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#Black book auto value update

NADA does not provide a private party value. Pricing Classifications: KBB provides private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value, while NADA provides trade-in values, retail value, and CPO values.Different Conditions: NADA vehicle values are generally higher because they assume the car is in good condition, while KBB asks specific questions about the car’s condition.Data Collection: KBB gets their data from car auctions, used car sales from auto dealers, fleets, manufacturers, and private party sales to determine pricing while NADA uses wholesale transactions, dealership sales transactions, and pricing from websites like Autotrader.Methods of Assessing Value: NADA focuses on a vehicle’s wholesale price, while KBB looks at condition, mileage, warranty and local market conditions.NADA and KBB also have some key differences in determining car pricing:

#Black book auto value update

Constantly Updated: NADA and KBB reflect current market trends and constantly update their pricing information.

KBB provides a fair market range, while NADA provides three values based on the condition of your trade-in.

Range of Values: Both NADA and KBB provide multiple values for trade-ins.

Multiple Price Options: NADA and KBB each provide trade-in values and retail values.

Trusted by Dealers: Dealers also rely on NADA and KBB to help them sell cars and to determine trade-in values.

Consumer-Friendly: Both NADA and KBB have over 80 years of experience and are aimed at helping consumers find accurate valuations of used cars.

There are similarities and differences between NADA and KBB and how they calculate used car values.įirst let’s look at how the two are similar: The Blue Book can also be accessed online through Kelley Blue Book’s website, KBB.com. The Blue Book is a guidebook that sets prices for new and used cars and provides an estimated range of prices for car buyers based on a specific make, model, style and year of a vehicle.

Kelley Blue Book value has been a popular pricing tool since it was first published in 1926. You’ve probably heard of “Blue Book value,” as it’s become nearly synonymous with car trade-in values. NADA also has a consumer-facing website,, which provides pricing information on new and used cars as well as classic cars, motorcycles, recreational vehicles (RVs), boats, and motor homes. Power, another industry-leading data company. Since 1933, the Used Car guide has been a trusted and valuable resource for dealers to set retail prices and calculate trade-in values. NADA publishes the Official Used Car Guide, which provides used car values for dealers across the United States. NADA stands for the National Automobile Dealers Association, which is a trade organization that represents all franchised new-car dealers. Is one more accurate than the other? And what are the differences between these two pricing guides? We have the important answers, but first here’s a brief description of each: NADAGuides

You’ve probably heard of the most common two: NADA Guides and Kelley Blue Book®. Luckily there are plenty of pricing tools available to help you figure out how much a vehicle is worth. ( iSeeCars) – If you’re buying or selling a used car, you’ll want an accurate valuation of the vehicle to know if it’s fairly priced. Please look at the time stamp on the story to see when it was last updated. Kelley Blue Book receives real-world used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and private party transactions.This is an archived article and the information in the article may be outdated. How Kelley Blue Book Determines Car Values Potential problems with Blue Book values include a delay as price information is assessed, the consumer tendency to overrate the value of the car they are selling or trading in, and a mismatch between wholesale values listed by Kelley and the prices used by dealers, who access special industry-only pricing info.Kelley determines Blue Book values by analyzing pricing information from real-world used car prices, as well as industry developments, economic conditions, and location.Kelley assesses the following values: private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value.The Kelley Blue Book-and its equally popular website-is one of the most trusted guides for automobile pricing, used by those who are buying or selling cars.