The kelley blue book provides suggested retail values for a start, but dont forget to check trade in and private party values as well. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine pricing by using information from. The kelley blue book also gathers its data from a number of different sources. Most dealers do not use kbb for tradein wholesale values.
Sep 01, 20 kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote. Kbb is used more frequently and has been around since 1918, while the black book started in 1955. Unlike edmunds, however, kelley values generally cater more toward the dealer. Both books claim to be the more accurate source of used car pricing guides. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. 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. Excellent condition means that the vehicle looks new. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. 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. But each provides a sense of how much you can expect to get for trading in or selling an existing vehicle, or what it would cost to buy one. 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.
Usually, those who use one are also familiar with the other. Heres a look at just how trustworthy it is plus a comparison with the competition. What is the difference between black book value and kelly. The kelley blue book is the most popular usedcar buying guide. Kelley blue book divides the condition of used vehicles into four grades. Kelley blue book vs black book indiana andy mohr automotive the black book family of vehicle appraisal guides, widely known in the automotive industry for providing timely, independent and accurate vehicle pricing data, is published by national auto research, a division of hearst business media. The company began as the kelley kar kompany founded by les kelley in 1918. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. Why galves is the preferred choice for dealers and consumers alike. 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. Though seemingly similar, the black book and kelley blue book serve slightly different purposes. The most commonly used are the kelly blue book, and the edmunds used price guide. The company is owned by the cox automotive subsidiary of cox enterprises history. Read about their similarities and differences below, and dont hesitate to contact us if you have any questions.
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. Nada guide, black book and kelley blue book compared autoblog. They are also lower than the edmunds price guide, and the nada. Car dealers are experts when it comes to deciding a tradein price. Although the kelley blue book dates to the 1920s, it didnt publish a consumer edition until 1993. They have been around since 1918, while black book started in 1955. However, remember these comparisons can change week to week for black book, month to month for the others and definitely region to region. Black book used car values kelly black book nadaguides. The kelley blue book fair purchase software is a compilation of various transactions in all over the united states. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. The blue book started with just used car ratings and values, but evolved to include new prices.
I think kbb kelley blue book is best for purchasing the used vehicle. Instead, many rely on national auto researchs black book or. The black book, however, deals more with uptodate car sales and wholesale pricing values, so the information is more useful for car dealers. I use the kelley blue book and the black book for used car valuation. Does the kelley blue book value include the final price after. 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 eightyone years old, this guide boasts that one out of three people who buy a new or used car in the united states use this service. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Three models were used to determine what factors influence the premium over kelly blue book value or whether the car sold. The main focus of kelley blue book is the vehicles, but the company also present values for other things such as motorcycles, cars, trucks, rv, snowmobiles, atv and also individual watercraft.
Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. Their valuations are more specific than the kelley blue book. For example, as of april 2015, you can search for vehicles back to 1992. Black book and kelley blue book are both usedcar pricing guides. Kelley blue book collects its information by consistently attending and analyzing results and prices from car auctions. Read more at fred beans used where we break the numbers down. The used car prices black book and blue book values serve different purposes. 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. The black book is similar to price guides such as the kelley blue book and nada guide, but it is less wellknown.
Since 1926, kelley blue book has been one of the most trusted names in the auto industry. From these qualifications, kelly blue book sets a wholesale price. For these reasons, the black book is more widely used by dealers, and the blue book is more useful for drivers. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers. Oct 07, 20 kelley blue book gives you a general idea of what you can expect for your vehicle on the private market and can be used as a good starting point for negotiations. Future value of a vehicle to see how a car depreciates over time. 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. Sep 25, 2014 kbb is the wholesale valuations and average market valuations for the united states. Check car prices and values when buying and selling new or used vehicles. I had to use my own judgment as to whether the additional cost was justified guidance from kelly blue book would have been helpful in judging the price. Dealers can use both kelly blue book and nada values depending on their preference. Nov 17, 2014 kelley blue book often misspelled as kelly blue book collects its information by attending auctions throughout the country where it bases used car evaluations.
