Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. Learn how to when to look up blue book and black book used car values, and the. Both the black book and the kelley blue book can help in. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. 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. 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. Its a quick way to find out the range of listed prices for your search. If youre trading in they use the mysterious black book or in my area make the mysterious phone call to a wholesaler i. Many experts believe edmunds values are more accurate than kbbs. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Black book values service offering differs from nadaguides in the fact that they do not offer direct to consumer services. On top of using actual sales, we take into account factors such as a vehicles location, color. The kelley blue book is the most popular usedcar buying guide. This is typically significantly lower than blue book trade in values.
The kbb also creates its estimates based on auction data, but it focuses more on the retail and private party resale value of cars than the black book. Edmunds prices are substantially less than kelly, maybe 20% or so. Black book is what dealers use, as well as auction values from manheim private party is an average between retail and wholesale. Black book vs kelly blue book trade in values fremont motor. 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. Select the vehicles tradein value, the future value, or the average asking price. The last guidebooks published by edmunds were released in 2006, since then edmunds has relied on a comprehensive website for publishing car prices. I was directing this more at a discussion of the differences between the sources and the price ranges, just using this car as an example. Find the black book value section on the home page. If you want to stand out with a fresh entrant in the compact luxury sedan or coupe segment, the 2015 cadillac ats enables that while. While blue book and black book dont compete directly, blue book does compete with edmunds. Hemmings works with hagerty insurance to help give you the best information regarding the current pricing of classic cars.
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. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair. 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 tradein amounts shown in either the kelley blue book or in the nada and edmunds listings. We provide black book trade in value and market value, so you can get the most out of your used car. Easily connect your product in infinite possibilities. Is black book car pricing generally higher or lower than blue book values. In realistic terms both kelley blue book kbb and edmunds give an approximation of vehicle value based. When people came to buy it they would not offer over 4k because of edmunds, almost 2k below blue book. What are the vehicle conditions used for true market value. Get a peek at the best new chrome and steel coming your way.
Learn about kelley blue book, edmunds,the black book, n. Truecar in and of itself is imo the most accurate guide for buying new and used vehicles, however they dont offer market guides in the. While edmunds no longer publishes vehicle values in print, the company does currently offer a highly rated advice book edmunds. Black book apis easily connect your product in infinite.
Nadaguides national appraisal guides and black book values offer vehicle valuation services based on a proprietary collection of data points and professional market analysis. Nada guide, black book and kelley blue book compared autoblog. I use the kelley blue book and the black book for used car valuation. Edmunds, unlike kbb, is a more accurate, albeit not the same as the hearst publications dealers use black book. In my professional opinion truecar absolutely is an excellent pricemarket guide from the consumer standpoint. The most commonly used are the kelly blue book, and the edmund s used price guide. Are the true market values on edmunds or truecar reliable. Tradein value when you want to trade your car to a dealership. Black book the kelley blue book is another car valuation guide that attempts to estimate the value of used cars. They are also lower than the edmunds price guide, and the nada. I guess i forgot to include that in my original message. Car dealers use the kelley blue book to set their retail prices. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers. In general, youll find that the kbb values are similar to those provided by edmunds.
We supply listing data to hagertys valuation team to help for the most complete available picture of pricing available. Edmunds is a great resource but isnt used by the industry as a whole. The black book is similar to price guides such as the kelley blue book and nada guide, but it is less wellknown. 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. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses.
Unlike edmunds, however, kelley values generally cater more toward the dealer. Fortunately, you may count on edmunds that becomes one of the most popular companies that gives you information about used cars pricing online since 1995. Negotiating a used car price using edmunds true market. Betterment vs wealthfront betterment vs vanguard wealthfront vs vanguard.
Black book gets its prices for used cars based on the weekly amounts that cars sell for at wholesale auctions. The history of used truck prices black book refuted. Black book used car values kelly black book nadaguides. Is edmunds similar to the black book the dealers use when determining trade in value. 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.
Using canadian black book to find the value of your car. Carmax will give you what is known as used car auction price for your vehicle. Heres how to use it to get a great deal on a new or used car. The black book for motorcycles is a price guide that motorcycle dealers use to determine the resale and tradein values for a motorcycle. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. For guidance, here are full descriptions of the five different conditions available to choose from. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. We offer free price and valuation tools where new and used car shoppers can look up the. 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. 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. Select a vehicle by choosing year, make, and postal code.
Future value of a vehicle to see how a car depreciates over time. Tacomas 20052015 started by southgaboy, dec 25, 2018. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. The kelley blue book also gathers its data from a number of different sources. When trying to determine the tradeinvalue for my vehicle in fair condition. Other guides such as kbb or nada edmunds pricing vs. Get used car values with edmunds car value appraisal tool. Find the right value to sell or purchase and never overpay again. To get the most accurate values when calculating true market value tmv pricing for a used car, make sure to select the condition that most closely matches the vehicle you are appraising. Many people use this term, along with black book or edmunds tmv. I looked at both the edmunds and kelley blue book estimated dealer costs. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years.
Heres a look at just how trustworthy it is plus a comparison with the competition. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. Dealers also use nadaguides and the black book to evaluate used cars and potential tradeins. I am a fairly new dealer in this used car business, and have faced numerous obstacles. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Black book acquires their pricing data from wholesale auctions, and retail.
Both can be valuable sources of price data as you approach the bargaining table on your next used car. Why is edmunds so much lower than kelley blue book. All black book customers get access to our developer portal, which provides developers an intuitive environment for easing the integration of black book data into your product. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell.
I am starting my used car buying research on the honda crv with the ex trim years 20032006. Kbb is frankly, for idiots and people who like to pay retail. Kelley blue book vs edmund s used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. In the long run, kelley blue book used car pricing can act as a great barometer for purchasing and selling a motor vehicle. Getting a tradein estimate for your vehicle is as easy as 123. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Edmunds prices edmunds car values edmunds car prices. Edmunds used car guide somehow, you want to buy a used car, but you have no idea the price of the car you want to buy. As for the cost they claim it costs for reconditioning, this where they receive more profit.