Why are Edmunds and KBB so different?

Black Book: Since the Black Book is a tool designed for dealers, it tracks wholesale prices and will often show lower values than KBB or Edmunds. Edmunds: Edmunds’s trade-in values may differ slightly due to different algorithms, but they tend to be higher than Black Book trade-in values.

Is KBB fair market range accurate?

Is Kelly Blue Book accurate? The short answer is no. Sometimes it takes a while for the information to get to KBB and reported in their pricing charts. In order to post prices they use an algorithm that takes prices posted on Autotrader which is the most widely used car selling site on the internet (and owned by KBB).

How accurate is NADA for cars?

Though, NADA is considered a very reliable resource of used car prices by most, to fully understand when, where, and what makes it so you must understand the basis it’s built on. That sounds simple enough, but many American consumers could be very misguided about its information.

Is Nada more accurate than KBB?

Many experts believe Edmunds’ values are more accurate than KBB’s. NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition. As a result, you may need to adjust NADA prices down.

Which is more accurate Kelley or Edmunds?

Edmunds: This website offers an appraisal engine that includes five car condition categories compared with KBB’s four. This can be helpful—or generate confusion—depending on how realistic you are about your car’s condition. Many experts believe Edmunds’ values are more accurate than KBB’s.

Do car dealers use KBB or NADA?

Kelley Blue Book and Edmunds are two of the most well known used car pricing guides in the United States. There is also another: NADA—but, NADA is usually used by banks or car dealers to show you an inflated price value. Therefore, you should never use NADA books for real references.

How does KBB determine?

Kelley determines Blue Book values by analyzing pricing information from real-world used car prices, as well as industry developments, economic conditions, and location.

Do dealers go by Kelley Blue Book?

Car dealers use Kelley Blue Book used vehicle pricing information to set used car prices and values. 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.

Is VAT a MSRP?

MSRP is simply the manufacturer’s suggested retail price – but only a fool would pay this price. Note that the MSRP does not include taxes, license, or registration fees. Dealers expect you to pay sticker price, and sometimes even above that if the vehicle just hit showrooms and demand is higher than supply.