And while they both provide tradein and retail values on used cars, kelley blue book also provides numbers on new cars and privateparty sales. Kelley blue book was already known among public in 1918, while the black book were launched in 1955 also read. However, there is one key difference between them and thats where the values that they provide to you come from. Dec 31, 2019 the history of used truck prices black book refuted. But each provides a sense of how much you can expect to get for trading in or selling an existing vehicle, or what it would cost to buy one. What is the difference between kelley blue book and black book. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. 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. Kelley blue book is an irvine, california based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. The kelley blue book has turned into one of the main merchandising devices of contemporary vehicle selling. Blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Canadian black book provides free car values, new and used car prices, and vehicle listings. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation. How to price an atv on kelley blue book what my car worth.
Kelley blue book vs black book prices bmw of arlington tx. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. Kelley blacks book is a biography book for the 21st century where you can pick and choose to read any chapter in her life and still know who she is. Black book used car values kelly black book nadaguides. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. The thing is, all the resources which helps individuals such as car enthusiasts, dealers, and those who look to buy a car only refers values applicable only in the united states. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. 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. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high.
Why galves is the preferred choice for dealers and consumers alike. He appreciates having the information in hand when looking at a vehicle. Sep 01, 20 kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote. This makes it easy to find the general price of a used atv whether you are doing a tradein, private sale, or retail purchase. This is an as is value that does not include any warranties. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate, quasiconsumertoconsumer.
You might say we literally wrote the book on car values. Nada guide, black book and kelley blue book compared autoblog. 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. Nada blue book does not feature any loan or insurance information on their website. More qualified to compare prices of used car blue book or. Both kelley blue book and black book prices are reliable when considering the value of your next preowned car.
The blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. But, if you are living in canada, that is a different story. Does the kelley blue book value include the final price after. Car dealers are experts when it comes to deciding a tradein price. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to its heavy dependency from financial institutions in regards to loan originations. For example, in an earlier study, black book data showed lower wholesale values than the nada guide, but higher than the kelley blue book numbers. 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. About kelley blue book values new and used car price. Kelley blue book canada nada blue book, nada guide. The tax one pays is based on the difference between the price of the car you purchase and the value given on your tradein, if done at a dealer. 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.
From these auctions, they evaluate the vehicles and rate them based on four grades. Kelley blue book new and used car price values, expert. Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. The kelley blue book gets more traffic when it comes to being used by buyers. 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.
Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Blue book value financial definition of blue book value. 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. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. 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. Nada vs kelley blue book nada blue book, nada guide. Find out the difference in our kelley blue book vs.
The history of used truck prices black book refuted. They have been around since 1918, while black book started in 1955. 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. Estimates are available for used cars in extra clean, clean, average and rough conditions. This wellcrafted book is a collection of feelings that describe how she was able to overcome obstacles, how she welcomed joy. Sep 25, 2014 kbb is the wholesale valuations and average market valuations for the united states.
The black book was established in 1955 by three businessmen in gainesville. Plus, it updates its information weekly, while black book updates it daily. Black book and kelley blue book are both usedcar pricing guides. Their valuations are more specific than the kelley blue book. Excellent condition means that the vehicle looks new. Search for your next used car at, the site you trust the most. 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. Unlike edmunds, however, kelley values generally cater more toward the dealer. Our values are the results of massive amounts of data. Nada guides often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts and serve as an essential tool during the car buying process.
Nov 17, 2014 however, remember these comparisons can change week to week for black book, month to month for the others and definitely region to region. 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. Get used car pricing and explore thousands of car listings at kelley blue book. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Oct 26, 2009 kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Though seemingly similar, the black book and kelley blue book serve slightly different purposes. Heres a look at just how trustworthy it is plus a comparison with the competition. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. The kelley blue book is more widely accessed by consumers than is the black book, which is subscriptionbased. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv.
What do dealers really mean when they refer to the blue book price. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book how does it compare to market value. From these qualifications, kelly blue book sets a wholesale price. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. The final sales price depends on the cars actual condition and local market factors. However, remember these comparisons can change week to week for black book, month to month for the others and definitely region to region. Kelley blue book divides the condition of used vehicles into four grades. Since 1926, kelley blue book has been one of the most trusted names in the auto industry.
Kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote. Kelley blue book gets price data from the same places as black book, along with new and used car dealerships. Yet, readers need to know that each of those books are accurately dependable, regardless of its years of establishment. It is commons sense to look up the kelley blue book or any other blue book on the internet when in the market looking for a cars value. Kelley blue book both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. Now that motorcycles and atvs have gained popularity, the guide at an atv on kelley blue book has expanded as well.
I think kbb kelley blue book is best for purchasing the used vehicle. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate, quasiconsumerto consumer. The kelley blue book also gathers its data from a number of different sources. What is the difference between kelley blue book and kelley. The black book is also popular, though not as old, as it was started. 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. The kelley blue book fair purchase software is a compilation of various transactions in all over the united states. You can determine the condition of a vehicle by taking a condition quiz found on the equipment selection page, or by comparing the car to these category definitions. Kelley blue book rates the condition of a used car as being excellent, good. Kbb is used more frequently and has been around since 1918, while the black book started in 1955. Kelley blue book prices come from consumerdriven data. Both the kelley blue book and the black book provide tradein and retail values on used cars. Dealership new scam, nadablue bookblack book value.
Ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in. Both books claim to be the more accurate source of used car pricing guides. The main focus of kelley blue book is the vehicles, but the company also present values for other things such as motorcycles, cars, trucks, rv, snowmobiles, atv and also individual watercraft. Kelley blue book collects its information by consistently attending and analyzing results and prices from car auctions.
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. 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. Autoblog explains the difference between the nada guide, black book. The difference between kelley blue book and nada tradein. The kelley blue book has been trusted by many buyers since 1918. In the long run, kelley blue book used car pricing can act as a great barometer for purchasing and selling a motor vehicle. Kbb is the wholesale valuations and average market valuations for the united states. 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. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Using this information, kelley blue book can create a specific price estimate for each specific model year and trim level. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. They are also lower than the edmunds price guide, and the nada. The kelley blue book is the most popular usedcar buying guide. Kelley blue book has been the main referral for pricing trucks and cars for over 50 years.
Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. What is the difference between black book value and kelly. While each resource uses a rating system for used car conditions, their grades differ. The company began as the kelley kar company founded by les kelley in 1918. The black book, however, deals more with uptodate car sales and wholesale pricing values, so the information is more useful for car dealers.
Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Private buyers and sellers can only access information from the kelley blue book, however, while dealerships typically use both to find the current market price of a vehicle. Kelley blue book vs black book indiana andy mohr automotive. Does the kelley blue book value include the final price. For these reasons, the black book is more widely used by dealers, and the blue book is more useful for drivers. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability.
Nov 25, 2019 ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in. More qualified to compare prices of used car blue book. The used car prices black book and blue book values serve different purposes. I use the kelley blue book and the black book for used car valuation. The company is owned by the cox automotive subsidiary of cox enterprises. The kelley blue book and black book values are quite similar and provide information thats vital to establishing a wholesale price for new or used vehicles.
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