How a dealership evaluates a trade, and why KBB is almost worthless
If I used KBB, the car would've been worth 47,399, almost 2k more than the average retail in the market. Dealers want trades, but they also need to be able to sell the vehicles. The information on KBB is skewed because of update lag time, consumers putting in wrong condition, or double booking equipment (adding value for features that already ...
Why have KBB used car prices fallen all of a sudden : r/UsedCars
Dec 18, 2023 · Yeah used car prices were inflated because of the lack of new car supply from COVID. Supply is now back up, and also interest rates are higher so car payments are higher. Used car prices are now dropping back to normal. It made very little sense to buy a used car the past few years when new ones weren’t much more.
Most accurate value estimator? KBB vs. CoPilot vs. NADA
Oct 26, 2022 · In my experience, NADA seems to be the absolute worst in lower trade in values and higher retail prices. If anything KBB tries to say your car I'd typically worth more either private party, or you should at least be getting a higher margin on it. Not familiar with CoPilot, but my experience usually is KBB is more accurate
What are some good resources to check proper values of used cars?
Mar 10, 2022 · Most used car listings are priced pretty close to what the seller is expecting (i.e., you might get $500 off, but not much more than that). Current sale listings are a better gauge of the current market that something like KBB which depends on past (not current) data.
How do I determine how much a used car is worth? : r/askcarsales
Oct 31, 2021 · Nowadays, people look to buy used cars more than new one. The sales of used cars is also increasing worldwide. And, now it is easy to determine the value of any used car or any vehicle with the help of used car valuation tool available. I personally used OBV used car valuation tool, when we were buying a used car last year.
How dependable is KBB, NADA, Edmunds, etc for car valuation?
Feb 5, 2016 · The only truly accurate value guides are the ones that dealers and banks use. Kelly blue book is the biggest crock of shit I've ever seen. We use nada and black book. The bottom line, if you like the car, it's in good shape, and is comparable to ones in the area, and you like the company you're dealing with, it's a good deal.
KBB/Nada discrepancies : r/askcarsales - Reddit
Jul 1, 2022 · Depends on each dealer. My dealership uses JD Power values. The NADA value sounds more like a retail than trade in to me. KBB is usually higher as well, by a couple of thousand dollars usually, depending on dealership. I imagine other dealers are going to be conservative on values as well given the economy, especially on trucks.
September 2015 NADA guide - vw pages : r/tdi - Reddit
Jul 1, 2016 · I worked out, to the best I understand, what my car would look like using the X.717 formula/NADA MSRP/book value, vs the "approximate" values. I'm still not clear why they would calculate and provide numbers for every other car in that spreadsheet of buyback values, but leave all the 2015s redacted, and us wondering what the values would ...
NADA rebranding as JD Power? WTF? : r/askcarsales - Reddit
May 13, 2021 · Vauto (at the time, this has changed in the past few days) didn't have JD Power book values and this CU had taken NADA before that so I just used the NADA value and sent it. It was a little later in the day that I found out about the rebrand.
kbb/edmunds/nada used car price estimate vs actual price (VA)
Apr 2, 2018 · If I see a car value on kbb/edmunds/nada as $10k, is that the supposed otd price? If not, what does it include? I've had a problem where I'll see the car worth $10k on those sites, then when I see the advertised $10k price at a dealership, they add tax, tags, registration, and processing fees that can add an additional $2k.