Difference between kelley blue book and edmunds

I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price. Who should i trust to determine the value of my car. Why is there a difference in kelley blue book and nada. In the case of tradein vehicles, the wholesale price might also be the price a dealer. Why is there such a difference between kelly blue book and nada trade in values. While blue book and black book dont compete directly, blue book does compete with edmunds. The kbb 5point condition and quality distinction for cars will give you a good. Usually i look to edmunds but the site is very glitchy lately they changed the site and its terrible and then when checked kelley blue book it. Autoblog explains the difference between the nada guide, black book. The salesperson will look up the car you are shopping for in the kelley blue book, and will point to the retail price for that car. There are two valuable sources for gathering information about the value of your used car. Now in adds they will so much off kelley or edmunds. The kelley blue book is the most popular usedcar buying guide.

From there, buyers attempt to lower the car price from the level of the kbb. Since cars generally sell for less than the asking price, edmunds prices are lower. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. Although none of the top used car buying guides is perfect, when taken together along with additional. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. Negotiating a used car price using edmunds true market. Please note, however, that you may be prompted on certain pages of our site to input a u. Nada guide, black book and kelley blue book compared autoblog. However, you can usually find a rough invoice price on sites like edmunds or kelley blue book.

Sep, 2011 why is there a difference in kelley blue book and nada. According to the kelley blue book, one out of three people use the kelley blue book when looking to buy or sell a car within the united states. The kelley blue bookand its equally popular web siteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Honda cleaned up at the 2019 edmunds buyers most wanted awards, with the crv earning the top spot in the compact suv segment. Kbb is a good value if youre the seller of the vehicle as it maximizes the dollar amount you can get for your vehicle. Is tmv way to low, or should i make a significantly lower offer. Its more a matter of whether this is the true price the dealer paid for the vehicle. Sep 02, 2019 technically, finding the invoice price isnt all that difficult. If youre selling a used car, you need to know how much it is worth.

Why are kelly blue book prices so much higher than edmunds. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. 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. More consumers rely on the kelley blue book, but both can provide helpful pricing information. Kelley blue book collects its information by consistently attending and analyzing results and prices from car auctions. What do dealers really mean when they refer to the blue book price. But if you check nada that price will be right on nadas or real close. Nov 05, 2018 what is the difference between plugin and portable jump starters.

Kbb prices are based on listadvertisted prices, whereas edmunds tmv is based on sales transaction data. Leading its class for the fourth time, kelley blue books named the 2019 crv best buy of the year among compact suvs thanks to excellent safety features. I really dont understand why there is such a variance with blue book. Mar 04, 2018 edmunds senior writer mark takahashi gets behind the wheel of the fully redesigned 2018 bmw x3. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. Kelley publishes more than one price guide for used cars, but. However, they can also be very misleading, and it is important that you know the differences between these two information sources and how to. Black book auto value by sarah brumley the kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. A guide to determining how much your car is worth sellmax. Edmunds senior writer mark takahashi gets behind the wheel of the fully redesigned 2018 bmw x3. How do you compare car value sites kelly blue book. The difference between kelley blue book and nada tradein.

When i looked for a z3 last fall, i was surprised variation in book values between kelley, edmunds and nada. All too often, however, the dealer will direct your attention to a printed price guide and often it will be the kelley blue book. Many experts believe edmunds values are more accurate than kbbs. Kelley blue book is a very good resource, but it should not be the only one you consult. In 1926, les kelley created the signature kelley blue book. As for the edmund s price for the contour, if the cars in outstanding kelley blue book also gathers its data from a number of different sources. Leading its class for the fourth time, kelley blue books named the 2019 crv best buy of the year among compact suvs thanks to excellent safety features, superior room and impressive fuel economy ratings.

Oct 07, 20 the main difference between kelley blue book and nada tradein value is the data they use. In the most basic sense, kelley places a large amount of emphasis on mileage, condition, features, and popularity, while nada tends to focus on the vehicles wholesale price i. But when you sell cars to dealers, they use the kbb loan value which is much less than even tradein value. If youre looking for a small, budgetedminded sedan that doesnt make you sacrifice good looks and a great warranty, the 2019. Car dealers are experts when it comes to deciding a tradein price. 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. For 2017 the midsize suv category is overflowing with new and refreshed entries. But what is that kelley blue book value he showed you. As a result, features such as true market value tmv and true cost to own tco and new car listings are available only for the 50 states and the district of columbia. Car dealers use the kelley blue book to set their retail prices. Nada numbers come from the auctions and dealer reports. Retail values represent what a dealer may ask for the vehicle once it has been inspected, reconditioned and possibly warranted. Keep in mind that the older the model, the broader the differences between excellent and fair. Kelley blue book divides the condition of used vehicles into four grades.

