Comps (Comparables)

Similar vehicles currently listed or recently sold that are used to estimate a vehicle's market value. Quality comps match on year, make, model, trim, mileage, and location.

Definition

Similar vehicles currently listed or recently sold that are used to estimate a vehicle's market value. Quality comps match on year, make, model, trim, mileage, and location.

Related Terms

Market Value

The estimated price at which a vehicle would sell in the current market, derived from comparable sales data.

Retail

The price at which vehicles are sold to end consumers, either at dealerships or through private sales. Retail prices include dealer markup and reconditioning costs.

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