Many people use this term, along with black book or edmunds tmv. Other value books dissect value based on tradein, private party, or retail numbers, black book centers their attention on wholesale values with the use of these categories. More consumers rely on the kelley blue book, but both can provide helpful. The primary focus of kelley blue book is on automobiles, but the company also provides values for motorcycles, personal watercraft and snowmobiles. From those, kelley blue book then sets wholesale values based on what are called front line as in traffic stopper vehicles, which also includes costs for reconditioning, transportation and auction fees. Kelley blue book private party value the kelley blue book private party value is the starting point for negotiation of a used car sale between a private buyer and seller. Kelley blue book often misspelled as kelly blue book collects its information by attending auctions throughout the country where it bases used car evaluations.
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. Kelley blue book how does it compare to market value. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. 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. It collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue book mania. The guide not only lists the value of new vehicles, but it also lists used car values. Kelley blue books fair purchase price tool is compiled from transactions conducted across the united states. Dec 01, 2014 learn about kelley blue book, edmunds,the black book, n. Valuation tools the premier classic car value guide. 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.
Be aware that insider guides like manheim or black book tend to. The blue book started with just used car ratings and values, but evolved to include new prices. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current car s appraisal value.
The values registered in the canadian black book are based on the auctions across the country. Canadian black book provides free car values, new and used car prices, and vehicle listings. Car prices and values for trucks and suvs black book values. The following article compares nada guide with kbb to help you determine which would help you most in your future sales or purchases, but keep in mind. How carmaxs usedcar prices compare to kelley blue book. The history of used truck prices black book refuted. Car dealers are experts when it comes to deciding a tradein price.
Dec 31, 2019 used truck prices black book typestrucks. The second option is the canadian black book which is commonly used by insurance companies and banks. Learn about kelley blue book, edmunds,the black book, n. When it comes to selling your car, you want the best price you can get, and studies have shown that black book car pricing, on average, are lower than the tradein amounts shown in either the kelley blue book or in the nada and edmunds listings. The used car prices black book and blue book values serve different purposes. Nadaguides has a classic car valuation search that can be quite useful in determining the value of your classic vehicle. The kelley blue book has been trusted by many buyers since 1918.
Theyre all terms used to describe the estimated market. Both books claim to be the more accurate source of used car pricing guides. The final sales price depends on the cars actual condition and local market factors. Used car values, price guide and tradein estimator. The kelley blue book price is a trademarked car valuation from kbb. Blue book used car values are determined by taking into consideration the equipment and options. Tradein value when you want to trade your car to a dealership. 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 cars for sale. Kelley blue book is probably best known for trade in values and private party values for the car you already have.
Both the black book and the kelley blue book can help in finding wholesale prices. Canadian black book takes into consideration the kilometers it accumulated, its appearance, and the mechanical condition of the car. The automotive black book is another valuation system for valuing cars. 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. Kelley blue book used car price guide the kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. Keep reading to find out all about the 2 main sources for used car, truck and other vehicle pricing. How to find classic car blue book values it still runs. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. The main difference between kelley blue book and nada tradein value. 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.
Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. This list later became known as the kelley blue book. 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. Canadian black book provides their raw data that can be built directly into applications for service on the web. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. They have been around since 1918, while black book started in 1955. Blue book is a consumer guide that makes money from web advertising.
Both kelley blue book and black book gather data points from auctions, banks and. The difference between kelley blue book and nada tradein. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. Black book auto value the kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. 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. Kelley blue book values blue book values kbb vs nadaguides. Sep 25, 2014 kbb is the wholesale valuations and average market valuations for the united states. The blue book rates the condition of a used car as excellent, good, fair or poor, whereas the black book grades used car condition as clean, average or rough. Other dealers and banks requested the list for their use, and the kelley name became the most trusted for car values. How accurate are kelley blue book car values when selling your car.
Knowing your tradeins value before you visit your new car dealer is essential. Nada blue book was created in print in 1971 and went online in 2000. Guidebooks galves printed books list the last 12 years of vehicle pricing data. Nada vs kelley blue book nada blue book, nada guide. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. Find out the difference in our kelley blue book vs. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods. Kelley blue book also primarily utilizes asking price information in their weekly valuation processes. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. The driving force behind black book s valuation process is an understanding of what drives the auto market as a whole as well as what factors help set vehicle specific values. The kelley blue book has become one of the major merchandising devices of modern vehicle selling.
