What is the difference between kelley blue book and nada

If you'd be so kind as to allow our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog. Autoblog Staff. At one time the Blue Book value was a used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot.

The Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. From used car lots to new car dealers , they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book! 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 the best deal , whether you're buying or selling new or used?

Read on. 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 — Autoblog. Kelley Blue Book, with more than 20 million unique visitors each month, promotes itself as offering the largest new and used car audience online. It rates its used car evaluations as Excellent, Good, Fair and Poor. 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.

Transaction data gives us an indication of what vehicles are currently worth through several different sales channels. 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.

Analysis of market data gives us an idea of what the auto market will look like in the future. This is happening all around the country. Americans are keeping their cars longer than ever before, and the average age of a car still on the road is approaching 13 years old. More consumers are shopping for and buying used and pre-owned vehicles, while many are only interested in learning how to find off-lease cars only.

But many questions remain, including:. The easiest way to learn the approximate value of a used car that you intend to sell or purchase is relatively easy. There are price calculators on kbb. People often check kbb vs nada. These companies also put those used car prices online, where you can find dealer retail prices, private-party prices and trade-in prices on almost any used car.

The easiest way to establish the book value for your used vehicles is to log on to one of the websites mentioned above, including kbb. It will ask you a few important questions about the vehicle and then calculate the price or book value of the used car. Here are six easy steps to determining your Kelley Blue Book Value. Kelley Blue Book KBB and most other car websites also offer listings of dealer inventory and pricing specials, car reviews, certified used-car listings and monthly payment calculators and other features to help you finance a vehicle.

The Kelley Blue Book Trade-In Range is what a consumer can expect to receive for their car on that particular week when selling it to a dealer.

A suggestion. Many of you are probably already familiar with the Blue Book, otherwise known as the basic pricing bible of the auto world. The Blue Book is available in bookstores and can also be accessed online , making it more convenient for consumers and dealers to seek out cheap deals and match prices. Published way back in , the Kelley Blue Book has been the go-to-choice for both car sellers and buyers.

Information is gathered primarily from wholesale auctions throughout the United States. Other sources of pricing reference include manufacturers, franchised and independent dealers, private parties, and rental fleets. Vehicle conditions are rated as excellent, good, fair or poor. Car prices here are found to be consistent among dealerships across the country, which means that one can easily compare the prices of an automobile from a certain state to that from another.

Designed for dealer members of the National Automobile Dealers Association NADA trade group, the guidebook uses actual retail sales data as they recognize the huge differences in the appraisals of certain vehicles.

Many dealers and trade professionals often refer to the NADA Guides as well as auction details when trying to determine a ballpark figure. In calculating the value of a particular vehicle, NADA uses three criteria: local market demand, wholesale price, and real-time retail market prices. Another difference is data gathering.