Black book trade in values versus blue book car

Kbb used car values, dealers used car cost, kelley blue. Both the black book and the kelley blue book can help in. Find out what the kelly blue book value of your car is. If you arent sure how to figure out your vehicles wholesale. Black book vs kelly blue book trade in values fremont motor.

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. Data black book acquires their pricing data from wholesale auctions, and retail. Ultimately, whether its black book or kelley blue book used car values. Both books claim to be the more accurate source of used car pricing guides. May 12, 2012 the response quora user provided is spot on.

In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book reports used car values for a variety of buying and selling transactions. Kelley blue book and the black book are two major resources available which can help you assess the price of a vehicle you wish to buy or sell. The blue book only provides valuations when it has enough data on used sales to create dependable values. Dittoimage sourcegetty images black book and kelley blue book are both usedcar pricing guides.

The blue book, although being used the most, is usually thought as a little less accurate in their prices. I use the kelley blue book and the black book for used car valuation. You might not be able to value a new car that is only a few months old. If you have minor damage and are handling the body damage claim yourself, tell the insurance adjuster you want to get a receive payment for diminished value for the car in addition to the body shop costs.

Both new car invoice prices and kelley blue book provide a way to calculate the fair market value of a vehicle. That way, you can make sure your car buying experience is as easy and painfree as possible. Because of this, there are several ways that car buyers can use their website. Black book s pricing deals with wholesale values and the most uptodate car sales and is usually considered to be more accurate than kelley blue book, according to carsdirect. The kelley blue book is the most popular usedcar buying guide. The actual tradein and retail values vary depending on the website, so the best way to arrive at realistic values is. 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. What is the difference between black book value and kelly blue book value. The main difference between kelley blue book and nada tradein.

Car dealers are experts when it comes to deciding a tradein price. They will use a number of resources, namely kelley blue book and nada trade in value, but they mainly rely on their years of experience appraising cars. Whereas other value books or value web sites may break down value into wholesale and retail numbers or tradein, private party and retail, black book truly specializes in wholesale value, determining the value of used cars within categories of extra clean, clean, average or rough. 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.

Though seemingly similar, the black book and kelley blue book serve slightly different purposes. The actual trade in and retail values vary depending on the website, so the best way to arrive at realistic values is by averaging the prices together from multiple. Kelley wholesale blue book value, kbb used car invoice. What is the difference between kelley blue book and kelley. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it.

Be aware that insider guides like manheim or black book tend to show. The best tool to determine your cars value car news. It may make you scratch your head, but car dealers do not use the blue book trade in value when figuring the actual cash value acv of your trade in. 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. Whether you use the kelley blue book guide or prefer, the book pricing of vehicles can be a little misleading. The kelley blue book price is a trademarked car valuation from kbb. 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. In a sense, the kelley blue book trade in value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on a new car. 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. Kelly blue book now operates in canada, and the trade values between the 2 tools. How does kelley blue book determine the value for a given. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground.

Based on the black book value of a gmc, this is the amount you can expect to receive for yourgmc if you sell it to the dealer at the same time you are purchasing a new vehicle. And with black book cherry it eliminates those issues saving my time, headaches, and money. An updated version of this article is now available. Dec 17, 20 when you trade in your current vehicle for a new vehicle, the amount your trade in is worth depends on the car s wholesale value. Tradein and retail are two values that car dealers apply to used vehicles. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Oct 07, 20 car dealers are experts when it comes to deciding a trade in price. Our values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality. A dealer paying blue book for a trade in is either going to retail the car more profit or push it back through the auto auctions, often at a loss.

Both the kelley blue book and the black book provide trade in and retail values on used cars. Blue book does not contain auto values at all but is more of an all seasons publication that publishes values for boats, atvs, trailers, motorcycles, skidoos etc. Kelley blue book, you can look up tradein value, loan value and wholesale value, but. The black book value is used by auto dealers to determine how to price vehicles, while a kelley blue book value helps consumers estimate the value of their car. Black book weekly values lite black book used car values. Analysed and set into a realworld context, black book valuations are trusted by the industry for their precision, validity and credibility. However, kelley blue book has the most userfriendly online used car price search engine available and it takes only a few minutes to look up values. Black book used car values kelly black book nadaguides. Traditionally dealers have relied upon black book for determining how much they should pay for tradeins. They are also lower than the edmunds price guide, and the nada.

A dealer paying blue book for a tradein is either going to retail the car more profit or push it back through the auto auctions, often at a loss. When it comes to buying or selling a car, its important to take advantage of the tools available for you. However, every dealer is different and values are not guaranteed. Jan 27, 2012 kelley blue book is similar in that it offers target pricing information for used cars. 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 book s. For a versus comparison for nada blue book values visit here.

Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Dealers will occasionally use the retail blue book value, but rarely, if ever, use the last two values. Youll get full access to resources that can help you prepare for a private sale or a trip to the dealership, negotiate the best deal possible and. The kelley blue book gets more traffic when it comes to being used by buyers.

