Actual cash value is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss. it is the actual value for which the property could be sold, which is always less than what it would cost to replace it.

The driving range of a vehicle using only power from its electric battery pack to traverse a given driving cycle. For an electric vehicle (EV), it means the total range per charge. For a plug-in hybrid electric vehicle (PHEV), it means the range of the vehicle in charge-depleting mode.

A vehicle-based sensor device that detects other vehicles located to the driver’s side and rear.

A device for slowing or stopping a moving vehicle, typically by applying pressure to the wheels. Code Description P Power Assist P’ Power w/Front Disc P” 4 Wheel Power Disc A Anti-lock Brake System (ABS) A’ ABS w/Front Disc A” ABS w/4Wheel Disc T’ A’ w/Traction Control T” A” w/Traction Control

A radar-based autonomous emergency braking system. Often abbreviated as CMBS.

Price Digests uses condition terms to signify physical wear and damage to vehicles and equipment. Valuations default to a Good condition unless manually adjusted by a user. These conditions can vary the value significantly. The five condition levels available in the Price Digests application are: Excellent (Adds 10-15%): New Condition with no evidence of wear. […]

An automatic transmission that can change seamlessly through a continuous range of effective gear ratios. Often abbreviated as CVT.

An automobile body style that can convert between an open-air mode and an enclosed one, varying in degree and means by model. Often abbreviated as Cnvt or Conv.

A car with a body style containing two doors and a fixed roof.

A vehicle that uses a battery pack to store the electrical energy that powers the motor. EVs are sometimes referred to as battery electric vehicles (BEVs). EV batteries are charged by plugging the vehicle in to an electric power source.

A machine with moving parts that converts power into motion.  Size stated in liters. Further engine characteristics are identified using the following characters. Code Description T Turbo D Diesel R Rotary S Supercharged F Flex Fuel C Compressed Natural Gas H Hybrid Examples Last Number Number of Cylinders 2.0-4 2.0 liter displacement, 4 cylinder engine. […]

A driving support system that uses a range of functions to assist the driver in making decisions in order to provide for more safe and comfortable driving and to reduce driver fatigue. Often abbreviated as ES.

A federal or state imposed on the manufacture and distribution of certain non-essential consumer goods.

A type of trim specific to General Motors vehicles.

A vehicle powered by hydrogen fuel cells. Energy stored as hydrogen is converted to electricity by the fuel cell. They are fueled with pure hydrogen gas stored in a tank on the vehicle.

A type of trim specific to Chevrolet Corvettes.

This rating is a comparison of the tailpipe GHG emissions of the vehicle to those of other vehicles of the same model year.  The greenhouse gas score of the vehicle as set by the Environmental Protection Agency on a scale of 1 – 10.

A type of car audio system, often abbreviated to H/K.

A car body configuration with a rear door that swings upward to provide access to a cargo area. Often abbreviated to HB.

High range for what a dealer would pay for a good clean unit when accepting a trade towards a unit of greater value.

A unit of power equal in the US to 746 watts and nearly equivalent to the English gravitational unit of the same name that equals 550 foot-pounds of work per second.

A vehicle powered by an internal combustion engine in combination with one or more electric motors that use energy stored in batteries. The batteries can only be charged by the internal combustion engine and regenerative braking – this vehicle cannot be charged via a plug in.

A lowboy trailer that has additional axles mounted under the main gooseneck portion. This equipment provides for additional maneuverability and weight carrying capacity.

An electronic lock that controls access to a vehicle without using a traditional mechanical key. Abbreviated as KA.

Generally what a consumer or dealer would pay for a unit that is worn and faded and will need cosmetic and mechanical reconditioning. One can always dispose of a unit at that price level providing it is in good clean condition.

A type of transmission used in motor vehicle applications.

This is an energy efficiency metric that was introduced by the Environmental Protection Agency (EPA) in 2010 to compare the amount of energy consumed by alternative fuel vehicles to that of traditional gas-powered cars. Since electricity is not measure in gallons, a conversion factor is used to translate the fuel economy when running on electricity […]

A transparent section of the roof of an automobile, typically tinted and able to open. Abbreviated as M/R.

Manufacturer’s suggested retail price for assembled vehicle/vessel (no kits) with standard equipment. For boats, this price includes basic working sails unless otherwise noted.

A vehicle powered by compressed natural gas (CNG) or liquefied natural gas (LPG), an odorless, gaseous or liquid mixture of hydrocarbons—predominantly made up of methane. They are fueled with natural gas stored in a tank on the vehicle.

Part of the automobile controls or a third party add-on used to find direction in an automobile. Abbreviated as NAVI.

An automobile that has zero evaporative emissions from its fuel system. Abbreviated as PZEV.

A PWC (Personal Water Craft) is a small pleasure craft that uses an inboard jet drive as its primary source of propulsion and is designed to be operated by a person or persons sitting, standing, or kneeling on the PWC rather than inside the craft.

A vehicle powered by an internal combustion engine and an electric motor, which uses energy stored in batteries. PHEVs generally have larger battery packs than hybrid electric vehicles have. The batteries can be charged by an outside electric power source, by the internal combustion engine, or through regenerative braking.

Additional items added to a vehicle for luxury. Abbreviated as Prmm.

A user-defined value that adds value over the current retail value, such as an advertised selling price.

A safety device, as an air bag or special seat belt, that is activated automatically to protect an automobile passenger at the moment of impact when a collision occurs. Code Description M Manual Belts M’ Manual Belts w/Driver Air Bag M” Manual Belts w/Dual Air Bags P Passive Belts P’ Passive Belts w/Driver Air Bag […]

A guide to the probable amount a standard “as advertised” model will bring on the open market. Sold as a single unit by a dealer usually engaged in the truck business to a purchaser willing and able to buy, assuming the sale is an “arm’s length” transaction and neither party is under duress to buy […]

An open two-seat car with emphasis on sporting appearance or character. Abbreviated as Rdstr.

U.S. classification for passenger vehicle emissions. The classification is based on producing 90% less emissions than an equivalent gasoline-powered vehicle. Abbreviated as SULEV.

An automobile addition or package including upgrades such as navigation, remote start, or customized audio. Abbreviated as Tech.

A user-defined value that deducts value from retail at the time of trade-in before reconditioning and/or repairs, or any necessary activity to present a truck for retail resell.

A design of turbo diesel engines featuring turbocharging and cylinder-direct fuel injection. Abbreviated as TDI.

A type of forced-aspiration (“turbo”) engine where the fuel is pressure-injected straight into the combustion chamber in such a way as to create a stratified charge. Abbreviated as TSI.

A motor vehicle that emits extremely low levels of motor vehicle emissions compared to other vehicles. Abbreviated as ULEV.

Stands for Vehicle Identification Number.

An automotive body-style variant of a sedan with its roof extended rearward. Abbreviated as Wgn.

A probable amount a vehicle would bring without the retail dealer markup of a unit as is and where is.

The first three positions of a 17-digit VIN, identifying the manufacturing company.

A vehicle that emits no exhaust gas from the onboard source of power. Abbreviated as ZEV.