Black book used car values automotive data with black book. Red book vs blue book us, world, and ancient coins ngc. Book value get the book value of your car easily and free. What is the difference between black book value and kelly. You find a used car you are interested in on a dealer s lot, and you need to figure out how much you are willing to pay for it. 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. The main difference between kelley blue book and nada tradein value is the data they use. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation. Study up the value of a classic car is always important because.
Blue book value is notably related to kelly blue book car values derived from vehicle auctions that run in the america, versus canadian black book values, which are based off of canadian auction sale prices. What is kelley blue book kbb kelley blue book or kbb for short is a guide that establishes values for used cars, trucks, suvs and other used vehicles. The blue book is the whitman book that lists dealer prices. Kbb used car values, dealers used car cost, kelley blue book. May 02, 2019 you need to understand what the book actually is. An updated version of this article is now available. The used car prices black book and blue book values serve different purposes. Black book vs kelly blue book trade in values fremont motor. The kelley blue book is a car valuation guide for new and used cars from the consumers side, supplying prices of cars. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. 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. The best tool to determine your cars value car news. Blue book is a consumer guide that makes money from web advertising.
Jan 09, 2005 the blue book is the whitman book that lists dealer prices. Other value books dissect value based on tradein, private party, or retail numbers, black book. Nadaguides has a classic car valuation search that can be quite useful in determining the value of your classic vehicle. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. The pricing deals with wholesale values and the most up to date car sales. Estimates are available for used cars in extra clean, clean, average and rough conditions. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. Difference between the red book the and black book coin talk.
Black book is sold to industry insiders, and its values are based on car auction prices. Therefore, you should never use nada books for real references. The kelley wholesale blue book value is by far the most used, of kbbs four used car values, by car dealerships, their used car managers and their finance managers. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources. The biggest issue has been locating, assessing, and evaluating inventory. Based on the vehicle condition, there are three ranges of values. Easily look up the tradein, private party and typical dealer asking price of over 60,000 different vehicle variants. 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. Kelley blue book receives realworld used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto. They are also lower than the edmunds price guide, and the nada. The difference between kelley blue book and nada tradein. Kelley blue book says that of the cars it values, 3 percent are excellent, 18 percent are fair, 23 percent are very good and 54 percent are good.
None of the blue book values youll find in their guide are set in stone. Feb 28, 2020 the kelley blue book is the most popular used car buying guide. By providing a 100% fill of values, we ensure there are no gaps in the vehicle valuation data. The blue book or the nada book is merely a report of what has sold in the last 2 weeks and what it sold for. The blackbook price guides are produced by house of collectibles, not whitman and are not associated with the red or blue books. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell. 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. Get used car, truck and suv values with edmunds car value appraisal tool. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Kelley wholesale blue book value, kbb used car invoice. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to. Kelley blue book how does it compare to market value. It collects data from wholesale auctions it attends in person or online, applies mathematical adjustments and compares them against dealer advertised prices.
Do dealers use the kelley blue book value when your. The black book claims that it visits 60 auctions nationwide every week to gather the most uptodate information on used car values. How does kelley blue book determine the value for a given. It is not only the most important value to dealers, but is the most important value to the consumer as well. 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. In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. The black book on the other hand, is a dealer driven book. Kelley blue book used classic car values if you are a fan of a classic car to collect or purchase, you can rely on the classic car blue book. Analysed and set into a realworld context, black book valuations are trusted by the industry for their precision, validity and credibility. Red book reflects retail values, blue book reflects wholesale values, sort of. If you compare prices in both you will agree the red book will make you feel much better about your collection. By selecting the make, year, and model of vehicle, and the optional equipment, a list of values is populated along with the original msrp, if available. Black book auto value 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. Dittoimage sourcegetty images black book and kelley blue book are both usedcar pricing guides.
Dealership new scam, nadablue bookblack book value. Difference between the red book the and 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. The blue book, although being used the most, is usually thought as a little less accurate in their prices. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Our retail values are intended to represent the sale price of a clean vehicle at a car dealer.
Black book used car values kelly black book nadaguides. Oct 07, 20 car dealers are experts when it comes to deciding a tradein price. Based on the black book value of a bmw, this is the amount you can expect to receive for yourbmw if you sell it to the dealer at the same time you are purchasing a new vehicle. Years ago the red book was the collector guide and the black book was a dealer guide. The kelley blue book is the most popular usedcar buying guide.
Find out what your car is worth at, the trusted resource for used car values. And with black book cherry it eliminates those issues saving my time, headaches, and money. The blue book started with just used car ratings and values, but evolved to include new prices. Decision time may vary depending on the lender or dealer you are matched. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. The prices are collected through online or direct vehicle dealers.
They have been around since 1918, while black book started in 1955. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. 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. Both the black book and the kelley blue book can help in. Kbb used car values, dealers used car cost, kelley blue. How to find classic car blue book values it still runs. The best tool to determine your cars value car news auto123. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Kelly blue book now operates in canada, and the trade values between the 2 tools. The black book is usually a culmination of values from the dealer auctions. Kelley blue book values blue book values kbb vs nadaguides. What is the difference between black book value and kelly blue book value. Canadian black book provides their raw data that can be built directly into applications for service on the web. The kelley blue book gets more traffic when it comes to being used by buyers.
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. The main subscription that dealers use includes trade in values and information on cars and light trucks. Get used car values with edmunds car value appraisal tool. Canadian black book provides free car values, new and used car prices, and vehicle listings. 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. It is simply your best guide when it comes to making negotiations and deals. Data black book acquires their pricing data from wholesale auctions, and retail. For a versus comparison for nada blue book values visit here. 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. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Car dealers are experts when it comes to deciding a tradein price. Because of this, there are several ways that car buyers can use their website. Kelley blue book has developed, refined, and implemented thousands of complex algorithms based on extensive and continuous data research and theyve been doing it for almost 100 years.
If you want to compare it to edmunds values, kelley blue books very good would be our outstanding, good would be our clean, and fair is our rough. 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. At one time the blue book value was a used car insiders term like cream puff. Used values 23 blue book airplane atv auto boat camper car classic car dump truck fifth wheel home jet ski limousine motorcycle motorhome rv scooter semi truck snowmobile toy hauler tractor trailer travel trailer truck. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. May 12, 2012 the response quora user provided is spot on. Used car values, price guide and tradein estimator. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Both books claim to be the more accurate source of used car pricing guides. 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.
Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. New car, used car, residual values plus other information is prepared and made available in spreadsheet or delimited text format. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Black book weekly values lite black book used car values. 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. I use the kelley blue book and the black book for used car valuation.
Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or selling, and even get a cash offer from a dealer in your. Nada guide, black book and kelley blue book compared autoblog. 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. Both can be valuable sources of price data as you approach the bargaining table on your next used car. Someone i know had a much higher value on their rav4 through kelley blue book versus what the dealership said they would buy it for. Prices can be adjusted based on mileage, region, condition and optional equipment to ensure it is the most relevant for your needs. Kelley blue book reports used car values for a variety of buying and selling transactions. 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 main difference between kelley blue book and nada tradein.
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 mileage. If you are looking to tradein your car for cash to put down on another vehicle, i would first get it appraised by them and compare that to kelley blue book. You should use this to compare them to other similar services. Can i realistically get the kelley blue book price.
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