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. In 1926, les kelley created the signature kelley blue book. Nov 25, 2019 kelley blue book was founded in 1926 and is the most recognizable guide to consumers and car buyers. The read post nada and blue book trucks finding the value of your used truck. The real value of the bike or car is what someone will give you right nowand theres no way to get that number out of a book. Nada guides is the leader in accurate vehicle pricing and vehicle information. For that reason, it would be wise for a dealership to at least consider kbbs retail, tradein, and fair purchase price values on each vehicle they appraise. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Feb 28, 2020 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. According to the kelly blue book website, kelley blue book does not attempt to report a value on a poor vehicle because the value of these vehicles varies greatly. Black book used car values kelly black book nadaguides. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Kelley blue book new and used car price values, expert car. 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.
Kelley blue book typically uses a set of four criteria to calculate a cars tradein value. 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. Platforms like rv trader, which help people buy and sell rvs, are also a great resource for getting an approximate value of your rig. Learn the private party value, tradein, and suggested retail price of your chosen rv. How to use the nada guide for determining automobile values. Differentiate the three by bearing in mind that trade in price indicates what youre going to pay for in an upgrade transaction.
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. Kelley blue book lists prices for private sales, tradeins, and dealership prices, so if you are the shopper who is willing to. Oct 20, 2019 simply put, the rv blue book values are books of rv evaluation which take into consideration different aspects. 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. This is an as is value that does not include any warranties. The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value.
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 gets more traffic when it comes to being used by buyers. It is imperative that you compare notes from the nada guide, kelley blue book, and the edmunds car values that are available online just like the nada pricing. Jan 07, 2010 i think kbb kelley blue book is best for purchasing the used vehicle. The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicle s value. For nada rv blue book value these aspects include the make, model and year of the rv. Since nada guide operates primarily with new vehicles, which are typically in excellent condition, they list higher values. Kelley blue book vs nada guides andy mohr auto indiana. Nada car value vs kelley blue book january 31, 2020. Mar 08, 2019 kelley blue book representatives audit these auctions on a regular basis to gather a better understanding of what the highest possible actual cash value of a given used vehicle will bring at. The thing about the nada value book is the fact that it does not include other details like enhancement, additional extras and more.
Nada blue book does not feature any loan or insurance information on their website. Kelley blue book how does it compare to market value. 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. In calculating the value of a particular vehicle, nada uses three criteria. But youre more than welcome to watch the video and form your own opinion. Car dealers are experts when it comes to deciding a tradein price. Nada has been around for over 80 years and is the premier valuation guide in the used vehicle industry. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. The kelley blue book values are sometimes lower than the nada values since the nada algorithm calls for all tradeins to be in very clean condition.
When buying or selling a used car, many people rely on the kelley blue book kbb, which has been. Get used car values with edmunds car value appraisal tool. High mileage, vehicle damage, and the cost to recondition your car for resale all have an impact on the overall value of your car. I think kbb kelley blue book is best for purchasing the used vehicle. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book representatives audit these auctions on a regular basis to gather a better understanding of what the highest possible actual cash value of a. Nada vs kelley blue book nada guide nada book value. New car prices and used car book values nadaguides. You should keep in mind that the nada bluebook only considers rv that is already in a good state or has not been used for a long. However, they do have a short criteria for what generally constitutes poor condition. But i do believe i give some pretty good reasons why you should use nada over kbb. 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.
In general, youll find that the kbb values are similar to those provided by edmunds. 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. Like other vehicle value providers, nada used car guide publishes different value types that represent values through different sales channels. 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. Kelley blue book cars fair market value of a vehicle are kelley blue book values accurate new mercedes benz models pricing are kelley blue book values accurate. Nov 05, 2007 nada has a biweekly auction report which is more accurate such as black book which is weekly. Nada has a biweekly auction report which is more accurate such as black book which is weekly. As a result, you may need to adjust nada prices down. The final sales price depends on the cars actual condition and local market factors. 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 vehicle s wholesale price i. While the companys residual value guide has been published since 1982, kelley blue book established its annual best resale value awards in 2003.
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. Dealers can use both kelly blue book and nada values depending on their preference. The used car prices black book and blue book values serve different purposes. 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. They are also lower than the edmunds price guide, and the nada. 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. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv.
They have been around since 1918, while black book started in 1955. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. As a buyer, you can use the nada rv bluebook values to define the range of prices you should pay for a particular vehicle depending on the model and the year.
