Today, black book is a division of hearst business media corporation. These men regularly attended dealeronly, local car auctions. Kbb is the wholesale valuations and average market valuations for the united states. Both the kelley blue book and the black book provide tradein and retail values on used cars. For these reasons, the black book is more widely used by dealers, and the blue book is more useful for drivers. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. This includes essential data points like how key attributes such as mileage, maintenance records, model, year, and trim options affect value. Oct 07, 20 kelley blue book gives you a general idea of what you can expect for your vehicle on the private market and can be used as a good starting point for negotiations. 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. The black book, however, deals more with uptodate car sales and wholesale pricing values, so the information is more useful for car dealers. 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. The pricing deals with wholesale values and the most up to date car sales.
Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. The kelley blue book gets more traffic when it comes to being used by buyers. Car dealers are experts when it comes to deciding a tradein price. The magazine is circulation controlled, restricted to dealers and financing. Black book and kelley blue book are both usedcar pricing guides. Learn about kelley blue book, edmunds,the black book, n. Both books claim to be the more accurate source of used car pricing guides.
The difference between kelley blue book and nada tradein. Amazons choice for black to blue book vekkia b076svc7sn luminolite rechargeable 3000k warm 6 led book, easy clip lights bed. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Can i get a canadian blue book price on a used car. Unlike edmunds, however, kelley values generally cater more toward the dealer. The company is owned by the cox automotive subsidiary of cox enterprises. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Dealership new scam, nadablue bookblack book value. Whats the difference between the red book and the blue book. 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. The blue book market report explores the state of the automotive industry by analyzing kelley blue book auction values. The blue book and black book are two resources that provide information on car values.
The name itself originates from an old registry which lists those of high society and was named the blue book. Black book used car values kelly black book nadaguides. Black book is sold to industry insiders, and its values are based on car auction prices. 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 books. The used car prices black book and blue book values serve different purposes. They will use a number of resources, namely kelley blue book and nada tradein value, but they mainly rely on. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. However, the kelley blue book doesnt have a direct counterpart in canada. Formally known as the kelley blue book, it was originally. The black book value is used by auto dealers to determine how to price vehicles, while a kelley blue book value helps consumers estimate the value of their car. This is an as is value that does not include any warranties. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships.
At one time the blue book value was a used car insiders term like cream puff or cherry, but today the. 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. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying. Whether youre buying or selling a car, or even just conscious these days, you.
They are also lower than the edmunds price guide, and the nada. 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. According to carsdirect, the kelley blue book is the established authority for used car values in the united states. Feb 20, 2020 blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Years ago the red book was the collector guide and the black book was a dealer guide. The black book is the wholesale version of the books above and shows relative wholesale values when you sell coins into the market. 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 blue book is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. 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. Kbb is used more frequently and has been around since 1918, while the black book started in 1955. The red book could prove useful if you want to know how much your old rig is worth. The printed canadian blue book is the definitive pricing guide for dealers of new and used motorcycles, snowmobiles, atvs and watercraft. Nada guides often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts and serve as an essential tool during the car buying process. Canadian black book has been in the business of providing current and accurate pricing information for over 40 years.
When youre visiting a dealership, you can walk in confidently with the kelley. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. The final sales price depends on the cars actual condition and local market factors. A blue book or bluebook is an almanac, buyers guide or other compilation of statistics and information. Kelley blue book is probably best known for trade in values and private party values for the car you already have. The 52yearold, widelyused black book guide is circulation controlled, restricted to dealers and financing sources. Kelley blue book both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. Kelley blue book new and used car price values, expert. Certified preowned cpo cars are highquality, lowmileage used cars that have been thoroughly inspected and backed by an extended warranty. 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. Dec 01, 2014 learn about kelley blue book, edmunds,the black book, n. When it comes to buying or selling a car, its important to take advantage of the tools available for you.
What is the difference between black book value and kelly. The fair market range and fair purchase price are based on massive amounts of data, including actual. Still the most experienced valuation services, reflecting the most current offerings in the industry. The black book cherry mobile application is our flagship subscription service, giving you the power to be the ultimate decision maker. The company began as the kelley kar company founded by les kelley in 1918. Blue book is a consumer guide that makes money from web advertising. An ama membership gives you full access to resources that can help you prepare for the trip to the dealership, negotiate the best deal possible, and protect your new purchase. Jan 07, 2014 much more detailed and encompassing than the blue book, the red book is used by both collectors and dealers on a daily basis.
