note: this is the Fair Purchase price of a used 2017

Chevrolet Traverse LT. So this is the Fair Purchase price or the resale value of a car that

is 1 year old.)

o Go to the top of the page and click on the scroll down menu in a window showing the

last selected year (in our example, 2017) and choose the previous year under “Used” (in

our example, click on 2016 under “Used”)

o Record the “Fair Purchase Price” (Note: this is the Fair Purchase price of a used 2016

Chevrolet Traverse LT. So this is the Fair Purchase price or the resale value of a car that

is 2 years old.)

o Repeat this process until you collect the Fair Purchase price for 10 consecutive years (in

our example, we would collect the data for years 2009-2018

Note:

In earlier years, the model (EX, DX, LT, etc.) of your car may not exist. In this case choose the

same relative model. For example, if you choose a 2016 Honda Civic EX-T, this is the high

level sporty model. In 2008, the Honda Civic Si appears to be the equivalent model, so find

the used price for this model.