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. Many people use this term, along with black book or edmunds tmv. Black book data and mobile apps buy now and fuel your. Used car values, price guide and tradein estimator. Bluebook car prices arent always accurate because there are a variety of factors that go into calculating a used cars value. Feb 28, 2020 the kelley blue book is the most popular used car buying guide. The blue book started with just used car ratings and values, but evolved to include new prices. Nada guide, black book and kelley blue book compared autoblog. This service helps you attain and compare used car tradein values for vehicles up to 14 years old. Reese went to trade in his truck and was told by the dealer that they use the automotive black book. 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. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. The other values retail, private party and trade in are the other three kelly blue book values and kelly shares these values for free on their website. By providing current car values as well as forecasting predictions, black book values is uniquely positioned as an onestopshop for businesses that need to accurately manage and weigh risks associated with their physical inventories and lending obligations.

They have been around since 1918, while black book started in 1955. This indispensable industry resource offers pricing and specifications on current model year vehicles. Kelley blue book how does it compare to market value. While completing research via a service like kelley blue book or can give you a reasonable idea of your vehicles.

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. Ultimately, whether its black book or kelley blue book used car values, your tradein value is dependent on several factors including make, model, year, condition, accessories and mileage. Canadian black book provides free car values, new and used car prices, and vehicle listings. The term blue book value refers to the value of a vehicle by a guide known as the kelley blue book.

Based on the black book value of a gmc, this is the amount you can expect to receive for yourgmc if you sell it to the dealer at. The difference between kelley blue book and nada tradein. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue. The automotive black book is another valuation system for valuing cars. The prices are collected through online or direct vehicle dealers. Get the kelley blue book value for your used car or tradein vehicle, find.

Find out what your car is worth at, the trusted resource for used car values. The blue book database doesnt contain values for luxury cars such as ferrari and lotus, as their low sales data dont allow for reliable valuations. These are wholesale value what its worth to a dealer as a trade in of used cars. Kelley blue book tradein range the tradein range is kelley blue books estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. Blue book value is notably related to kelly blue book car values derived from vehicle auctions that run in the america, versus canadian black book values, which are based off of canadian auction sale prices.

Kelley blue book has developed, refined, and implemented thousands of complex algorithms based on extensive and continuous data research and theyve been doing it for almost 100 years. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. The black book is one of the main sources of data car dealers use to set prices for used cars and tradeins. By providing a 100% fill of values, we ensure there are no gaps in the vehicle valuation data.

Kbb used car values, dealers used car cost, kelley blue book. Selling privately, youre unlikely to get the kelley blue book trade in price, but that doesnt mean youre getting a bad deal, simply a fair market price. It was initially developed to alleviate taxes on automobile sales, and for this reason today it is used primarily by dealerships in regards to new vehicles as opposed to used vehicle sales. When buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. You will get two different trade in values low and. On new vehicles, an invoice provides information on the manufacturers suggested retail. Nada vs kelley blue book nada blue book, nada guide. Its the goto source for retail and invoice values of domestic and import cars, lightduty trucks, vans and sport utility. Both the kelley blue book and the black book provide tradein and retail values on used cars. Book value get the book value of your car easily and free.

Other value books dissect value based on tradein, private party, or retail numbers, black book. The blue book trade in value is available for free on kelley blue book values what has a value and what doesnt. It specializes in estimating the wholesale value of vehicles, which dealers can use to ensure that they make a profit when buying and selling used cars. 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. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. The black book is one of the main sources of data car dealers use to set prices for used cars and trade ins. If its totaled you can get the kelly blue book value site here. 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. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing.

Nada blue book was created in print in 1971 and went online in 2000. What is the difference between black book value and kelly. Although the kelley blue book dates to the 1920s, it didnt publish a consumer edition until 1993. Dec 12, 2019 trade in and retail are two values that car dealers apply to used vehicles. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. A car buyer can find these values on a number of vehicle valuation websites. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Canadian black book canadas number one source for car values.

The guide not only lists the value of new vehicles, but it also lists used car values. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which is typically higher than tradein value. By 1996, consumers could visit the companys website, to find values for new and used cars. Get used car values with edmunds car value appraisal tool. 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. Mar 02, 2020 the term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Black book provides the most frequently updated wholesale values of used cars.

You should use this to compare them to other similar services. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. The biggest issue has been locating, assessing, and evaluating inventory. The best tool to determine your cars value car news auto123. Dealership new scam, nadablue bookblack book value. The used car prices black book and blue book values serve different purposes. Kbb is the wholesale valuations and average market valuations for the united states. The main difference between kelley blue book and nada trade in value is the data they use. Car tradein value find my car value, car worth and car. Theyre all terms used to describe the estimated market. Keep reading to find out all about the 2 main sources for used car, truck and other vehicle pricing. This valuewhich is based on sales data, auctions, brand equity, and the pricing of similar vehicles across canadais the most accurate estimate a consumer is likely to find. When you trade in your current vehicle for a new vehicle, the amount your tradein is worth depends on the cars wholesale value. Mar 29, 2009 blue book does not contain auto values at all but is more of an all seasons publication that publishes values for boats, atvs, trailers, motorcycles, skidoos etc.