The most commonly used are the kelly blue book, and the edmunds used price guide. And with black book cherry it eliminates those issues saving my time, headaches, and money. Nada blue book value of used cars nada blue book, nada. These are wholesale value what its worth to a dealer as a trade in of used cars. In the past, most car insurance companies used the kelley blue book as the standard for car values.
Nadaguides vs blackbook values nadaguides book value. 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. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Edmunds has detailed price information for the used 2005 dodge neon sedan. Future value of a vehicle to see how a car depreciates over time. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. Surprisingly, its been around since 1955 and was introduced by the national auto research division of hearst business media corporation. 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.
Without any doubt, used car buyers use either black book or blue book to compare used car prices. It is an industry guideline that car dealerships use in order to determine a purchase price when buying or selling a car. Used car dealer in williamstown, nj 08094 drivetime. Kelley blue book often misspelled as kelly blue book collects its information by attending auctions throughout the country where it bases used car evaluations. Save money on used 2005 dodge neon sedan models near you. New car, used car, residual values plus other information is prepared and made available in spreadsheet or delimited text format. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate, quasiconsumertoconsumer value. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. This is an as is value that does not include any warranties. Analysed and set into a realworld context, black book valuations are trusted by the industry for their precision, validity and credibility. When buying or selling a used car you often hear fair market value and wholesale value. Find detailed gas mileage information, insurance estimates, and. Kelley blue book gets price data from the same places as black book, along with new and used car dealerships. 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.
Check and compare car prices to help you find the vehicle with the most value for your money using cars. At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot. 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. If you bring your car to a dealership for a tradein, youll receive 2 values instead. Kelley blue book is the most commonly known means to get an estimated value of a vehicle. Unlike edmunds, however, kelley values generally cater more toward the dealer. 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 books. 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 and potential risks. Canada has also their version of americas kelley blue book but with slight difference in content.
I use the kelley blue book and the black book for used car valuation. Download it once and read it on your kindle device, pc, phones or tablets. If you have recently decided to trade your car in or purchase a used car then you have probably heard a few new terms. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. Car prices and values for trucks and suvs canadian black book. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which is typically higher than tradein value. The retail blue book value, as defined by kelley blue book kbb is their suggested retail value msrp for used cars and is the expected starting price for a used vehicle that has been fully reconditioned and is available for sale by a car dealer. Black books wholesale average is a benchmark value for used vehicles selling in the wholesale auctions with the vehicle quality in average condition. If you plan to purchase a used car or to sell a car you own, youll need to be familiar with used retail price strategies and fair pricing levels in your area. Usually, those who use one are also familiar with the other.
The index is weighted based on used vehicle registration volume and adjusted for vehicle age, mileage, condition, and inflation msrp. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. While blue book and black book dont compete directly, blue book does compete with. Most video games for playstation, xbox and similar consoles are stored and sold on black book discs. Found within the lineup are used audi cars like the audi a4. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell. More qualified to compare prices of used car blue book. Shop with edmunds for perks and special offers on used cars, trucks, and suvs near moses lake, wa. Ultimately, whether its black book or kelley blue book used car values, your tradein value is dependent on several factors including make, model, year, condition, accessories and. Nada guide, black book and kelley blue book compared autoblog. But it may be best to look at the canadian black book or canadas red book for a more official list of a cars value since this is what companies handling insurance and banks use. More consumers rely on the kelley blue book, but both can provide helpful pricing information.
To find the black book value of your new or used car, simply follow the link below. To understand what you should be offered for your old car or pay for a used car, make yourself familiar with some of the commonly used terms. The kelley blue book also gathers its data from a number of different sources. Keep reading to find out all about the 2 main sources for used car, truck and other vehicle pricing. Used vehicle retention index black book used car values. Some of them just believe one book, but others just use both of them to ensure that they choose the right one. Using canadian black book to find the value of your car. If you want to get a value assessment for a vehicle anywhere between 17 and 22 years old, your. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Use features like bookmarks, note taking and highlighting while reading black book. The black book, like kelley blue book, provides a value for different used car makes and models so car dealers will know how much a vehicle is worth. Those values had been provided by kelley blue book. The kelley blue book gets more traffic when it comes to being used by buyers. Tradein value is what you could expect to receive if you traded a particular vehicle in at a car dealership for another car.
