![]() ![]() What, actually, is a Blue Book? Who started this whole arbitrary pricing bible? How accurate are they and how do they get their numbers? Most importantly, do they provide truly valuable information to help you get theīest deal, whether you're buying or selling new or used? Read on.įind out how much your car is worth with Autoblog's Used Car Book Values tool. From used car lots to newĬar dealers, they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book! Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. ![]() Used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot. Truck or SUV, you can't get away from what we'd call Blue Book mania. RELATED: Kelley Blue Book Better Buy: 2021 Kia Telluride vs."Blue Book pricing!" "We're selling below Blue Book!" "Get true Blue Book value for your KBB will probably give a more accurate answer in both cases. If the dealership price matches the NADA price, look at the condition and cross-reference it with KBB. On the flip side, a vehicle owner trying to place a like-new value on their car that’s been through hell and came back with some dents and faded paint is just as bad. Either way, consider the condition of the vehicle. KBB also offers insights as to the best cars to buy within certain parameters.ĭealerships may price a car like new because it thinks the car is in better condition than it is, or is trying to make a customer think so. Using NADA gives a good ballpark estimate of why the dealership prices cars the way it does, but KBB might give a better idea of how much the car is worth. The price of a used car makes or breaks a deal, for the buyer and the seller. Either resource is comprehensive enough for basic values, but if a vehicle owner is trying to find a value for their own car, they would probably get a more accurate estimate from KBB. Using KBB seems to give a more real-world estimate, especially since it factors in the vehicle’s condition. While dealerships use NADA, buyers may be able to use it to gain some sort of perspective. Which one to use?ĭepending on how a customer wants to look at a deal, they might consider using both NADAguides and KBB. For all intents and purposes, NADA appears to provide how much a car should cost, whereas KBB shows what a car is worth. With this software, KBB takes into account where a customer is located, and regionalized values. In addition to similar resources used by NADA, KBB uses software to predict market trends, and it does so with hundreds of sources. Where NADAguides is very clinical with how it curates data, KBB appears more intelligent. KBB: building on trends Kelley Blue Book Logo | Kelley Blue Book NADA apparently doesn’t factor in vehicle condition, according to KBB. From the website: “Our values are designed and intended to assist users in performing their own valuation of a particular used vehicle”. ![]() NADA takes into account macro and micro-economic factors as well, including where the vehicle is located and supply and demand. NADA also uses data from manufacturers and companies that buy and sell used cars to get car values. It collects data from auctions and dealership vehicle sales, and pricing information from sales hosting sites like Autotrader. NADAguides started in 1933 and works with professionals in the automotive sector. ![]()
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