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. With the guide, in its printed issues and website, consumers are able to determine accurate car values, and of course, it guides potential buyers on coming up with a good estimate on a car that theyre planning to check out and buy. How to accurately check for your rv blue book value. 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.
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. Nov 17, 2014 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. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Nada vs kelley blue book nada blue book, nada guide. 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. Apr 03, 2014 the primary organization which caters to car pricing for both secondhand and brandnew vehicles is the nada or the national automobile dealers association. The truth about car book values learn about kelley blue book, edmunds,the black book, n. By using these variables to establish a benchmark, buyers or sellers. Research the latest new car prices, deals, used car values, specs and more. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine. If you have experience valuating other vehicle types, youre probably used to heading to the kelley blue book or edmunds to get a sense of what your car or truck is worth, so you may be wondering. Whats the difference between the kelley blue book and the nada.
Can i realistically get the kelley blue book price. Nada guides vs kelley blue book nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. The black book also supplies price quotes, but its main customers are car dealers who use the listed wholesale prices as a guideline for pricing their used cars. Check car prices and values when buying and selling new or used vehicles. Use the average and clean values if your car looks better. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. We dont have access to how kbb calculates its prices, but at a high level.
The lower nada is usually the more realistic, used when buying. Now we can click on get report to receive the blue book private party value. The main difference between kelley blue book and nada tradein value is the data they use. When purchasing usedatv, there is one important thing to remember which is checking the value of the atv at kelley blue book. Kelley blue book was founded in 1926 and is the most recognizable guide to consumers and car buyers. Since 1926, kelley blue book has been one of the bestknown names in the auto industry. Nada car value vs kelley blue book image collections book. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Properly evaluate your trucks price with the nada and kelley blue book. Many people look at the book as the difinitive authority of worth cash value.
Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Aug 16, 2017 to figure out a boat s value nada or kelley blue book. 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 used car value. Therefore, you should never use nada books for real references. A vehicle with a branded title salvage, flood, etc. They will use a number of resources, namely kelley blue book and nada tradein value, b. Its called nada, or the national automobile dealers association, and they list prices and values for motorhomes, travel trailers, and even truck campers and park models. What s my motorcycle worth the truth behind kbb 3 ways to determine the fair market value of a vehicle wikihow are kelley blue book values accurate and reliable kelley blue book vs nada s andy mohr auto indiana black book vs. Salvage title value is even worse, at roughly 50% of its kelley blue book value. Nada guides vs kelley blue book values ithaca ny maguire. The name itself originates from an old registry which lists those of high society and was named the blue book. Nada will typically give a higher value than kelley blue book, because they assume that the vehicle is in good condition. 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.
What is your car worth and what is your vehicle book value. These three sites and authorities are considered to be the most reliable when it comes to determining car price values. See how kbb and nadaguides values differ in pricing. 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. It provides the easiest to read guide, organizing the vehicles by make, then model, then year. Get the kelley blue book value for your used car or tradein vehicle, find. In 1918, les kelley, a businessman from arkansas, founded a car dealership with no more than three model t fords. 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. Kelley blue book, meanwhile, has the option to mark a vehicle as being in excellent, good, or fair condition, which can bring the value down in certain cases. The difference between kelley blue book and nada tradein. At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot.
The kelley blue book also lists down various listings and information on standard equipment available on rvs. A vehicle in poor condition may require an independent appraisal to determine its value. Nada guide, black book and kelley blue book compared autoblog. Nadaguides vs kelley blue book values nadaguides book value. By far the most popular vehicle guide, kelley blue book atv falls under the category of motorcycles. With other car evaluation companies like edmunds, nada, and black book which often lists lower prices than kbb, it will be hard to convince someone to pay that muchespecially if you cannot accurately judge car quality and market pricing yourself. For instance, when used to calculate the value of the same vehicle with all the same specs, kelley blue book and nada guides will often come up with two. Nada vs kbb the most popular alternative to kelleys blue book is the nada guide, originally created for the national automobile dealers association nada to help with pricing tradeins. Find out what your car is worth at, the trusted resource for used car values. 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. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. 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. Kelley blue book reports projections based on current vehicle data, relevant auction transactions, sales data, market conditions for each vehicle, competition within vehicle segments, expectations of.
662 285 196 574 1110 588 424 1034 302 232 84 674 1111 749 524 1536 786 493 1413 463 180 1220 225 354 565 1266 196 80 1148 211 984 643 1460 1359 1388 8 1182 436 649 387 503