When buying a used car, its usually hard to know what a fair price is. Other books determine the value of a vehicle by its appraised value. To send to multiple addresses, separate each address with a comma. We offer free price and valuation tools where new and used car shoppers can look up the. 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. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Nadaguides national appraisal guides and black book values offer vehicle valuation services based on a proprietary collection of data points and professional market analysis. A longrunning and popular body style among car buyers around the world, the sedan adapts nicely to almost any automotive lifestyle. Black book used car values kelly black book nadaguides.
The black book is also popular, though not as old, as it was started. The biggest issue has been locating, assessing, and evaluating inventory. Each of them is worth reading, though buyers are urged to. Kbb has been around for more than 80 years, and is far and away the most widely known and recognized provider of used auto values. Once a brand on the brink, audi has enjoyed a resurgence thanks to a wide range of products that rival the best of germany and japan. As a matter of fact, each book offers different guides for used car buyers. Knowing your vehicles tradein value before you visit your new car dealer is essential, as you wont be able to effectively negotiate your current car s appraisal value without it. This service helps you attain and compare used car tradein values for vehicles up to 14 years old.
Sep 25, 2014 kbb is the wholesale valuations and average market valuations for the united states. At one time the blue book value was a used car insiders term like cream puff or. Plus, it updates its information weekly, while black book updates it daily. Blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. The best tool to determine your cars value car news. The black book car values are calculated by comparing the actual sale prices for a vehicle. Mar 28, 2017 there is more than one kelley blue book price guide for used cars. However, the black book is now rising in popularity among everyone looking to sell or buy. The book value of your car is the average value that your car is worth when trading in or selling your car. About the kelley blue book value on used cars sapling. Many people want an answer to the question of what is the blue book value of my car. Black book provides the most frequently updated wholesale values of used cars. Black book used car values automotive data with black book. 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.
The 1st is the manheim market report, which provides an average price for your car at auctions. The blue book uses several sources of information for value assessment that are not publicly available. From those, kelley blue book then sets wholesale values based on what are called front line as in traffic stopper vehicles, which also includes costs for reconditioning, transportation and auction fees. Blue book airplane atv auto boat camper car classic car dump truck. 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.
The kelley blue book is the most popular usedcar buying guide. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Black book values service offering differs from nadaguides in the fact that they do not offer direct to consumer services. Find out how kelley blue book can make selecting and getting a good deal on your dream car a cinch. Nov 12, 2007 kelley blue book is a guide that most lenders use to see if the value is more than the loan amount being requested. However, a more accurate guage of the value of a given car can be mirrored in sales on auction sites like ebay. Find out what your car is worth at, the trusted resource for used car values. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Youll get full access to resources that can help you prepare for a private sale or a trip to the dealership, negotiate the best deal possible. Truecar, which has always provided reliable upfront pricing and market information on new autos, has reached a partnership agreement with black book to include black book trade in values on truecars newly launched used car information portal. An optical disc that does not follow the standards for dvd, cd or bluray players. Both books claim to be the more accurate source of used car pricing guides. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Edmunds, an autoinformation publisher, notes that auto dealers are likely to use the kelley blue book auto market report official guide.
Car values vary depending on year,make,mileage and condition so any published value guide is just that a guide, not accuratereliable source for valuation. Mar 29, 2009 blue book does not contain auto values at all but is more of an all seasons publication that publishes values for boats, atvs, trailers, motorcycles, skidoos etc. Usedcar shoppers should be on the lookout for that guide because its the one dealers show shoppers to compare vehicle prices. Data black book acquires their pricing data from wholesale auctions, and retail. Car book value get the estimated book value of any car. Potential problems with blue book values include a delay as price information is assessed, the consumer tendency to overrate the value of the car they are selling. Black book vs kelly blue book trade in values fremont motor. The blue book started with just used car ratings and values, but evolved to include new prices.
