Kelley price guides are used throughout the auto industry to cite car values, but consumers need to dig a little deeper to determine reasonable purchase prices for used cars. First published in 1926 to help auto dealers, financial institutions, and others in the trade, the kelley blue book has been available to consumers since 1993. Therefore, you should never use nada books for real references. Sound transit uses inflated car values to collect higher tab fees. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. The app allows you to view pictures and videos, and it features a twitter feed. Take, for instance, a 2014 toyota camry, with 30,000 miles on it. Jan 11, 2008 unfortunately, kelly blue book has no bearing on the market place and their values are typically inflated. Also included are values for additional options and equipment, a table of acceptable mileage ranges by year, and tips on buying a used car. If you inform the dealer that you are aware that kelley blue book does not list the actual selling prices, but the retail prices, you may have a fair shot at getting the price you deserve. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. Super air nautique g23 2008 stingray boat co 195lx 2011.
Features search vehicle prices compare vehicles find a dealer. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. Nada guide, black book and kelley blue book compared autoblog. Aside from kelley blue book, check your cars value at or the nada guides website if you plan to sell your car or trade your vehicle toward another purchase. By allowing this behavior, kbb is destroying their own reputation as a trusted source. Kelley blue book believes that while a correction may be looming, we do not expect to see a repeat of the 40percent decline in values that took place during the second half of 2008. Retail values may also be inflated similar to tradein values, as a dealership. Kelley blue book values blue book values kbb vs nadaguides.
Consumer edition januarymarch 2012 paperback january 16, 2012 by kelly blue book author 3. Used car values, price guide and tradein estimator. Kelley blue book has made it easier than ever to access the uptodate values most relevant to industry, including lending value and auction value. Jul 15, 2011 so far in 2011, kelley blue book reported significant strength among values of fuelefficient subcompact, compact and hybrid cars. Check car prices and values when buying and selling new or used vehicles. Together our connected brands provide a comprehensive set of products and services that enable the smart, connected and enjoyable experience all car buyers and sellers expect.
Kelley blue book value bmw 2002 and other 02 bmw 2002 faq. Over the first 10 years of a cars life span, sound transits formula consistently overvalues a cars worth compared with kelley blue book values, resulting in higher cartab fees for owners. As an example, during the pricing collapse on large suvs in 2008, it took kelly blue book awhile to update their pricing to display accurately what was occurring in the market place. According to kelley blue book, values of fuelefficient vehicles dropped approximately 3 percent in july, a cumulative drop of 5 percent since values peaked in june.
About the kelley blue book value on used cars managing a. Whether you use the kelley blue book guide or prefer, the book pricing of vehicles can be a little misleading. In any of those ads you will always see a disclaimer. Kelley blue book new and used car price values, expert.
Bluebook car prices arent always accurate because there are a variety of. When a dealer employs the kelley blue book used car values, run out of the showroom as quickly as you can and do some more research before you. Quick values is flexible enough to serve organizations of any size. It is very unlikely that a dealer will ever offer the full kelley blue book tradein value price since kelley blue book prices tend to be a bit overinflated and dealers need to be able to make money on the vehicle when they. So far in 2011, kelley blue book reported significant strength among values of fuelefficient subcompact, compact and hybrid cars. How to use the kelley blue book kbb to find values of used cars. Hearing a car dealer quote the bluebook price means they are telling you what the car should be able to sell for in the retail market. We need a more empirical, methodical system for the valuation of houses, something like the kelly blue book system for valuation of automobiles. 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.
This app will provide you with information to help with researching a vehicle or disposing of the one you have. If you have questions, please feel free to call gayle anderson at 3234605732 or email gayle at gayle. If you want a better idea of what your car is truly worth, i would suggest going to because their values. Democrat senator marko liias has introduced a bill that would base our car values on a 2006 legislative schedule, which still overinflates values, but its closer to kelley blue book. Oct 25, 2016 as an example, during the pricing collapse on large suvs in 2008, it took kelly blue book awhile to update their pricing to display accurately what was occurring in the market place. Kelley blue book also lists this information separately. Apr 02, 2014 the kelley blue book values in the dealers guide will often be shown to you in order to stop you from negotiating a lesser price. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country. Why would a dealer sell a car below its kelley blue book. Jun 28, 2011 the kelley blue book early model guide provides suggested retail values of cars manufactured between 1946 to 1988 based on fair, good and excellent condition. If you want a better idea of what your car is truly worth, i would suggest going to because their values are much closer to actual trade in appraised values.
Kelly blue book allows dealerships to fraudulently present inflated car prices as valid, true kbb pricing. Feb 28, 2020 kelley blue book is a very good resource, but it should not be the only one you consult. Bluebook car prices arent always accurate because there are a variety of factors that go into calculating a used cars value. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Nada guides also provides data to banks, finance companies, insurance companies, and government agencies. Mar 28, 2017 yet the fair prices for used cars can be tough to sort out if you rely on a kelley blue book guide to check car values. Kelley blue book says the average 1yearold car is worth only 70 percent of its sticker price. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. From the perspective of a used car dealer, the kelley bluebook provides them with an. Kelley blue book can make buyers blue and the dealer green.
