A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the data analytics necessary to successfully buy, sell, and lend. "Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. All these value types are published monthly and with them we make every effort to reflect real price movement in the marketplace without including inherent random market volatility."īlack Book Now under the Hearst publishing umbrella, a We also publish a Loan value to help lenders establish a baseline amount of credit to extend on a vehicle purchase. Our rough, average, and clean Trade-In values are intended to represent typical prices of trade-ins at various conditions. Our retail values are intended to represent the sale price of a clean vehicle at a car dealer. Like other vehicle value providers, NADA Used Car Guide publishes different value types that represent values through different sales channels. Analysis of market data gives us an idea of what the auto market will look like in the future. Market data also comes in through multiple sources and concerns economic factors that include fuel price, employment figures, interest rates and incentive data, among others.
Transaction data gives us an indication of what vehicles are currently worth through several different sales channels. Generally into two categories: transactional data and market data. "NADA Used Car Guide begins its valuation process with data collection, grouped NADA Guide supplied us with this overview: Power & Associates (while still based in Northern Virginia), a spokesman for the NADA Guide: The Yellow Book Now owned by J.D. 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. It rates its used car evaluations as Excellent, Good, Fair and Poor. Kelley Blue Book has historically collected its information by attendingĪuctions throughout the country. Kelley Blue Book, with more than 20 million unique visitors each month, promotes itself as offering the largest new and used car audience online." Kelley Blue Book As suggested by a KBB.com spokesman, "with 90 years of trust in providing the auto industry with data and several decades of providing car shoppers with valuable information, Kelley Blue Book's KBB.com allows consumers to become the experts on their purchase, helping fuel definitively smart auto choices with editorial reviews, pricing tools, consumer ratings and more." Notable, also, is the intuitive nature of the value search, and a trade-in range that seems more optimistic than that offered by Black Book. There are three principal reference sources heading a wide array of vehicle pricing information available today through printed matter, the Internet, and a varied assortment of online communicators, including – of course – What, actually, is a Blue Book? Who started this whole arbitrary pricing bible? How accurate are they and how do they get their numbers? Most importantly, do they provide truly valuable information to help you get theīest deal, whether you're buying or selling new or used? Read on.įind out how much your car is worth with Autoblog's Used Car Book Values tool. From used car lots to newĬar dealers, they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book! Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. Used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot. Truck or SUV, you can't get away from what we'd call Blue Book mania. "Blue Book pricing!" "We're selling below Blue Book!" "Get true Blue Book value for your
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