Negotiating a used car price using edmunds true market value. Get used car values with edmunds car value appraisal tool. If you want to know the latest price of a certain vehicle, then you can check it through nada guides. Whether youre trading your vehicle in at a dealer or planning to sell it. We are talking about sites like cargurus, edmunds, kelley blue book, nada, and. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. Founded in 1966 as an aid for car buyers, edmunds officially transitioned from publishing vehicle value guide books in print to publishing pricing guides online in 1995. We dont have access to how kbb calculates its prices, but at a high level. Kelley blue book and edmunds are two of the most well known used. There are various blue book guide like nada blue book or kelley blue book who can provide you an estimated blue book value for your car. Often referred to as the book value, this phrase usually refers to kelley blue book kbb.
Private parties usually have a higher price compared to tradeins. Went to the websites of edmunds, kelly blue book and nada for. Is one more accurate than the others, and how would you use them in negotiating the sale or purchase of a car. I looked at both the edmunds and kelley blue book estimated. Nada used car prices, edmunds used car prices, and kelly. The bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like the company youre dealing with, its a good deal.
Prospective buyers can find tradein, private party, and retail values in a heartbeat. A guy whos interested in buying the car was telling me that kbb. The question to consider, however, is what internet source is right. These men regularly attended dealeronly, local car auctions. The internet has been touted as the greatest resource for the used car buyer. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Kelley blue book and edmunds both offer very good general reference information when it comes to current market conditions and price levels for a particular make and model used car or truck. The most commonly used are the kelly blue book, and the edmund s used price guide. 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. The last guidebooks published by edmunds were released in 2006, since then edmunds has relied on a comprehensive website for publishing car prices. 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.
Nada also provides data to banks, finance companies, insurance companies, and government agencies. Why do edmunds and kbb give such different values on the same car. Get used car, truck and suv values with edmunds car value appraisal tool. They are also lower than the edmunds price guide, and the nada. Oct 27, 2014 edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Edmunds car values whenever you want to buy a used or new car, it is necessary to refer to edmunds pricing guide company that can compare some different guides of car pricing so that you are able to make the decision. Edmunds prices edmunds car values edmunds car prices. It has a room with sink and shower then it has a room with a toliet. On top of using actual sales, we take into account factors such as a vehicles location, color. Apr 05, 2020 kelley blue book nada vs edmunds april 5, 2020 edmunds car value determining a black book vs kelly blue trade in kelley blue book autocheck vehicle reports for fair market value of a vehicle. Therefore, you should never use nada books for real references. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships.
What is the difference between nada, kelley blue book, and. You can read more about nada blue book and kelley blue book here. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Nada, which is the national automobile dealers association, uses actual retail sales data provided by its member car dealersas there are sometimes large differences in the. You can also try similar blue book guide like nada blue book or kelley blue book for better blue book value. 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. While edmunds no longer publishes vehicle values in print, the company does currently offer a highly rated advice book s strategies for smart car buyers. When buying or selling a used car, many people rely on the kelley blue book. Individual vehicles may have an actual value that is higher or lower than the. They all use the kelley blue book for used car values when trading iin your car or buying a used car. Kelley publishes more than one price guide for used cars, but the one your dealer is likely to use is the one labeled kelley blue book auto market report official guide, the version of the. Kelley blue book nada vs edmunds image collections book. I find that i can sell a used car quickly via craigslist or similiar at the tmv.
Kelley blue book new and used car price values, expert. Edmunds true market value nada blue book, nada guide. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. In the most basic sense, kelley places a large amount of emphasis on mileage, condition, features, and popularity, while nada tends to focus on the vehicles wholesale price i. Edmunds also provides an estimate regarding the cars selling price if needed. Kellys blue book vs nada vs edmunds guide the differences. The kelley blue book also gathers its data from a number of different sources.
Kelley and edmunds are always high in their prices. People often come to us with questions about pricing from 3rd party sites. Edmunds bases its true market value tmv estimations on actual sales transaction data of similarlyequipped vehicles in the same region. In 1955, three businessmen founded black book in georgia. The difference between kelley blue book and nada tradein. The only truly accurate value guides are the ones that dealers and banks use. Today, there are many such guides, including the black book, nada price guide and others. More qualified to compare prices of used car blue book or black book. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Using nada guides to know a cars value used cars and. Negotiating a used car price using edmunds true market. Heres a look at just how trustworthy it is plus a comparison with the competition.
Black book gets its prices for used cars based on the weekly amounts that cars sell for at wholesale. Edmunds prices are substantially less than kelly, maybe 20% or so. Kbb vs nada vs edmunds at some point during the month of august the roadfly forums are going to become archive only. This means that the ability to write new posts and access various member features will go away. Kelly blue book is the biggest crock of shit ive ever seen. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price.
Unlike edmunds, however, kelley values generally cater more toward the dealer. They have their own book and it is way lower that any of the other books. Somehow, nada guide and kelley blue book are two pricing guide companies that are most preferable in knowing use cars values. The name itself originates from an old registry which lists those of high society and was named the blue book. I looked at both the edmunds and kelley blue book estimated dealer costs. 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 pricing is often higher than kelley blue book since the algorithm has a standard that calls for all tradeins to be in very clean condition. Check car prices and values when buying and selling new or used vehicles. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources.
Nada used car prices, edmunds used car prices, and kelly blue. 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. In general, youll find that the kbb values are similar to those provided by edmunds. Kelley blue book values blue book values kbb vs nadaguides. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles. 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. Kelley blue book kbb has been providing new and usedcar valuation expertise for more than 90 years. Kelley blue book new and used car price values, expert car. If used car values are higher in edmunds it might be good for the seller if you can convince a buyer that is what the value is. Every library where i live carries the kelley blue book that the dealers use.
Now in adds they will so much off kelley or edmunds. In 1926, les kelley created the signature kelley blue book. Kellys blue book vs nada vs edmunds guide the differences in blue book automotive price guides by i dint submitted on may 10, 2009 youll always feel more confident that you got the best value when selling or buying a car if your entire transaction costs are near the average amount buyers in your area usually pay for the same manufacturer. Nadaguides national appraisal guides and edmunds both have a long history. Kelley blue book both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. In trying to decide on a fair price for the accord listed in my signature, im seeing very different results between kelley blue book and edmunds. I really dont understand why there is such a variance with blue book. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. Dealers also use nadaguides and the black book to evaluate used.