How is Recommended Price calculated?

Recommended Price is calculated using a pretty complicated formula. This is how it works: The Radius will only affect the price when it changes the number of competitive vehicles (1 or 2 vehicles will typically not make much of a difference). First, Days Supply is calculated. This is the # of vehicles in the market/# ofvehicles sold last month * 30. Next they calculate the % of the Median Price that the Age group of the vehicle falls into. Then they calculate the % of Median Price that the Days Supply group the vehicle falls into. Recommended Price = (Market Median Price) * (vehicle age group % of median price) * (days supply group % of median price) - MMR mileage adjustment Higher mileage results in a bigger MMR mileage adjustment being taken off the Recommended Price. If the formula gives a Recommended Price lower than the MMR Wholesale value, the MMR Wholesale value will be used. Nothing lower than MMR Wholesale will be applied to a vehicle.