Although, there are many misconceptions about the guide that create confusion among consumers. Understanding kelley blue book values dealer edition. In december 2010, kelley blue book was purchased by. It would depend on the dealer, the car youre buying, and the car youre selling. Kelley blue book has made it easier than ever to access the uptodate values most relevant to industry, including lending value and auction value. Why doesnt kelley blue book list tradein values, private party values, or a used car fair purchase price. Vehicle valuation for car dealers kelley blue book b2b.
In 1926, les kelley created the signature kelley blue book. The kelley blue book used suggested retail value represents the average dealer asking price. Quick values is flexible enough to serve organizations of any size. In fact, the final sale price will likely be less depending on. I thought that normally they would try to price it higher. The kelley dealership continued to expand until it was the largest used car dealer in the country.
The data they provide is critical to our valuation methodology. These men regularly attended dealer only, local car auctions. By using data collected from the dealership, kelley published the companys first blue book in 1926, which became a standard guide in automotive trade in determining car value. Researching the values of preowned boats and jet skis on the internet is a fairly easy process, and the national automobile dealers association guides can be immensely helpful. For example, the dealer might use software from kelley to print window stickers that. Kelley blue book is a popular evaluation guide for consumers and dealerships. Black book used car values kelly black book nadaguides. The kelley blue book is a great tool for customers to make sure that their beloved vehicle is being tradedin for a fair value, and that they are paying a fair price for their new car. Kelley started the company with three model t fords. Cox automotive retail solutions covid19 assistance program june update.
Find and compare thousands of new, used, and cpo cars, and get the kbb fair purchase price for the car you want to buy. Keep in mind that kelley blue book is simply a guide and your trade in value could be much lower or much higher than kelleys value. Once again, this years top 10 models are dominated by trucks. Kbb used car values, dealers used car cost, kelley blue. Kelley blue book gives you everything you need to value your current car and find your next one. In 1955, three businessmen founded black book in georgia. As a soft rule of thumb, this dealer cost is as low as the dealer can sell the car without losing money and represents the minimum car value. The fair market range and fair purchase price are based on massive amounts of data, including actual. Build car shoppers trust in your dealership and get instant access to current, regionalized car values with kelley blue book vehicle valuations. Kelley blue book how does it compare to market value. Can i realistically get the kelley blue book price. Provide your customers with easy access to the most trusted values in the industry. Kelley blue book maintains relationships with large and small dealers and dealer groups. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller.
Kelley blue book names 2020 best resale value award. The dealer invoice, or invoice price, refers to the amount the manufacturer actually charges the dealer for the new car. The tax one pays is based on the difference between the price of the car you purchase and the value given on your tradein, if done at a dealer. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which. Tradein value and suggested retail value prices are available for both sellers and buyers planning to interact with a dealer. In a sense, the kelley blue book tradein value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on a new car. Blue book used car values are determined by taking into consideration the equipment and options. Kelley blue books analysts are impressed at the residual values of our best resale value. 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. Traditionally dealers have relied upon black book for determining how much they should pay for tradeins.
Jan 24, 2020 kelley blue books analysts are impressed at the residual values of our best resale value. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or selling, and even get a cash offer from a dealer in your. I am trying to decide between a 02 jeep wrangler and a 05 toyota tacoma. What is kelley blue book kbb kelley blue book or kbb for short is a guide that establishes values for used cars, trucks, suvs and other used vehicles. This is an as is value that does not include any warranties. Selling privately, youre unlikely to get the kelley blue book trade in price, but that doesnt mean youre getting a bad deal, simply a fair market price. Used car values, price guide and tradein estimator.
The blue book is limited though, and does not always reflect the accurate price, as of today, for a. The kelley blue book tra dein value is kelley blue books estimate of what a consumer can expect to receive from a dealer for a tradein vehicle assuming an accurate appraisal of condition. The company began as the kelley kar kompany founded by les kelley in 1918. We give you direct access to the kelley blue book tradein evaluation tool, using the latest used car tradein guide to help you find out the trade value of your used car. Fca strives to ensure that its website is accessible to individuals with disabilities. The name itself originates from an old registry which lists those of high society and was named the blue book. His younger brother, buster, worked with kelley as a lot boy.
Kelley blue book values blue book values kbb vs nadaguides. Blue book trade in value, maximize your used car trade in. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. With this knowledge, you will have the confidence that you are getting a vehicle that will meet your needs as well as the necessary information to negotiate effectively. If so, then you might have checked kelley blue book kbb to determine a fair selling price. Vehicle valuation tools to effectively manage your inventory. Blue book trade in value, maximize your used car trade in value. Instant cash offer is a real offer for a specific amount to purchase a consumers car or apply the amount toward another car. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Check car prices and values when buying and selling new or used vehicles. Apr 02, 2014 the kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. It is difficult for anyone but the dealer to know this. Kelley blue book new and used car price values, expert car.
