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 value of new and used cars. The second option is the canadian black book which is commonly used by insurance companies and banks. Get the kelley blue book value for your used car or tradein vehicle, find. A highly popular body style in the 1990s, suvs are easier to find in the used car market. How to use the nada blue book value to estimate the actual. They have been around since 1918, while black book started in 1955. Black book used car values automotive data with black book.
Jan 26, 2010 strongsville, oh prweb january 26, 2010 vin hunter, llc is proud to announce the release of vin hunter pro, a mobile application that gives automotive professionals access carfax, black book daily, and nada information from their apple iphone and ipod touch. I use the kelley blue book and the black book for used car valuation. The 52yearold, widely used black book guide is circulation controlled, restricted to dealers and financing sources. Black book apis easily connect your product in infinite. What is the best resource for used car values, clearbook. Private seller or black book which is the true used car value. The kelley blue book has become one of the major merchandising devices of modern vehicle selling. Visit canadian black book and select a make and a model to find the right car that suits your need. Work the book, black book, nada, kelly, free car dealer training trying to understand all the books can be a challenge, and also cause you to pay to much or undersell inventory car. Knowing your tradeins value before you visit your new car dealer is essential.
As we reach the halfway point of 2019, a basic analysis of the cpo market shows a solid if unremarkable performance. Used car pricing how do i know what is the actual fair. New car prices and used car book values nadaguides. Find out what your car is worth at, the trusted resource for used car values. Both the kelley blue book and the black book provide tradein and retail values on used cars. Car blue book kelley blue book, nada guides and provide free used car values online. Check to see if there are repetitive problems, such as serious and expensive issues with the transmission or engine. Find the right value to sell or purchase and never overpay again. Download free nada price guide used cars nada price guide used cars used car pricing how do i know what is the actual fair market value of my car kelly blue book, nada, private seller or black book which is the true. There is way more than meets the eye when it comes to understanding the certified preowned cpo environment. Kelley blue book new and used car price values, expert. Find prices and values for all car bodystyles below.
Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Get used car values with edmunds car value appraisal tool. Black book updates their used car prices on a weekly basis. Black book used car values kelly black book nadaguides. Get a peek at the best new chrome and steel coming your way. Apr 03, 2014 how to use the nada blue book value to estimate the actual value of a used car april 3, 2014 december 9, 2015 james bourland if youre looking for a reasonable tradein value for your car, then your best choice to start with is the national automobile dealers association or nada.
New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have relied on black book since 1955. I just did a quick post talking about how the kelly blue book can be used for market research and how you can profit big by using it the correct way. From used car lots to new car dealers, they all claim to sell cars at or below blue book while buying your tradein well above blue book. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. We provide black book trade in value and market value, so you can get the most out of your used car. The used car prices black book and blue book values serve different purposes. Canadian black book takes into consideration the kilometers it accumulated, its appearance, and the mechanical condition of the car. Black book provides values for both new and used vehicles, including cars, light trucks, and collectible vehicles produced since 1946, motorcycles, atvs, snowmobiles, personal watercraft, and heavy duty commercial. Get used car pricing and explore thousands of car listings at kelley blue book. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Black books are the most accurate as they reflect actual dealer auction prices as opposed to theoretical prices of nada or kbb. Arlena sawyers black book, best known for its wholesale usedvehicle values, is now the official valuation service for cars.
Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. The kelley blue book gets more traffic when it comes to being used by buyers. Learn about kelley blue book, edmunds,the black book, n. Ford geo gmc honda hummer hyundai infiniti isuzu jaguar. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. High mileage, vehicle damage, and the cost to recondition your car for resale all have an impact on the overall value of your car. Kelley blue book canada pricing used cars in canada it is commons sense to look up the kelley blue book or any other blue book on the internet when in the market looking for a cars value. Power valuation services product announcements, updates and company news. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Nada guides is the leader in accurate vehicle pricing and vehicle information. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. 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.
Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to understand your car s. Get used car, truck and suv values with edmunds car value appraisal tool. Feb 28, 2020 the kelley blue bookand its equally popular websiteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Theres no such thing as exact pricing when it comes to a used car tradein value. Unfortunately, the authentic sources those that list actual transaction prices arent available to the public.
And with black book cherry it eliminates those issues saving my time, headaches, and money. Suvs would still remain attractive to drivers wanting a fullfledged fourwheel drive system andor. I am a fairly new dealer in this used car business, and have faced numerous obstacles. Dealership new scam, nadablue bookblack book value. Work the book, black book, nada, kelly, free car dealer. 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. Black book, best known for its wholesale usedvehicle values, is now the official valuation service for cars. Value a car new cars, used cars find cars for sale and. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Kelly blue book, nada, private seller or black book which is the true used car value. Jun 11, 2009 most dealers use black book to value used cars. Acura alfa romeo amc audi bmw buick cadillac chevrolet. Research the latest new car prices and used car book value.
Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Automotive data with black book powering the auto industry with. Nov 25, 2019 ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in. It helps to have a trusted pricing source on your side. 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.
Both books claim to be the more accurate source of used car pricing guides. Black book weekly values lite black book used car values. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to its heavy dependency from financial institutions in regards to loan originations. The kelley blue book and its equally popular websiteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. 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. Begin by selecting your manufacturer or body style. 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.
May 02, 20 i just did a quick post talking about how the kelly blue book can be used for market research and how you can profit big by using it the correct way. Vin hunter pro combines the power of carfax, black book, and. Which guide do most car dealerships use to price there. Therefore, you should never use nada books for real references. Nadaguides national appraisal guides and black book values offer vehicle valuation services. 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. Frequent updates allows for faster response to market fluctuations. Canadian black book provides free car values, new and used car prices, and vehicle listings.
Today, many buyers opt for crossover vehicles over suvs desiring a more carlike ride and lower center of gravity. From used car lots to new car dealers, they all claim to sell cars at or below blue book while. More qualified to compare prices of used car blue book or black book. But, if you are living in canada, that is a different story. Ask the dealer or owner to show you a vehicle history report like carfax or autocheck. New car pricing and used car values research the latest new car prices and used car book value. 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. Search for your next used car at, the site you trust the most.
Estimates are available for used cars in extra clean, clean, average and rough conditions. The values registered in the canadian black book are based on the auctions across the country. The biggest issue has been locating, assessing, and evaluating inventory. They are also lower than the edmunds price guide, and the nada. Black book replaces kbb as s usedvehicle value provider. Easily connect your product in infinite possibilities. Kelley blue book canada nada guide nada book value. 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. Nada guide, black book and kelley blue book compared autoblog.