Estimates are available for used cars in extra clean, clean, average and rough conditions. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. 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. The kelley blue book is a car valuation guide for new and used cars from the consumers side, supplying prices of cars. What is the difference between kelley blue book and kelley. Looking for the book value of a car in south africa. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known.
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. Kbb is the wholesale valuations and average market valuations for the united states. Both the kelley blue book and the black book provide tradein and retail values on used cars. The nada blue book value of a car is generally regarded by most as an accurate and fair representation of the state and condition of the car. The idea here is were just trying to gather information to have an accurate valuation of the truck. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. For the most part, dealerships use the kelley blue book when selling cars, but not when buying them. If youre selling a used car, you need to know how much it is worth. Used 2005 dodge neon sedan pricing for sale edmunds. If you need the answer to this question, you can find it by going to the kelley blue book website or other websites such as, that help consumers figure out the potential value of their car or truck. Whats a good price on a used 2006 nissan xterra suv. By providing current car values as well as forecasting predictions, black book values is uniquely positioned as an onestopshop for businesses that need to accurately manage and weigh risks associated with their physical inventories and. Get your cars value instantly kelley blue book will value your car online in minutes.
When it comes to buying or selling a car, its important to take advantage of the tools available for you. Both the black book and the kelley blue book can help in. The canadian blue book is a guide to pricing on older atvs, motorcycles and snowmobiles dating back to 1977. What is a more accurate guide for finding used car values. There are two valuable sources for gathering information about the value of your used car. Blue book is a consumer guide that makes money from web advertising. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. The blue book, although being used the most, is usually thought as a little less accurate in their prices. They have been around since 1918, while black book started in 1955. This blue book uses over 500,000 data points when calculating the value of a vehicle. The blue book rates the condition of a used car as excellent, good, fair or poor, whereas the black book grades used car condition as clean, average or rough.
Kelley blue book how does it compare to market value. Kelley blue book values blue book values kbb vs nadaguides. Knowing the fair market value will give you negotiating power when youre actually at the dealership. 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 tradein is either going to retail the car more profit or push it back through the auto auctions, often at a loss. Canadian black book provides free car values, new and used car prices, and vehicle listings. Tradein value when you want to trade your car to a dealership. By providing a 100% fill of values, we ensure there are no gaps in the vehicle valuation data. Jul 19, 2008 though nada and kelly blue book are technically the official word when it comes to used car prices. The main difference besides being priced out in us currency is that the kelley blue book also covers motorcycles, where as in canada you would need to refer to the canadian blue book to find values for motorcycles. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. Premium vectors 10% off all shutterstock plans with coupon code domainvector. Nadaguides vs kelley blue book values nadaguides book value. Both can be valuable sources of price data as you approach the bargaining table on your next used car. Our williamstown dealership has a wide selection of used cars, trucks and suvs. Canadian black book value nada blue book, nada guide. Used 2006 nissan xterra suv pricing for sale edmunds. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995.
Black book is sold to industry insiders, and its values are based on car auction prices. Whether you are a single person or part of a family of five, a sedan provides several useful features such as four doors and a separate trunk. Dealership new scam, nadablue bookblack book value. When determining a reasonable price to expect to spend or charge for a used car, youll find that knowledge of the blue book value of the vehicle, as well as an understanding of the original msrp for the car, will prove helpful in your. Black book weekly values lite black book used car values. And while they both provide tradein and retail values on used cars, kelley blue book also provides numbers on new cars and privateparty sales. Your cars book value is affected by several factors. 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.
The used car prices black book and blue book values serve different purposes. If the dealer pushes you past your maximum price, or past the fair market value, you know. Their website, is one of the most popular auto sites online, and their values are used and accepted widely by consumers, dealers, and related entities finance, insurance, and government. The black book was established in 1955 by three businessmen in gainesville.