When i looked for a z3 last fall, i was surprised variation in book values between kelley, edmunds and nada. In general, youll find that the kbb values are similar to those provided by edmunds. In trying to decide on a fair price for the accord listed in my signature, im seeing very different results between kelley blue book and edmunds. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. Nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. The most commonly used are the kelly blue book, and the edmunds used price guide. They will use a number of resources, namely kelley blue book and nada tradein value, but they mainly rely on their years of experience appraising cars. Kelley blue book values blue book values kbb vs nadaguides. The kelley blue book price advisor shows you what you should pay for a new or used car based on what others have paid in your area.
The only truly accurate value guides are the ones that dealers and banks use. Keep in mind that nada usually calculates a value that is higher than kelley blue book. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Therefore, you should never use nada books for real references.
Truth about car book values learn about kelley blue book, edmunds,the black book, n. There is no doubt these sites can be a great resource. Our values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality. Nada s or kelley blue book ppt cars powerpoint ation get car values with edmunds black book vs kelly blue trade in. Such books are a necessity, since theyre a standard reference for all used and new cars within the industry. Get used car, truck and suv values with edmunds car value appraisal tool. The kelley blue book also gathers its data from a number of different sources. Sep 01, 20 nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. Nadaguides vs kelley blue book values nadaguides book value nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. All too often, however, the dealer will direct your attention to a printed price guide and often it will be the kelley blue. This is an as is value that does not include any warranties.
I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price. Other guides such as kbb or nada edmunds bases its true market value tmv estimations on actual sales transaction data of similarlyequipped vehicles in the same region. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. I looked at both the edmunds and kelley blue book estimated dealer costs.
In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. Mar 11, 2020 kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. Also look at and to see comparable cars asking prices. This is how you properly use kelley blue book to get a real idea of what someone. Negotiating a used car price using edmunds true market value. The nada blue book is the official retail price listing for the national automobile dealers. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. You can read more about nada blue book and kelley blue book here. On top of using actual sales, we take into account factors such as a vehicles location, color. It is imperative that you compare notes from the nada guide, kelley blue book, and the edmunds car values that are available online just like the nada pricing. Oct 27, 2014 edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Nada guide, black book and kelley blue book compared autoblog.
But if you check nada that price will be right on nadas or real close. In 1955, three businessmen founded black book in georgia. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. The name itself originates from an old registry which lists those of high society and was named the blue book. The bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like. Black book vs kelly blue trade in values fremont motor pany. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. Nada guides were designed for dealer members of the national automobile.
If used car values are higher in edmunds it might be good for the seller if you can convince a buyer that is what the value is. Kelly blue book is the biggest crock of shit ive ever seen. Properly evaluate your trucks price with the nada and kelley blue book. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. Nada vs kelley blue book nada blue book, nada guide. Sep, 2006 olson, theodore nada used car prices, edmunds used car prices, and kelly blue book used car prices whos right nada used car prices, edmunds used car prices, and kelly blue book used car prices whos right. The following article compares nada guide with kbb to help you determine which would help you most in your future sales or purchases, but keep in mind.
How dependable is kbb, nada, edmunds, etc for car valuation. Kelley blue book and edmunds both offer very good general reference. Book kelley blue book nada vs edmunds april 5, 2020. For almost eighty years, nada guides and kelley blue book have served as a guide for establishing price points, helping buyers and sellers fairly negotiate the. Many dealers utilize the kelley blue book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that. I always cringed when a client who totaled his car brought in the blue book to show the value of his car. The difference between kelley blue book and nada tradein. Southern california car salesman roger himmel, combines checking value of a tradein or used car purchase in kelley blue book and the nada guide, then telephoning wholesalers or other dealers to see what the value is to them. If you folks have ever watched one of my videos and its helped you, please email lanny owner of accurate engines and let. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Kelley blue book how does it compare to market value.
Get used car values with edmunds car value appraisal tool. Kelley blue book fair market range used car the fair market range for used cars is kelley blue books estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. Nada numbers come from the auctions and dealer reports. Every library where i live carries the kelley blue book that the dealers use. Check ebay motors for completed listed that actually sold. They have their own book and it is way lower that any.
Boat prices and values research new and used boat pricing, specs, photos and more for anything from power boats to personal watercraft start here. In 1918, les kelley, a businessman from arkansas, founded a car dealership with no more than three model t fords. Kelley blue book both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. Because each company uses a proprietary formula to calculate the value of the vehicle, you should compare pricing provided and refer to how each company calculates their blue book pricing when assessing the value of your car. Now in adds they will so much off kelley or edmunds. Many dealers utilize the kelley blue book guide prices for used vehicles. In 1926, les kelley created the signature kelley blue book. Nada pricing is often higher than kelley blue book since the algorithm has a standard that calls for all tradeins to be in very clean condition. The bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like the company youre dealing with, its a good deal.
Nov 17, 2014 back to the books, since each of the three value data industry leaders claim to offer the most accurate information and the best deal to buyers and sellers, aol autos decided to investigate by researching the used car values of three different types of vehicles in each of the three books, kelley blue book, black book and the nada guide. From there, buyers attempt to lower the car price from the level of the kbb. Nada used car prices, edmunds used car prices, and kelly blue. Nada used car prices, edmunds used car prices, and kelly. When buying a used car, its usually hard to know what a fair price is. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles. How to use the nada guide for determining automobile values. Many dealers utilize the kelley blue book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that level. Nada used car prices, edmunds used car prices, and kelly blue book used car prices whos right. Usually, those who use one are also familiar with the other.
Black book auto value by sarah brumley the kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Kbb vs nada vs edmunds any thoughts on which of these is the most accurate for used car values. We are talking about sites like cargurus, edmunds, kelley blue book, nada, and. If you folks have ever watched one of my videos and its helped. There are various blue book guide like nada blue book or kelley blue book who can provide you an estimated blue book value for your car. Manufacturers, wholesale auctions, franchised and independent dealers, rental companies and financial institutions are among the data sources used to calculate new and used vehicle prices. The read post nada and blue book trucks finding the value of your used truck. They have their own book and it is way lower that any of the other books. Car dealers use kelley blue book used vehicle pricing information to set used car prices and values. Edmunds true market value nada blue book, nada guide. Nadaguides national appraisal guides and kelley blue book both have a long history. The internet has been touted as the greatest resource for the used car buyer.
Search for your next used car at, the site you trust the most. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. It helps to have a trusted pricing source on your side. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country.
Kelley blue book nada vs edmunds image collections book. A guy whos interested in buying the car was telling me that kbb. Other guides such as kbb or nada edmunds pricing vs. As a result, you may need to adjust nada prices down. I really dont understand why there is such a variance with blue book. It is undeniable that edmunds has been running since many years ago and they have made so many comparisons about the pricing guide of used cars efficiently with other similar car pricing enterprises such as nada guide or kelley blue book. They could be any type of book, from the nada guide, to the famous kelley blue book. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value.
Negotiating a used car price using edmunds true market. Kelley publishes more than one price guide for used cars, but the one your dealer is likely to use is the one labeled kelley blue book auto market report official guide, the version of the. I am starting my used car buying research on the honda crv with the ex trim years 20032006. Apr 05, 2020 nada s or kelley blue book ppt cars powerpoint ation get car values with edmunds black book vs kelly blue trade in. Edges out kelley blue book in online race for car buyers. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or.
Car dealers are experts when it comes to deciding a tradein price. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. Anything you can find online will be more than whata dealer will offer you. Mar 23, 2018 kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine pricing by using information from.
The kelley blue book is the most popular usedcar buying guide. Use the average and clean values if your car looks better. Oct 07, 20 the main difference between kelley blue book and nada tradein value is the data they use. Kelley blue book or kbb is a respected used car price guide often quoted by used car dealers to demonstrate that prices of cars on their lots are fair. Kelley blue book regularly updates its motorcycle values to give consumers the pricing. These three sites and authorities are considered to be the most reliable when it comes to determining car price values. The reason for this is that nada assumes the vehicle to be in relatively good condition which in turn has earned kelley blue book the reputation for more accurately reflecting the buyers objective. Unlike edmunds, however, kelley values generally cater more toward the dealer. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources. They all use the kelley blue book for used car values when trading iin your car or buying a used car.
But, it is totally different for kelley blue book or nada guide because edmunds pricing guide is. Get used car pricing and explore thousands of car listings at kelley blue book. Car blue book kelley blue book, nada guides and provide free used car values online. Access free kelley blue book nada guide kelley blue book nada guide why should i use nada vs kbb.
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