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. Kelley blue book or kbb is a respected used car price guide often quoted by used car dealers to demonstrate that prices of cars on their lots are fair. Our values are the results of massive amounts of data. Differing from the other car value tools used by kelley. From these auctions, they evaluate the vehicles and rate them based on four grades. Kelley blue book is an irvine, californiabased vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. 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 kelley blue book has been trusted by many buyers since 1918. Does the kelley blue book value include the final price. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. The tax one pays is based on the difference between the price of the car you purchase and the value given on your tradein, if done at a dealer. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. The kelley blue book is a car valuation guide for new and used cars from the consumers side, supplying prices of cars based on the specifications of the particular vehicle. From those, kelley blue book then sets wholesale values based on what are called front line as in traffic stopper vehicles, which also includes. The kelley blue book used car value is used on sites like autotrader. For example, in an earlier study, black book data showed lower wholesale values than the nada guide, but higher than the kelley blue book numbers. The kelley blue book has become one of the major merchandising devices of modern vehicle selling.
The kelley blue book has become one of the major merchandising devices of. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. The black book was established in 1955 by three businessmen in gainesville. You might say we literally wrote the book on car values. For example, our 2003 town car only has 19,350 miles, whereas the blue book merely lists the acceptable range as 118,000 123,000 miles with no guidelines on the effect of low miles on pricing. The black book for motorcycles is a price guide that motorcycle dealers use to determine the resale and tradein values for a motorcycle. Kelley blue book is more for the consumer to get a hold of the information. Dealership new scam, nadablue bookblack book value. Both the kelley blue book and the black book provide tradein and retail values on used cars. Nada blue book does not feature any loan or insurance information on their website. Kelley blue book how does it compare to market value. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Kbb is the wholesale valuations and average market valuations for the united states. Finding the right kelley blue book value for secondhand.
Black book values service offering differs from nadaguides in the fact that they do not offer direct to consumer services. Tradein value when you want to trade your car to a dealership. The blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. 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. Blue book value financial definition of blue book value. 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. Estimates are available for used cars in extra clean, clean, average and rough conditions. Nadaguides national appraisal guides and black book values offer vehicle valuation services based on a proprietary collection of data points and professional market analysis. The automotive black book is another valuation system for valuing cars. Canadian black book used car values this page is for personal, noncommercial use. Blue book values on the kelley website officially go back 21 years. Kelley blue book canada nada blue book, nada guide.
If your car is a year or so older than that, check the site anyway, as it sometimes has a couple of extra years in its database. 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 blue book provides acceptable mileage ranges for different years but does not provide the effect of lower mileages on vehicle pricing. It was to become the largest dealership in the world and, along the way, spawn a need for placing values on used and even new cars, known as blue book values. Since 1926, kelley blue book has been one of the bestknown names in the auto industry. 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. Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. While black book is mostly used by dealers, kelley blue book not spelled kelly blue book without the e is mostly used by individuals looking to trade in or sell their vehicles. The black book also supplies price quotes, but its main customers are car dealers who use. By 1996, consumers could visit the companys website, to find values for new and used cars.
Jan 16, 20 the blue book provides acceptable mileage ranges for different years but does not provide the effect of lower mileages on vehicle pricing. Get used car pricing and explore thousands of car listings at kelley blue book. Kelley blue book and the black book are two major resources available which can help you. The difference between kelley blue book and nada tradein. This is an as is value that does not include any warranties.
Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. Nada vs kelley blue book nada blue book, nada guide. Whats the difference between kelley blue book prices and black book prices. But, if you are living in canada, that is a different story. Kelley blue book vs black book indiana andy mohr automotive. Black book auto value by sarah brumley the kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. More qualified to compare prices of used car blue book or black book. The blue book, although being used the most, is usually thought as a little less accurate in their prices. 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 different purposes. You should take note of the three pricing categories in order for you to properly weigh choices. As a consequence, the vehicle was priced slightly above the maximum amount shown in the book for a vehicle rated as excellent. Kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote. You can still calculate values from book editions, but its easier and quicker to use the sites online tools, which give you a free value in just a couple of minutes.
Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Kelley blue book values blue book values kbb vs nadaguides. The thing is, all the resources which helps individuals such as car enthusiasts, dealers, and those who look to buy a car only refers values applicable only in the united states. 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 kelley blue book is more widely accessed by consumers than is the black book, which is subscriptionbased. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. The kelley blue book gets more traffic when it comes to being used by buyers. 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.
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