New car, used car, residual values plus other information is prepared and made available in spreadsheet or delimited text format. The blackbook price guides are produced by house of collectibles, not whitman and are not associated with the red or blue books. High mileage, vehicle damage, and the cost to recondition your car for resale all have an impact on the overall value of your car. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Feb 28, 2020 the kelley blue book is the most popular used car buying guide. In the long run, kelley blue book used car pricing can act as a great barometer for purchasing and selling a motor vehicle. 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.
We supply listing data to hagertys valuation team to help for the most complete available picture of pricing available. Get used car values with edmunds car value appraisal tool. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. Black book updates their used car prices on a weekly basis. What is the difference between black book value and kelly blue book value. Hemmings works with hagerty insurance to help give you the best information regarding the current pricing of classic cars. 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. Soon, the automotive community trusted his judgement as a good reflection of current values. An updated version of this article is now available.
The blue book is the whitman book that lists dealer prices. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Mar 02, 2020 the term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. Find out what your car is worth at, the trusted resource for used car values. The kelley blue book and black book both claim to be the most accurate source of information when it comes to pricing used cars, but they actually serve different purposes. Dittoimage sourcegetty images black book and kelley blue book are both used car pricing guides. Find the right value to sell or purchase and never overpay again.
Nada guide, black book and kelley blue book compared autoblog. If you have recently decided to trade your car in or purchase a used car then you. What is the difference between black book value and kelly. 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. Black book vs kelly blue book trade in values fremont motor. The black book was established in 1955 by three businessmen in gainesville. Used car values look up for kelley blue book so many people today are engaging with the car market. The best tool to determine your cars value car news. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. What is the difference between kelley blue book and kelley. Data services vin decoding, vehicle lookup and accurate vehicle valuation using our simple rest api.
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. Black book visits 60 auctions nationwide every week to gather the most up to date information on used car values. We provide car valuations online, as well as services internationally to leaders in the automotive industry. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. Aside from their different colours, they all provide similar services and data to help owners determine the market value of their car. This includes essential data points like how key attributes such as mileage, maintenance records, model, year, and trim options affect value. Get a peek at the best new chrome and steel coming your way.
This is an as is value that does not include any warranties. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. By selecting the make, year, and model of vehicle, and the optional equipment, a list of values is populated along with the original msrp, if available. With the increased need to commute and the convenience of cars, this is a necessity. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. From used car lots to new car dealers, they all claim to sell cars at or below blue book while. Oct 26, 2009 kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Both the black book and the kelley blue book can help in. Black book provides the most frequently updated wholesale values of used cars. There are two valuable sources for gathering information about the value of your used car. Frequent updates allows for faster response to market fluctuations. At one time the blue book value was a used car insiders term like cream puff or. If you choose to sell your car yourself, the private party value stands as a starting point. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and.
This value which 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. Occasionally, the black book will release special issues with a focus on rare or classic 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. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. These are wholesale value what its worth to a dealer as a trade in of used cars. Visit canadian black book and select a make and a model to find the right car that suits your need. If youre selling a used car, you need to know how much it is worth. 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. The black book is usually a culmination of values from the dealer auctions. This pricing data comes from oems, wholesale auctions. 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. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways.
Car sellers often turn to kelley blue book to find out how much is my car worth. Be aware that insider guides like manheim or black book tend to show. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. 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. 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. Determining fair market value for any vehicle, including atvs, can be tricky. 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. They are also lower than the edmunds price guide, and the nada. Car values how do i use kelley blue book to determine the value of an atv. The kelley blue book gets more traffic when it comes to being used by buyers. The black book is also popular, though not as old, as it was started. The black book, like kelley blue book, provides a value for different used car makes and models so car dealers will know how much a vehicle is worth. The kelley blue book is the most popular used car buying guide.
Both the kelley blue book and the black book provide tradein and retail values on used cars. Using detailed data and hagerty expertise, our valuation tools are designed to empower the classic car enthusiast. Is black book car pricing generally higher or lower than blue book values. Black book used car values kelly black book nadaguides. Redbook is the preeminent provider of car prices, values, vehicle identification and pricing information in australia and the asia pacific region.
Black book is sold to industry insiders, and its values are based on car auction prices. Based on the vehicle condition, there are three ranges of values. We offer free price and valuation tools where new and used car shoppers can look up the. Difference between the red book the and black book coin talk. Kelley blue book reports used car values for a variety of buying and selling transactions. I use the kelley blue book and the black book for used car valuation.
You will gain a better understanding of changes in the marketplace and how these changes apply to classic car values. Estimates are available for used cars in extra clean, clean, average and rough conditions. 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. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Kelley blue book is more for the consumer to get a hold of the information. The blue book, although being used the most, is usually thought as a little less accurate in their prices. The blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell. The best tool to determine your cars value car news auto123.