Kelley blue book new and used car price values, expert car. It was a pleasant surprise, but by the same token, i dont want to screw a 16 year old kid over. Sound transit says a 2yearold car is worth 89 percent of sticker price. 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. It is the value of the vehicle that its maker feels represents the. About the kelley blue book value on used cars sapling.
How to use the kelley blue book kbb to find values of. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. This gave an inflated price to anyone looking to kbb to. Kelley price guides are used throughout the auto industry to cite car values, but consumers need to dig a little deeper to. Dealers that seek out a waitandsee strategy can expect their inventory to decline nearly 2 percent for every month that a used subcompact, compact or hybrid car sits.
For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. Oct 07, 20 kelley blue book gathers information to determine pricing by using information from car auctions throughout the country. When a dealer employs the kelley blue book used car values, run out of the showroom as quickly as you can and do some more research before you really get screwedcheck the value of your car many. Whats up with private parties asking way above kelley blue book vehicle, minivan, seats automotive sports cars, sedans, coupes, suvs, trucks, motorcycles, tickets, dealers, repairs, gasoline, drivers.
Kelley determines blue book values by analyzing pricing information from real world used car prices, as well as industry developments, economic conditions. Although none of the top used car buying guides is perfect, when taken together along with additional. Kelley blue book is a proud member of the cox automotive family giving us more data and more resources to drive results for both consumers and our clients. So far this year, fuelefficient segments have increased far more aggressively than they have during the past two. Kelley blue book reports used car values for a variety of buying and selling transactions. Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car pricing information. Is it illegal to sell a car above the kelley blue book retail. You can find out what your current vehicle is worth, check prices for your next one, or find a dealer using maps and directions. Yet the fair prices for used cars can be tough to sort out if you rely on a kelley blue book guide to check car values. How does kelley blue book determine the value for a given. Kelley blue book regularly updates its motorcycle values to give consumers the pricing.
While completing research via a service like kelley blue book or can give you a reasonable idea. From january through may of this year, fuelefficient vehicle values increased 20 to 25 percent, surpassing the usedcar market average increase of 5 percent during the same time period. You might say we literally wrote the book on car values. Included in the msrp are the destination charge for the vehicle and the minimum required equipment cost. 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. Jun, 2012 in any of those ads you will always see a disclaimer. Appraisers need guidelines and standards to determine the value of a home. With values inflated 20 percent since the beginning of the year, we are likely to surpass the drops of both 2009 and 2010. You just log on the kelley blue books official website. Nada guides is a comprehensive vehiclelisting website that publishes blue book type specifications, research material, and pricing information on boats and personal watercraft as well as other types of vehicles. Kelley blue book automotive insights introductions, and additional hybrids come to market every year. This gave an inflated price to anyone looking to kbb to help either set the price or assume the cost. May 12, 2012 the response quora user provided is spot on.
Find the tradein value of your preowned vehicle here today. 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. Is it illegal to sell a car above the kelley blue book. As consumers continue to adopt hybrid powertrains and manufacturers continue to offer new hybrid introductions, kelley blue book foresees additional modest softening in values of hybrid.
Unfortunately, kelly blue book has no bearing on the market place and their values are typically inflated. That would blunt the negativity of inflated appraisals and lowball appraisals. Sep 28, 2015 manufacturers suggested retail price msrp. If you deceive yourself into inflating the value of your current car, it will only lead to difficulties later, when the dealership will deliver a reality check. The kelley blue book early model guide provides suggested retail values of cars manufactured between 1946 to 1988 based on fair, good and excellent condition. About kelley blue book values new and used car price. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Get the kelley blue book value for your used car or tradein vehicle, find. Kelley blue book is a very good resource, but it should not be the only one you consult. See all 3 formats and editions hide other formats and editions. Kelley blue book analysts are expecting values to remain soft through the rest of the year. Kelley blue book and edmunds are two of the most well known used car.
The reasoning comes down to an old school theory of trying to draw a new customer in to showroom by all means and make the sale. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Blue book used car values are determined by taking into consideration the equipment and options. In addition, you can also find out the added value of your car regarding the accessories that you have equipped it with. Oct 07, 20 retail values may also be inflated similar to tradein values, as a dealership may need to increase the selling price of a vehicle to offset negative equity in order to get a sale financed. Kelley blue book has developed, refined, and implemented thousands of complex algorithms based on extensive and continuous data research and theyve been doing it for almost 100 years. Jan 08, 20 yet the fair prices for used cars can be tough to sort out if you rely on a kelley blue book guide to check car values. Jul 14, 2008 kelley blue book is just the suggested retail value. The difference between kelley blue book and nada tradein.
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