Dittoimage sourcegetty images black book and kelley blue book are both used car pricing guides. What is the difference between black book value and kelly blue book value. 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. 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. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Black book is sold to industry insiders, and its values are based on car auction prices. What is the difference between black book value and kelly. The best tool to determine your cars value car news. Powered by canadian black book the industry leader in residual values for more than 55 years it takes just a minute to get the tradein value estimate for your vehicle. Black book vs kelly blue book trade in values fremont motor.
Tradein value when you want to trade your car to a dealership. Kelley blue book we use real values of local cars for sale by other franchised dealers to provide a more accurate instant market value estimate of your used car. Kelley blue book values blue book values kbb vs nadaguides. Getting a tradein estimate for your vehicle is as easy as 123. Black book weekly values lite black book used car values. Oct 26, 2009 kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Car book value get the estimated book value of any car. Both the black book and the kelley blue book can help in. 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. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue. The automotive black book is another valuation system for valuing cars.
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. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. The black book is also popular, though not as old, as it was started. You might say we literally wrote the book on car values. Canadian black book provides their raw data that can be built directly into applications for service on the web.
Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. The used car prices black book and blue book values serve different purposes. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. The best tool to determine your cars value car news auto123. An updated version of this article is now available. Aside from their different colours, they all provide similar services and data to help owners determine the market value of their car. 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. They are also lower than the edmunds price guide, and the nada. This is an as is value that does not include any warranties. Dec 31, 2019 used truck prices black book typestrucks. The kelley blue book gets more traffic when it comes to being used by buyers. Both books claim to be the more accurate source of used car pricing guides. 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 early 1920s provided a service to other car dealers.
The kelley blue book is another car valuation guide that attempts to estimate the value of used cars. Feb 28, 2020 the kelley blue book is the most popular used car buying guide. Black book used car values automotive data with black book. The blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. The kelley blue book is the most popular usedcar buying guide. It collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. The final sales price depends on the cars actual condition and local market factors. The kelley blue book has been trusted by many buyers since 1918. Used car values look up for kelley blue book so many people today are engaging with the car market. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. Kbb is the wholesale valuations and average market valuations for the united states. What is the difference between kelley blue book and kelley. Find out what your car is worth at, the trusted resource for used car values.
Nada guide, black book and kelley blue book compared autoblog. The kelley blue book price is a trademarked car valuation from kbb. Black book used car values kelly black book nadaguides. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. They have been around since 1918, while black book started in 1955. Like other vehicle value providers, nada used car guide publishes different value types that represent values through different sales channels. We offer free price and valuation tools where new and used car shoppers can look up the. Theyre all terms used to describe the estimated market. Car book value get the estimated book value of any car in.
Looking for the book value of a car in south africa. The black book is usually a culmination of values from the dealer auctions. Is black book car pricing generally higher or lower than blue book values. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Kelley blue book new and used car price values, expert. When it comes to buying or selling a car, its important to take advantage of the tools available for you. 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. The history of used truck prices black book refuted. Many people use this term, along with black book or edmunds tmv. Look up used car trade in values and values for private party sales or find the certified preowned or retail value of a vehicle before buying a used car. New car, used car, residual values plus other information is prepared and made available in spreadsheet or delimited text format. Find the right value to sell or purchase and never overpay again. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. Manufacturers, wholesale auctions, franchised and independent dealers, rental companies and financial institutions are among the data sources used to calculate new and used vehicle prices.
Blue book is a consumer guide that makes money from web advertising. Black book visits 60 auctions nationwide every week to gather the most up to date information on used car values. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Kelley blue book is more for the consumer to get a hold of the information.
I use the kelley blue book and the black book for used car valuation. With the increased need to commute and the convenience of cars, this is a necessity. Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate. Get used car values with edmunds car value appraisal tool. Keep reading to find out all about the 2 main sources for used car, truck and other vehicle pricing. 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. Canadian black book provides free car values, new and used car prices, and vehicle listings. Be aware that insider guides like manheim or black book tend to show. In the long run, kelley blue book used car pricing can act as a great barometer for purchasing and selling a motor vehicle. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. 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 guide received a significant vote of trust during.
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. 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. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Both kelley blue book and black book gather data points from auctions, banks and. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources. Learn about kelley blue book, edmunds,the black book, n. 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. Find out the difference in our kelley blue book vs. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. 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.
Car prices and values for trucks and suvs black book values. Black book vehicle values black book used car values. Dec 01, 2014 learn about kelley blue book, edmunds,the black book, n. The kbb also creates its estimates based on auction data, but it focuses more on the retail and private party resale value of cars than the black book. Both the kelley blue book and the black book provide tradein and retail values on used cars. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle.