Kelley blue book is more for the consumer to get a hold of the information. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue books fair purchase price tool is compiled from transactions conducted across the united states. What do dealers really mean when they refer to the blue book price. Estimates are available for used cars in extra clean. They have been around since 1918, while black book started in 1955.
I think black book probably also runs a retail, and they probably run a wholesale. Below we outline the various publications should one interest you. The blue book is the whitman book that lists dealer prices. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller. To use the book value calculator, simply follow the steps above to get.
Are you looking to sell your vehicle or trade it in. Difference between the red book the and black book. Nada guide, black book and kelley blue book compared autoblog. The kelley blue book is the most popular usedcar buying guide. The used car prices black book and blue book values serve different purposes. High mileage, vehicle damage, and the cost to recondition your car for resale all have an impact on the overall value of your car. The difference between kelley blue book and nada tradein. Canadian black book provides free car values, new and. Listed automobiles are appraised, and market values. 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. 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. Frequent updates allows for faster response to market fluctuations. The red book is vital and fairly comprehensive guide to us coins, i know dealers who dont consider coin a variety unless it is in there.
Their pricing and value data includes statistical analysis. Kbb is the wholesale valuations and average market valuations for the united states. Autoblog explains the difference between the nada guide, black book. What is the difference between black book value and kelly blue book value. Black book auto value as a thrifty car shopper, you may have heard dealers refer to a cars blue book value or learned of a reference guide called the black book as you hunted for used car deals. Discussion in us coins forum started by ivanv, jan 9, 2005. As a thrifty car shopper, you may have heard dealers refer to a cars blue book value or learned of a reference guide called the black book as. Rumbleon, on the other hand, uses resources with more accurate data, like black book. Values are presented on several scales, creating an unique price for every situation. The blue book started with just used car ratings and values, but evolved to include new prices. They will use a number of resources, namely kelley blue book and nada tradein value, but they mainly rely on their years of. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. The final used vehicle values are determined by kelley blue book through a proprietary editorial process.
Both can be valuable sources of price data as you approach the. Black book updates their used car prices on a weekly basis. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Blue book is a consumer guide that makes money from web advertising. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Is there a difference between black book vs kelley blue book trade in values. Difference between the red book the and black book coin talk.
Red book vs blue book us, world, and ancient coins ngc. Canadian black book also claims to be the standard by which vehicle values are determined in canada. There are many different iterations of the black book, such as black book first values and black book daily. What is the difference between black book value and kelly. Those who understand data collection are aware of the weaknesses inherent in kelley blue books value system.
Kelley blue book has developed, refined, and implemented thousands of complex algorithms based on extensive and continuous data research. Instead, many rely on national auto researchs black book or the. Black book is sold to industry insiders, and its values are based on car auction prices. Be aware that insider guides like manheim or black book tend to show lower wholesale prices. Theres also premium subscriber content, which involves information like wholesale prices and. The blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. Much more detailed and encompassing than the blue book, the red book is used by both collectors and dealers on a daily basis. Car dealers are experts when it comes to deciding a tradein price. Dealership new scam, nadablue bookblack book value. Kelley blue book new and used car price values, expert.
An updated version of this article is now available. The kelley blue book has become one of the major merchandising devices of modern vehicle selling. When it comes to buying or selling a car, its important to take advantage of the tools available for you. Kelley blue book often misspelled as kelly blue book collects its information by attending auctions throughout the country where it bases used car evaluations. 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. Both books claim to be the more accurate source of used car pricing guides. After doing some research i realized there was not much chatter about the difference between the official blue book handbook for u. How does kelley blue book determine the value for a given. This includes essential data points like how key attributes such as mileage, maintenance records, model, year, and trim options affect value. Kelley blue book also primarily utilizes asking price information in their weekly valuation processes.
The kelley blue book gets more traffic when it comes to being used by buyers. The black book is usually a culmination of values from the dealer auctions. Nada vs kelley blue book nada blue book, nada guide. Book value get the book value of your car easily and free. Definition of blue book value in the financial dictionary by free online english dictionary and encyclopedia. The best tool to determine your cars value car news. 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. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Kelley blue book how does it compare to market value. Black book vs kelly blue book trade in values fremont motor.
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. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Blue book value financial definition of blue book value. Insights from both data scientists and auto analysts that can steer you in the right direction. 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. 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 mileage. The blue book, although being used the most, is usually thought as a little less accurate in their prices. Comprehensive, accurate forecasts and insights not just numbers and formulas. 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. The primary focus of kelley blue book is on automobiles, but the company also provides. From used car lots to new car dealers, they all claim to sell cars at or below blue book.
Originally published as blue book of motor car values, the kelley blue book has been in use since 1926, when les kelley, a used car dealer, realized that his car valuation list which hed been using since the. Both the kelley blue book and the black book provide tradein and retail values on used cars. Occasionally, the black book will release special issues with a focus on rare or classic cars. From what i have seen the blue book is just rock bottom.
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. Start with the listed retail price and bargain down. The kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. It will help you work out the approximate book value of your car easily and free. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability.
The black book breaks down average coin values for all types of u. You might say we literally wrote the book on car values. 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. When the kelley blue book was first around, it was mostly used for evaluating ratings and values for cars, and eventually came to include new prices. 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. This pricing data comes from oems, wholesale auctions. 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. However, the blue book also provides figures on new cars and private. What is the difference between kelley blue book and kelley. Canadian black book provides free car values, new and used car prices, and vehicle listings. They are also lower than the edmunds price guide, and the nada. 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.