What is the difference between kelley blue book and kelley. Our apis provide automobile values and specs directly into our customers applications. For credit acceptance dealers only must download black book digital companion app. Canadian black book provides free car values, new and used car prices, and vehicle listings. In 1926, les kelley created the signature kelley blue book. Visit canadian black book and select a make and a model to find the right car that suits your need. In 1955, three businessmen founded black book in georgia. Kelley blue book receives realworld used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers. They have been around since 1918, while black book started in 1955. 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.
I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. Black book cherry dealer mobile app for better decisions. 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. Estimates are available for used cars in extra clean, clean, average and rough conditions. Kelley blue book divides the condition of used vehicles into four grades. Their valuations are more specific than the kelley blue book. Difference between the red book the and black book coin talk. Black book, best known for its wholesale usedvehicle values, is now the official valuation service for, a thirdparty internet shopping site, the companies said today.
You can determine the condition of a vehicle by taking a condition quiz found on the equipment selection page, or by comparing the car to these category definitions. 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. Many dealers utilize the kelley blue book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that level. Apr 15, 2020 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. Kelley blue book gets price data from the same places as black book, along with new and used car dealerships. The automotive black book is another valuation system for valuing cars. The term dates back to the 15th century, when large blue velvetcovered books were used for recordkeeping by the parliament of the united kingdom. Otherwise, it might be preferable to use black book and save your money. Kelley blue book and the black book are two major resources available which can help you assess the. Nada guide, black book and kelley blue book compared autoblog. Plus, it updates its information weekly, while black book updates it daily. Discover inventory, scan a vin, and research valuations and retail insights.
This information is now also available online by subscribing to our online services. Both kelley blue book and black book gather data points from auctions, banks and leasing companies all over the country. Powered by canadian black book the industry leader in residual values for more than 55 years it takes just a. Black book vs kelly blue book trade in values fremont motor. Black book is the canadian version and is what the dealers use to assess wholesale. They claim to be the known and trusted source across the.
Find the right value to sell or purchase and never overpay again. Unlike and, the black book web site does not provide data, only links you to dealers. The black book on the other hand, is a dealer driven book. Getting a tradein estimate for your vehicle is as easy as 123. The best tool to determine your cars value car news. You might say we literally wrote the book on car values.
The black book was established in 1955 by three businessmen in gainesville. The oxford english dictionary first records such a usage in 1633. 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 clean, average or rough. Kelley blue book is an irvine, california based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry.
Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Numerous identifying specifications included with each model of vehicle. Nada, which is the national automobile dealers association, uses actual retail sales data provided by its member car dealersas there are sometimes large differences in the. Feb 28, 2020 kelley blue book receives realworld used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and private party. Step 1 simply tell us a bit about your vehicle make, model, year and trim. Kelley blue book is more for the consumer to get a hold of the information. If you compare prices in both you will agree the red book will make you feel much better. The kelley blue book also gathers its data from a number of different sources. For new car shoppers, the kelley blue book fair market range and fair purchase price go beyond widely available new car prices like msrp and dealer invoice to show you what you can expect to pay for a new car in your area this week. Studies indicate that the kelley blue book provides lower pricing the black book car pricing.
Though seemingly similar, the black book and kelley blue book serve slightly different purposes. Kelley blue book vs black book indiana andy mohr automotive. Currently available in xmlsoap format, our vindecoding apis come with critical. The blue book is a consumer driven book, where drivers can look to see what they can expect to pay or receive for their vehicle. Auto data, values prices api, databases auto red book. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Kelly blue book kbb and the national automobile dealers association nada are two other popular. Keep reading to find out all about the 2 main sources for used car, truck and other vehicle pricing.
339 851 1288 170 836 1465 132 1042 1537 96 200 285 879 243 197 888 651 519 760 1652 2 1646 152 1362 438 126 972 56 345 1401 905 1109 127 1637 1441 1647 1244 47 976 895 1059 807 111 1094 478