Is NADA or KBB more accurate?
Using NADA gives a good ballpark estimate of why the dealership prices cars the way it does, but KBB might give a better idea of how much the car is worth. If the dealership price matches the NADA price, look at the condition and cross-reference it with KBB. KBB will probably give a more accurate answer in both cases.
What does clean trade in mean?
Clean trade-in: Clean Trade-In values reflect a vehicle in clean condition. This means a vehicle with no mechanical defects and passes all necessary inspections with ease.
What does NADA car mean?
National Automobile Dealers Association
NADA stands for National Automobile Dealers Association, a name that reflects the company’s long-time status as a source that car dealers rely upon when making a deal.
Do car dealers use Kelly Blue Book?
Dealers use Kelly Blue Book to establish the value of trade-ins as well as comparing numbers to set their lot prices. 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).
Do dealers use Kelly Blue Book or NADA?
Most dealers do not use KBB for trade-in (wholesale) values. Instead, many rely on National Auto Research’s Black Book or the Manheim Market Report, neither of which is available to the public.
What is rough trade-in VS clean trade-in?
Rough Trade-In – This value considers interior and exterior damage, high mileage, and mechanical problems. Average Trade-In – This value is an average value for your vehicle, or what is close to what a dealer might offer you for your trade.
What is considered average trade-in?
The majority of vehicles in the wholesale market — about 50 percent — are considered “Average” in condition, according to NADA market data.
What Blue Book do dealers use?
Kelley Blue Book
While Black Book is mostly used by dealers, Kelley Blue Book (Not spelled Kelly Blue Book without the “e”) is mostly used by individuals looking to trade in or sell their vehicles. Since 1926, Kelley Blue Book has been one of the best-known names in the auto industry.
Does MSRP change over time?
Shoppers sometimes assume car prices vary because of decisions made by dealers. But the truth is that manufacturers adjust retail prices all the time and this can have big consequences on the car you end up with.