The difference between kelley blue book and nada tradein. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate. They will use a number of resources, namely kelley blue book and nada trade in value, but they mainly rely on their years of experience appraising cars. Kbb offers news articles regarding tips for buying and selling vehicles, among other things.
It specializes in estimating the wholesale value of vehicles, which dealers can use to ensure that they make a profit when buying and selling used cars. Other value books dissect value based on trade in, private party, or retail numbers, black book centers their attention on wholesale values with the use of these categories. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. The black book is usually a culmination of values from the dealer auctions. Sep 01, 20 nada book provides listings and information on a range of vehicles, from new vehicles, motorcycles and atvs, classic cars, boats, and mobile homes. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Kelley blue book and the black book are two major resources available which. The kelley blue book has been trusted by many buyers since 1918. Canadian black book provides free car values, new and used car prices, and vehicle listings. Kelley blue book how does it compare to market value. The black book is also popular, though not as old, as it was started.
Both the black book and the kelley blue book can help in. Both the kelley blue book and the black book provide trade in and retail values on used cars. The guide not only lists the value of new vehicles, but it also lists used car values. 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. The origins of kelley blue book date back more than eighty years, when a young car salesman from california, les kelley, began compiling a list of car prices as a tool for helping him evaluate vehicle value. What is the difference between black book value and kelly.
They are also lower than the edmunds price guide, and the nada. The used car prices black book and blue book values serve different purposes. Is black book car pricing generally higher or lower than blue book values. When it comes to buying or selling a car, its important to take advantage of the tools. The kelley blue book price is a trademarked car valuation from kbb. Dealership new scam, nadablue bookblack book value. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Dec 12, 2019 trade in value is the price that a car dealer is willing to give you for your old car when you buy another model.
What is the difference between black book value and kelly blue book value. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue book mania. A dealer paying blue book for a trade in is either going to retail the car more profit or push it back through the auto auctions, often at a loss. However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black book s. The actual trade in and retail values vary depending on the website, so the best way to arrive at realistic values is by averaging the prices. Dec 31, 2019 used truck prices black book typestrucks. The reason for the lower amount is the dealer may need to repair or make other modifications to the car before placing it for sale on the used car lot. Powered by canadian black book the industry leader in residual values for more than 55 years it takes just a minute to get the tradein value estimate for your vehicle. Both books claim to be the more accurate source of used car pricing guides. The biggest issue has been locating, assessing, and evaluating inventory. Trade in and retail are two values that car dealers apply to used vehicles. Kelley blue book regularly updates its motorcycle values to give consumers the pricing.
Mar 02, 2020 the term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. Black book apis easily connect your product in infinite. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Kelley blue book reports used car values for a variety of buying and selling transactions. A car buyer can find these values on a number of vehicle valuation websites. Knowing your tradeins value before you visit your new car dealer is essential. Black book weekly values lite black book used car values. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. Whats the difference between kelley blue book prices and black book prices. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car. Getting a tradein estimate for your vehicle is as easy as 123.
Kelley blue book we use real values of local cars for sale by other franchised dealers to provide a more accurate instant market value estimate of your used car. Car book value get the estimated book value of any car in. Kelley blue book is probably best known for trade in values and private party values for the car you already have. We offer free price and valuation tools where new and used car shoppers can look up the. Both kelley blue book and black book gather data points from auctions, banks and. Whats my car worth used car trade in values and resale values. Of course carmax and any other dealer is going to offer less than retail for a car. Redbook is the preeminent provider of car prices, values, vehicle identification and pricing information in australia and the asia pacific region. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. The history of used truck prices black book refuted. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground.
I use the kelley blue book and the black book for used car. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell. Find out what your car is worth at, the trusted resource for used car values. They have been around since 1918, while black book. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current cars appraisal value. They have been around since 1918, while black book started in 1955. This valuewhich is based on sales data, auctions, brand equity, and the pricing of similar vehicles across canadais the most accurate estimate a consumer is likely to find. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Learn how to when to look up blue book and black book used car values, and. As a thrifty car shopper, you may have heard dealers refer to a cars blue book value or learned of a reference guide called the black book as you hunted for used car deals. This is because the black book receives prices for used vehicles based on 50 weekly auctions, where they calculate an average, and update that every week. Theyre all terms used to describe the estimated market.
