Auto Black Book Vs Blue Book

Kelley blue books fair purchase price tool is compiled from transactions conducted across the united states. 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. In addition situations can change.

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Auto black book vs blue book. 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. Black book acquires their pricing data from wholesale auctions and retail. The trade in value according to that site is 8700 to 11700. The primary focus of kelley blue book is on automobiles but the company also provides values for motorcycles personal watercraft and snowmobiles.

Black book updates its online information daily while kelley blue book or kbb updates its information weekly. Has anyone else experienced this huge differential. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell both the black book and the kelley blue book can help in finding wholesale prices for new or used vehicles but if you wish to evaluate the price of a classical car stick with black book. Traditionally dealers have relied upon black book for determining how much they.

However the blue book also provides figures on new cars and private party sales and its rating system on used car conditions is different from the black books. Then i looked it up on the new black book which is supposed to accurately depict trade in value. Black book provides the wholesale or auction value of your car which is the amount a dealer might pay for it. Both the kelley blue book and the black book provide trade in and retail values on used cars.

Black book is sold to industry insiders and its values are based on car auction prices. The black book on the other hand is a dealer driven book. 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. Blue book is a consumer guide that makes money from web advertising.

Both kelley blue book and black book gather thousands of data points from auctions banks and leasing companies all over the country. However remember these comparisons can change week to week for black book month to month for the others and definitely region to region. The pricing deals with wholesale values and the most up to date car sales. For example in an earlier study black book data showed lower wholesale values than the nada guide but higher than the kelley blue book numbers.