Looking at current market conditions and seasonality. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. 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 kelley blue book suggested retail value is not an appropriate value for donations. The kelley wholesale blue book value is by far the most used, of kbbs four used car values, by car dealerships, their used car managers and their finance managers. Car dealers are experts when it comes to deciding a tradein price. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. Depending on what the visitor is looking for, one of the two options can be clicked on. Kelley blue books analysts are impressed at the residual values of our best resale value. Shop for new cars and new car prices at kelley blue books. If the user wants to trade the watercraft, the tradein value option can be used and for. Book kelley blue book retail value of my car april 26, 2020. Unfortunately, with the everchanging market today the used car blue book value that you are getting may not be accurate. The blue book or kelley blue book lists new and used car prices, helping car buyers determine the fair market value and tradein value of automobiles.
Brand winners, subaru and porsche, and newcar shoppers would be wise to consider a vehicle from one of those two brands to get the most bang for their buck in the long term, said eric ibara, director of residual values for kelley blue book. The retail blue book value, as defined by kelley blue book kbb is their suggested retail value msrp for used cars and is the expected starting price for a used vehicle that has been fully reconditioned and is available for sale by a car dealer. It enlists the retail and wholesale values of cars in the market. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Nadaguides has a classic car valuation search that can be quite useful in determining the value of your classic vehicle. The guide not only lists the value of new vehicles, but it also lists used car values. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. This is an as is value that does not include any warranties. New car prices and used car book values nadaguides. The term kelley blue book value or often just blue book value refers to a price that signifies how much a car is worth as determined by the car guide kelley blue book. Private party values are free to consumers on the companys web site. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. 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.
It is not only the most important value to dealers, but is the most important value to the consumer as well. Is it illegal to sell a car above the kelley blue book. Kelly blue book allow you to ascertain the worth of used truck and also allow you to come across the actual cash value of truck. Search and compare hundreds of new car vehicle categories and models.
Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. The kelley blue book value is one of the oldest resources around for determining the value of your used vehicle. Kelley blue book values blue book values nadaguides. Kelley blue book names 2020 best resale value award winners. It helps to have a trusted pricing source on your side. The importance of kelley blue book value used cars and trucks.
The kelley blue book also lists trade values on vehicles. Kbb is a multidecade old automobile research company. Kelley wholesale blue book value, kbb used car invoice. Kelley blue book value used cars and trucks jeepcarusa. The amount consumers can expect to receive from a dealer for a tradein vehicle. In a sense, the kelley blue book tradein value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on. As we know that kelley blue book is a website that will show information about the estimated value of your vehicle if you want to trade it in as well as show the retail value. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. 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. Values are presented on several scales, creating an unique price for every situation. Kelley blue book new and used car price values, expert car. This suggested retail value assumes that the vehicle has been fully reconditioned and has a clean title history. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses.
Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Kelley blue book how does it compare to market value. The term blue book value refers to the value of a vehicle by a guide known. A dealer paying blue book for a tradein is either going to retail the car more profit or push it back through the auto auctions, often at a loss. Steps on how to check you car value with kelley blue book online the kelley blue book is the recognized leader in determining used car values. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide.
The final sales price depends on the cars actual condition and local market factors. Both new vehicle invoice prices and kelley blue book provide a way to compute the fair market value of a car or truck. Many people use this term, along with black book or edmunds tmv. It also includes the value of motorcycles, value of boats and other automotive in the market. Blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Blue book is a common terminology to describe the market value of used, new, and also classic cars. Kelley blue book suggested retail value the value that is representative of. In short, it gives you the important knowledge related to the cars. Selling privately, youre unlikely to get the kelley blue book trade in price, but that doesnt mean youre getting a bad deal, simply a fair market price. You need to remember that the actual selling price will be less or much less because retail value includes such dealer expenses like. The final used vehicle values are determined by kelley blue book through a proprietary editorial process. Kelley blue book recommends using the private party value instead of the used retail or trade in values for vehicle donations.
Brand winners, subaru and porsche, and newcar shoppers would be. If you are planning on trading your vehicle in, this can give you a good idea of that the value of your vehicle is, and what you are looking at in terms of the tradein offer from the dealer. I use the kelley blue book and the black book for used car valuation. 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. Kelley blue book value is just one appraisal guide used by consumers to determine fair vehicle pricing. How to find classic car blue book values it still runs.
We have new and used copies available, in 0 edition. This pricing data comes from oems, wholesale auctions, dealerships, rental companies and. Counting on nada and kelley blue book to know your. Get used car values with edmunds car value appraisal tool. The kelley blue book price advisor shows you what you should pay for. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. You might say we literally wrote the book on car values. Kelley blue book also primarily utilizes asking price information in their weekly valuation processes. The kelley blue book determines the value of a vehicle by. Get the kelley blue book value for your used car or tradein vehicle, find. Kelley blue book new and used car price values, expert.
My cars value kelley blue book new and used car price. Prices up more than 2 percent march 2019 on fullsize. It is not illegal to sell your car above the kelley blue book value, although you may find that finding a buyer is difficult if youre asking for too much money. The difference between kelley blue book and nada tradein. 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. But, if you are living in canada, that is a different story.
The blue book increased in popularity as well, moving beyond its regional boundaries and becoming a nationwide car value guide for dealers. You have to consider not just the type of vehicle, but the vehicle condition, mileage. The kelley blue book suggested retail value is representative of dealers asking prices and is the starting point for negotiation between a consumer and a dealer. 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. Used car values, price guide and tradein estimator. A trusted resource for almost a century, the kelley blue book actually provides three different values for cars. The options are kelley blue book tradein value and kelley blue book retail value. Theyre all terms used to describe the estimated market. Once again, this years top 10 models are dominated by trucks. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. 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 canada nada guide nada book value.
Research the latest new car prices, deals, used car values, specs and more. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller. Check car prices and values when buying and selling new or used vehicles. This is for ad cars and doesnt usually apply to all the cars on the lot. The keywords from above are suggested and starting. What is your car worth and what is your vehicle book value. Kelley blue book is similar in that it offers target pricing information for used cars. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy. If you have a tradein, learn the value of your current car. Kelley blue book used cars value calculator how to.
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. 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 values blue book values kbb vs nadaguides. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Kelley blue book retail value of my car april 26, 2020. You can look up your used car or truck and access the trade value on that vehicle. The kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. Find out what your car is worth at, the trusted resource for used car values. Nada guides is the leader in accurate vehicle pricing and vehicle information. Kelley blue book names 2020 best resale value award. 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. This price is an average listing price of the vehicle throughout the country. The kelley blue book price is a trademarked car valuation from kbb.
679 73 1541 1327 1302 1381 675 1161 31 1115 1467 1468 316 109 97 44 611 956 275 759 946 993 437 907 620 332 449 615 753 1299 1256 1011 764 1136 1492 868 961