Accu trade target and engage online shoppers with instant trade. In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. Black book used car values kelly black book nadaguides. Black book vs kelly blue book trade in values fremont motor. When buying or selling a used car, many people rely on the kelley blue book kbb. Kelley blue book tradein range the tradein range is kelley blue books estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer.
Blue book used car values are determined by taking into consideration the equipment and options. Fair market value is the price a reasonably informed buyer is willing to pay for a car, house or another item. You know that if the cost of the repairs is more than the kelly blue book value that they will total out your car and give you that value in cash. Both the kelley blue book and the black book provide tradein and retail values on used cars. Research the latest new car prices, deals, used car values, specs and more. Includes a standard questionnaire that can be adjusted to fit your use case. Blue book can help in finding wholesale prices for new or used vehicles, but if. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Selling privately, youre unlikely to get the kelley blue book trade in price, but that doesnt mean youre getting a bad deal, simply a fair market price. How carmaxs usedcar prices compare to kelley blue book. However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black book.
Many people use this term, along with black book or edmunds tmv. Kelley blue book kbb is an automotive shopping site. Data black book acquires their pricing data from wholesale auctions, and retail. It is one of many tools used by car dealers to determine car values for their inventory. The main difference between kelley blue book and nada trade in value is the data they use. The kelley blue book used car value is used on sites like autotrader. In most cases, you may be interested in a new car but do not. At one time the blue book value was a used car insiders term like cream puff or. Are you looking to sell your vehicle or trade it in. They can add more damage to the car then just the repairs and bring the total in over the kelley blue book. Guidebooks galves printed books list the last 12 years of vehicle pricing data find out more. Get the kelley blue book value for your used car or trade in vehicle, find tools to help you with buying. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price.
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. Other value books dissect value based on tradein, private party, or retail. Dealers can use both kelly blue book and nada values depending on their preference. When it comes to realizing the blue book price when selling a used car. Nada guides is the leader in accurate vehicle pricing and vehicle information. In the long run, kelley blue book used car pricing can act as a great barometer for purchasing and selling a motor vehicle. Nada guide, black book and kelley blue book compared autoblog. Dittoimage sourcegetty images black book and kelley blue book are both used car pricing guides.
Data services vin decoding, vehicle lookup and accurate vehicle valuation using our simple rest api. Nada vs kelley blue book nada guide nada book value. Oct 07, 20 car dealers are experts when it comes to deciding a trade in price. Looking for the book value of a car in south africa.
For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. We provide black book trade in value and market value, so you can get the most out of your used car. The kelley blue book and black book both claim to be the most accurate source of information when it comes to pricing used cars, but they actually serve different purposes. I use the kelley blue book and the black book for used car valuation.
Their pricing and value data includes statistical analysis that allows for current and timesensitive changes in historical valuation to be easily understood resulting in reliable predictors of values. Getting a trade in estimate for your vehicle is as easy as 123. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. I chose to trade in versus selling it myself because its more of a hassle to try to find someone to sell it to, haggling about prices, can you add this, can you take away that. The black book is one of the main sources of data car dealers use to set prices for used cars and trade ins. The best tool to determine your cars value car news auto123. Both can be valuable sources of price data as you approach the bargaining table on your next used car. When it comes to selling your car, you want the best price you can get, and studies have shown that black book car pricing, on average, are lower than the trade in amounts shown in either the kelley blue book or in the nada and edmunds listings. However, every dealer is different and values are not guaranteed. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Ultimately, whether its black book or kelley blue book used car values, your trade in value is dependent on several factors including make, model, year, condition, accessories and mileage.
And, blue book value doesnt mean that is what your car is going to sell for there are market factors that vary the final sales price of a car. Trade in value when you want to trade your car to a dealership. Whether youre buying or selling a car, truck or suv, you cant. Custom trade value api our custom trade value api provides a single black book value thats been adjusted based on a users answers to your unique questions around vehicle condition. Get used car values with edmunds car value appraisal tool. Car prices and values for trucks and suvs black book values. Used car values, price guide and tradein estimator. In my prior experiences, blue book was useless as their trade in value is. Research the latest rv prices, book values and motorhome msrp prices for all rv manufacturers. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth.