Kelley Blue Book
Kelley Blue Book is an Irvine, California-based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. The company is owned by the Cox Automotive subsidiary of Cox Enterprises. History. The company began as the Kelley Kar Company founded by Les Kelley in 1918. Kelley started the company with three Model T Fords. His younger brother, Buster, worked with Kelley as a lot boy. By using data collected from the dealership, Kelley published the company’s first Blue Book in 1926, which became a standard guide in automotive trade in  determining car value. Kelley Blue Book was formed in 1926, and the Kelley family continued its dealership business in Southern California for several decades. By the 1960s, the company moved from a car dealership to a specialty publisher and focused on the production of its automobile price guide. Kelley Blue Book guide became the first publication to use mileage to determine a car's value. In 1995, Kelley Blue Book created its company website, which contained tips and pricing information from its hardcopy guide. In December 2010, Kelley Blue Book was purchased by AutoTrader.com. After its acquisition, the company operated  as a subsidiary of AutoTrader.com, Inc. In 2013, the company formed an alliance with Bitauto Holdings Ltd. to expand into China. Sponsorship. In 2014, Kelley Blue Book signed a two-year agreement with Hendrick Motorsports to be a primary sponsor of Dale Earnhardt Jr.'s No. 88 Chevrolet SS NASCAR Sprint Cup Series team. Services. The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. For both new and used automobiles, Kelley Blue Book provides a "fair market range" and "fair purchase price", based on actual transactions of  what others are paying for a vehicle and adjusted regularly as market conditions change. For new automobiles, Kelley Blue Book also provides information about a car's MSRP and dealer invoice price. For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and "5-year cost to own" information for new cars. Recognition. In 2012-2014, Harris Poll recognized Kelley Blue Book as the Online Auto Shopping Brand of the Year. In addition, the company received a  WebAward in the automotive category of Outstanding Website for two consecutive years.