Dealers use kelly blue book to establish the value of tradeins as well as. As for the edmund s price for the contour, if the cars in outstanding kelley blue book also gathers its data from a number of different sources. Kelley blue book new and used car price values, expert. I looked at both the edmunds and kelley blue book estimated dealer costs. So after you have narrowed down your choices to say, a coach design, you will then have to look for a certain brand and models information and present price in the kelley blue book. Both books claim to be the more accurate source of used car pricing guides. Dealers use kelly blue book to establish the value of tradeins as well as comparing numbers to set their lot prices. Car dealers are experts when it comes to deciding a tradein price.
But, it is totally different for kelley blue book or nada guide because edmunds pricing guide is available online and you do not need a hard copy to check the pricing. This family favorite returns with a roomier interior, fresh safety and tech features, and the option of a diesel engine instead of the standard v8. The kelley blue book gets more traffic when it comes to being used by buyers. I am starting my used car buying research on the honda crv with the ex trim years 20032006. If so, then you might have checked kelley blue book kbb to determine a fair selling price. 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. They have been around since 1918, while black book started in 1955. How to accurately check for your rv blue book value. If you are shopping for a new car, the pricing terms are different, so be sure to. 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. Since cars generally sell for less than the asking price, edmunds prices are lower. The term blue book is a generic term that has been used for years to describe a periodically issued price list. The difference between kelley blue book and nada tradein.
Though edmunds started providing the public information regarding cars true market value since 1995. Although automotive experts acknowledge that the kelley blue book is one of. Kelley blue book the chevrolet suburban is allnew for 2021, marking a revamp for one of the largest 3row suvs available. Private sellers use it as the bible in selling their personal cars.
Kellys blue book vs nada vs edmunds guide the differences. Kelley blue book, with more than 20 million unique visitors each month, promotes itself as offering the largest new and used car audience. But what is that kelley blue book value he showed you. 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. Apr 03, 2014 so after you have narrowed down your choices to say, a coach design, you will then have to look for a certain brand and models information and present price in the kelley blue book. The designs of the motor homes are indicated in the kelley blue book as abbreviations.
And edmunds has the perfect tool so that you can go into the talks with firsthand knowledge with regards to the cars true market value. The used car prices black book and blue book values serve different purposes. Generally speaking, most buyers and sellers agree that edmunds has. It is by far the most popular and, dare i say, trusted guide. If youre trading in they use the mysterious black book or in my area make the mysterious phone call to a wholesaler i guess to get. Do not be deceived, the cars true market value is different from its manufacturers suggested retail price because of one thing, the rate of.
I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. As an industry leader, kelley blue book has been the goto guide for pricing trucks and automobiles for a long time. When you go to this dealers website and go through the online buying process the trade valuation portion sources data from kelly blue book. 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. How do you compare car value sites kelly blue book. The kelley blue book is the most popular usedcar buying guide. Usually, those who use one are also familiar with the other. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Prospective buyers can find tradein, private party, and retail values in a heartbeat. It is undeniable that edmunds has been running since many years ago and they have made so many comparisons about the pricing guide of used cars efficiently with other similar car pricing enterprises such as nada guide or kelley blue book. The four sites were edmunds lowest price, highest price, kelley blue book, and. Now in adds they will so much off kelley or edmunds. Because each source uses different calculations to arrive at their pricing model, by comparing all three and looking at online prices for similar cars, youll be able to accurately price your vehicle whether you are looking to sell or to buy.
Oct 27, 2014 edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Ive talked to several people selling their cars and mechanics alike. 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. Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car pricing information. The most commonly used are the kelly blue book, and the edmunds used price guide. Consequently, the term blue book has become synonymous with vehicle valuation guides. Negotiating a used car price using edmunds true market. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles.
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. They use standard depreciation formulas and as a result their prices are way out of line with the true market prices for used nsxs. Nada guide, black book and kelley blue book compared autoblog. Get used car values with edmunds car value appraisal tool. The kelley blue book also gathers its data from a number of different sources. In other words, can i expect to pay what the book says. While our vehicle value guides are often referred to as the nada blue book, we are not affiliated with kelley blue book.
Kelley blue book is a popular evaluation guide for consumers and dealerships. I really dont understand why there is such a variance with blue book. But, it is totally different for kelley blue book or nada guide because edmunds pricing guide is. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. If youre buying they will show you the kellys blue book which runs high so you think youre getting a good deal. 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. Check car prices and values when buying and selling new or used vehicles. Mar 23, 2018 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. You might say we literally wrote the book on car values. Is it the price at which cars like yours have recently sold to other buyers. Why do edmunds and kbb give such different values on the same car. Edmunds bases its true market value tmv estimations on actual sales transaction data of similarlyequipped vehicles in the same region.
Car dealers use the kelley blue book to set their retail prices. Ive never really believed the prices kelly blue book gave, since they always seemed hella overinflated. Kelley and edmunds are always high in their prices. Upon speaking with the salesman he stated that they generally give kbb value and after a video call where i displayed the cat he agreed that the kbb valuation was realistic pending a final in person inspection. I was shocked and more than a little disappointed when i was only offered about half of the kelly blue book trade in value, i had bought the truck new and aside from the 22,000 miles, it is in perfect condition with all routine maintenance records.
The question to consider, however, is what internet source is right. The internet has been touted as the greatest resource for the used car buyer. 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. Jan 29, 2011 i took my 2009 ford ranger to carmax to get an appraisal. We designed the edmunds used car appraisal tool to provide the most accurate price for your current vehicle, so youll be able to make the best decision when. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide.
Carmax offered about 12 of kelly blue book trade value apr. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Edmunds used car for your car evaluation nada book value. 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. Nada used car prices, edmunds used car prices, and kelly blue. I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price. But if you check nada that price will be right on nadas or real close. You can find prices for many different atv brands including suzuki, polaris, trail blazer and many more. When people came to buy it they would not offer over 4k because of edmunds, almost 2k below blue book. Nada numbers come from the auctions and dealer reports. Do not be deceived, the cars true market value is different from its manufacturers suggested retail price because of one thing, the rate of increase that the dealer placed on the car. Heres a look at just how trustworthy it is plus a comparison with the competition. Negotiating a used car price using edmunds true market value. We dont have access to how kbb calculates its prices, but at a high level.
Kbb prices are based on listadvertisted prices, whereas edmunds tmv is based on sales transaction data. Edmunds true market value nada blue book, nada guide. As a result, prices in the kelley blue book tend to be higher than those of edmund s used car price guide. Why is edmunds so much lower than kelley blue book. However, sorting through all the information and feeling confident in getting the right price can be difficult. 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. Although, there are many misconceptions about the guide that create confusion among consumers. But if asked when it was founded, the answer may be very far.
Kelley blue book new and used car price values, expert car. And they might be slightly higher than what you may receive from a private seller selling or buying a car. These prices are available and organized as tradein values or suggested retail values. Edmunds in general, youll find that the kbb values are similar to those provided by edmunds. How do you compare car value sites kelly blue book, edmunds. Seems like the dealerships always show me higher invoice prices than what i can find here or kelly blue book. Kelley blue book values blue book values kbb vs nadaguides. As for the edmunds price for the contour, if the cars in outstanding apr 02, 2014 about the kelley blue book value on used cars oftentimes, buying a brand new car is not within everyones price range so looking into buying a used car seems to be the best option. Edmunds prices are substantially less than kelly, maybe 20% or so. 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. Why are kelly blue book prices so much higher than edmunds. Unlike edmunds, however, kelley values generally cater more toward the dealer.