In this guide to car valuation, we cover how valuation works, depreciation, and how to get the most value out of your car.
Value my car for free
We analyse hundreds of thousands of cars to calculate the CarGurus Instant Market Value and estimated part exchange value of any car.
CarGurus is the leading online automotive marketplace that helps consumers find great deals and connect with top-rated dealers. We calculate the CarGurus Instant Market Value of every car by using proprietary algorithms that analyse hundreds of thousands of used cars. We then pair IMV data with dealership ratings to give each used car a deal rating from “great” to “overpriced”, sorting the best deals first.
What is CarGurus Instant Market Value (IMV)?
The CarGurus Instant Market Value (IMV) is an estimated fair retail price for a vehicle based on a detailed analysis of comparable current and previous car listings in your search area.
We compute and update our car value calculations daily using a complex algorithm that takes into account millions of data points including make, model, trim, year, mileage, options and vehicle history.
- Our IMV algorithm is continuously updated to keep it on the cutting edge of market trends, ensuring CarGurus is among the leaders in data-driven car valuation.
- We combine our IMV insights with dealer reviews from real car-buyers to give each car a deal rating from Great to Overpriced.
- Unbiased listings. we make it easy to find great deals from top-rated dealers by always sorting listings to show the best deals first.