Black book is the canadian version and is what the. When you are in the market for a used vehicle, you hear a lot of different pricing terms. The name itself originates from an old registry which lists those of high society and was named the blue book. While both of these fuelefficient family sedans has expressive styling, the avalon hybrid is clearly the more upscale vehicle. Sep 25, 2014 kbb is the wholesale valuations and average market valuations for the united states. 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. Dec 17, 20 the wholesale value of a vehicle is the value that a dealer would pay to purchase it from a car manufacturer. 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. Motor car values was published in 1926 by les kelley. What is the difference between plugin and portable jump. Unlike edmunds, however, kelley values generally cater more toward the dealer. To better understand the current crop of familyfriendly. Why is there such a difference between kelly blue book and.

Thats because dealer profit may be the difference between the selling price and dealer invoice price. The wholesale value of a vehicle is the value that a dealer would pay to purchase it from a car manufacturer. Automobile pricing guide dear dave, what is the difference between nada, kelley blue book, and. How do you compare car value sites kelly blue book, edmunds. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle.

Im looking to sell my car 2008 subaru impreza hatchback. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. The kelley blue book also gathers its data from a number of different sources. Edmunds traditionally has the price closer to the real value of the vehicle but used car prices are somewhat inflated these days. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. If youre looking for a small, budgetedminded sedan that doesnt make you sacrifice good. Feb 28, 2020 kelley blue book is a very good resource, but it should not be the only one you consult. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you.

Learn how kelley blue book vehicle condition standards rate vehicles. In the daytoday running of your vehicle, the value of your car may not be important. To better understand the current crop of familyfriendly suvs we conducted a comparison of the gmc acadia. Im currently selling my car and i wanted to see which was more accurate kelly blue book or edmunds. The instantstart that you get with the start configuration of jump starter unit is good, but for a charging system, it is not great. And as the version of the kelley blue book that kelley offers to consumers states. The kbb says the price is 3,750, while edmunds tmv gives me a much lower price of 2,200. How do you compare car value sites kelly blue book, edmunds, etc. Toyota clearly, toyota positions the avalon hybrid as a more stylish and more sophisticated car, with price hikes to match. Jul 24, 2019 while both of these fuelefficient family sedans has expressive styling, the avalon hybrid is clearly the more upscale vehicle.

Aug 21, 2017 for 2017 the midsize suv category is overflowing with new and refreshed entries. The content and data published by edmunds focuses on vehicles built for the u. Technically, finding the invoice price isnt all that difficult. This is the asking price and you may expect to pay less. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine.

As previously mentioned, theres a lot of flux depending on regions and incentives. Kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. In 1918, les kelley, a businessman from arkansas, founded a car dealership with no more than three model t fords. What is the difference between kelley blue book and kelley. Oct 27, 2014 edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Jan 02, 2014 thats because dealer profit may be the difference between the selling price and dealer invoice price. Price difference between kelly blue book and edmunds. Ive never really believed the prices kelly blue book gave, since they always seemed hella overinflated. Vehicle condition kelley blue book vehicle condition rates an automobiles mechanical and cosmetic defects. Car dealers use kelley blue book used vehicle pricing information to set used car prices and values. Negotiating a used car price using edmunds true market value. The benefits you get from purchasing plugin jump starter or charger is that the charging portion of the equation.

Kelley and edmunds are always high in their prices. Because of the different ways that these guides arrive at the dealer retail. Therefore, you should never use nada books for real references. When buying a used car, its usually hard to know what a fair price is. 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. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Mar 11, 2020 kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. If used car values are higher in edmunds it might be good for the seller if you can convince a buyer that is what the value is. Kbb is the wholesale valuations and average market valuations for the united states.

The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value. They all use the kelley blue book for used car values when trading iin your car or buying a used car. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Both searches were done with comparable conditions and for private parties.