Will an auto dealer give me the kelly blue book value of. Kelley blue book used cars value calculator how to easily. The kelley blue book was founded in 1926 by california car dealer les kelley to help fellow car dealers assess the value of used cars. Jan 27, 2012 kelley blue book is similar in that it offers target pricing information for used cars. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. You might say we literally wrote the book on car values. Let kelley blue book help you negotiate the best price for your vehicle tradein, find a dealer that has the car you want, and start the tradein process. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. The kelley blue book private party value reports on a fair. I looked up both their values on kelley blue book and found that the two dealers are pricing the cars below the suggested retail value according to the kelley blue book website. Should you encounter an issue accessing any content on.
Jan 21, 2020 kelley blue book s analysts are impressed at the residual values of our best resale value. Does the kelley blue book value include the final price. Steps on how to check you car value with kelley blue book online the kelley blue book is the recognized leader in determining used car values. Both the dealer version and the online consumer version of the blue book will provide what is called the suggested retail value for a specific used car. How do car dealerships use kelley blue book kbb values.
This guide contains information regarding the market values of personal watercrafts that will assist both buyers and sellers in establishing realistic and obtainable prices for their vehicles. This guide contains information regarding the market values of personal watercrafts that will assist both buyers and sellers in establishing realistic and. Kelley blue book is similar in that it offers target pricing information for used cars. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot. Why would a dealer sell a car below its kelley blue book.
Kelley blue book reports used car values for a variety of buying and selling transactions. The prices listed in the trade edition of the book published for the auto industry only indicate the value of vehicles that have been reconditioned to. Nada guides also provides data to banks, finance companies, insurance companies, and government agencies. Nov 17, 2014 back to the books, since each of the three value data industry leaders claim to offer the most accurate information and the best deal to buyers and sellers, aol autos decided to investigate by researching the used car values of three different types of vehicles in each of the three books, kelley blue book, black book and the nada guide. The blue book increased in popularity as well, moving beyond its regional boundaries and becoming a nationwide car value guide for dealers. Nada guides is a comprehensive vehiclelisting website that publishes bluebook type specifications, research material, and pricing information on boats and personal watercraft as well as other types of vehicles. Kelley publishes more than one price guide for used cars, but the one your dealer is likely to use is the one labeled kelley blue book auto market report official guide, the version of the. Researching the values of preowned boats and jet skis on the internet is a fairly easy process, and the national automobile dealers association nada guides can be immensely helpful. This kbb used car values guide is packed with some very powerful, completely free information that will show you how to figure a car dealers used car cost and how to maximize your trade in value to get top dollar.
If youre buying the car from an individual instead of a dealership, look at the kelley blue book private party value. This value will likely be less than the kelley blue book private party value because the reselling dealer incurs the cost of safety inspections. The blue book is limited though, and does not always reflect the accurate price, as of today, for a car with your exact specifications. Brand winners, subaru and porsche, and newcar shoppers would be wise to consider a vehicle from one of those two brands to get the most bang for their buck in the long term, said eric ibara, director of residual values for kelley blue book. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. With kelley blue book, you can visit one website to gather all the details you need to ensure that you are getting the best deal on a new car or the best price for an old one. Keep in mind that this should serve as a starting point for negotiations and is no way representative of the final amount you should pay. The kelley blue book trade in range shows what a consumer can expect to receive for their car this week when trading it in at a dealer.
Find the tradein value of your preowned vehicle here today. Mar, 2017 the kelley blue book is a great tool for customers to make sure that their beloved vehicle is being tradedin for a fair value, and that they are paying a fair price for their new car. The kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. Does the kelley blue book value include the final price after.
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. Kelley blue book trade in value is kelleys estimation of what a consumer could expect to receive for their vehicle if they were to trade it in to a car dealer. It gives you an idea of the asking prices you might see on dealer s lot. Kelley blue book used cars value calculator how to. In a sense, the kelley blue book tradein value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on.
Kelley blue book new and used car price values, expert. Kelley blue bookss tradein price assumes youre buying another car and the dealer has some profit to play with. Shop for new cars and used cars at kelley blue book. Kbb used car values, dealers used car cost, kelley blue book. This is the value the dealer will use if the window sticker price is based on kelley blue book pricing. The offer is valid for 3 days not counting sundays and can be immediately redeemed during business hours at any participating dealer, pending inspection. The final sales price depends on the cars actual condition and local market factors. If youre buying a used car at a dealership, start with the typical listing price. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. 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 names 2020 best resale value award winners. Select your closest jeff wyler dealership below to get started and go directly to our value your trade page. Kelley blue book guide became the first publication to use mileage to determine a cars value.
1047 155 731 833 990 550 713 939 1248 23 1095 1386 1213 970 1034 454 172 694 558 369 39 588 911 1229 970 140 1490 831 1541 849 1412 1218 936 173 144 1149 1474 169