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U.S. Patent No. 12,236,477 — Patented Automotive Data Standardization Technology
OAV

2023 Kia Rio S

2023 Kia RioView this vehicle at carmax rivergate →

Vehicle Details

VIN3KPA24AD3PE520704
TrimS
Exterior ColorGray
DrivetrainFWD
Engine1.6L I4
TransmissionAutomatic
Fuel TypeUnleaded
Inventory Typeused
Days on Lot10

S

Overpriced
$18,49848,784 mi

Nashville, TN 37115

Is this 2023 Kia Rio S a good deal?

OAV verdict: Overpriced

Why: Listed at $18,498, comparable market range $13,449–$17,800, based on 63 comparable listings. Listed 10 days.

Market price position

$18,498 · $698 above market high

Comparable range
$13,449 – $17,800
vs. market high
+ $698 (4% above)
Comparable vehicles
63

Market Retail Price (MRP™)

$15,625

This vehicle $18,498 · $2,873 (18%) above MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$16,271

This vehicle $18,498 · $2,227 (14%) above TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-09-22) — an estimate, not an appraisal. How TRV works.

Comparable vehicles nationally recently sold in an estimated 835 days.

What does Demand-Verified mean?

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Regional Range$13,449 – $17,800

Carmax Rivergate

Nashville, TN

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OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2023 Kia Rio

Listing updated: Sep 22, 2026

Listed by an independent dealer in Nashville, TN · On lot for 10 days · VIN verifiable at NHTSA

This used 2023 Kia Rio S is listed at $18,498 by carmax rivergate in Nashville, TN 37115. It has 48,784 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Gray. It features a FWD drivetrain with a 1.6L I4 engine and Automatic transmission.

OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as Overpriced — priced above the supported comparable range. Based on 63 comparable listings matched to this vehicle, the estimated market range is $13,449 to $17,800. These comparisons match year, make, and model, using trim where the data supports it. OAV does not adjust comparable prices for mileage — every price shown is the real advertised price. On used vehicles, mileage can still cause OAV to withhold a verdict — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than call it a deal it can't support.

This vehicle has been on the lot for 10 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477). Verdict methodology ptm-verdict-v1 · snapshot Sep 22, 2026. The patented comparable band is the input; ptm-verdict-v1 is the versioned OAV rule set that turns it into this verdict.

Market context

This listing is part of OAV's broader Nashville, TN sedans market analysis. OAV compares vehicles by local and regional price-to-market ranges and comparable count; days-on-lot and demand signals are shown separately, not as verdict inputs.

How this deal is rated

OAV compares this 2023 Kia Rio against similar vehicles currently available for sale — same make, model, and year range, using trim where the data supports it. OAV does not adjust comparable prices for mileage; on used vehicles it withholds a verdict when mileage would distort the comparison — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than overstate a deal. Based on where this listing falls in that comparable set, it is rated:

  • Great Deal — priced below the comparable-range floor by a meaningful margin (OAV's minimum-gap rule); a listing below the floor by less than that margin is Fair Price.
  • Fair Price — priced within the expected range for comparable vehicles.
  • Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners can surface additional verification signals, but commercial participation never changes a listing's Price-to-Market verdict, eligibility, ranking, or confidence.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Nashville, TN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 3KPA24AD3PE520704 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles.

2023 Kia Rio Market in TN

TN Market Listings

18

Average Price

$15,672

Price Range

$8,720–$18,498

Avg Days on Lot

41

Based on all 18 2021-2025 Kia Rio listings in the TN market, the average asking price is $15,672. This listing at $18,498 is $2,826 above the broader TN average (18% above the TN average). This is a wider, all-trim comparison across TN; OAV's price verdict above uses the closer comparable set. Comparable prices in TN range from $8,720 to $18,498. Similar vehicles spend an average of 41 days on dealer lots in this market.

Similar Kia Rio Listings in TN

8 similar listings shown (closest matches within ±2 model years) and ±30,000 miles (subject trim: S — compare trims below)

This is a broad, statewide same-model set (any trim, mileage, or title) — not the qualified comparable cohort behind the verdict above; lower prices here typically reflect a different trim, higher mileage, or a branded title.