![]() Kelley Blue Book was founded in 1926 and is the most recognizable guide to both consumers and car buyers. ![]() What is the Kelley Blue Book Auto Value Guide? Keep reading to learn more about the Black Book vs Blue Book comparison. Since Black Book car values are not available to consumers, this guidebook is more useful for dealerships looking for a competitive edge using wholesale and retail data points. For those unfamiliar with Black Book market values, they are an independent wholesale and resale automotive pricing guide. If your car dealership is in the Southeast, you already know how valuable the Black Book vehicle valuation guide is. That’s why so many dealerships love Black Book car valuation data. ![]() Having the latest up-to-date and accurate Black Book vehicle value data at your fingertips is a game changer when it comes to identifying winners and losers at dealer auctions. Regardless of where your dealership is located, increasing your average used car profit margin is critical to your bottom line with every bid. However, you need to be able to identify which cars, trucks, or SUVs will sell quickly in your market while clearing as much profit as you possibly can. In the modern used car sales world, keeping the lot full at your dealership depends heavily on purchasing the right vehicles at auction. However, when dealers are purchasing vehicles at auction (for inventory), Black Book’s WHOLESALE data is second-to-none. For that reason, car buyers are not typically familiar with Black Book values and they may not trust a Black Book-driven appraisal at a dealership. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the data analytics necessary to successfully buy, sell, and lend.”īlack Book is exclusively geared towards dealers, wholesale buyers, and lenders, whether it is by website, smartphone application, or 3 rd party integrations. What is the Black Book Auto Value Guide?Īccording to its website, “Black Book® is best known in the automotive industry for providing timely, independent, and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications, and licensing agreements. To understand which car appraisal tools are right for you, take some time to see how the three different vehicle valuation services compare to each other. Most dealers choose more than one guidebook when appraising to make the most informed decision for their investments. The entire automotive sales industry leans on all three car value guides for various reasons. Kelley Blue Book is heavily used on the West Coast, Black Book in the Southeast, and NADA (now known as J.D.Power) is more widespread nationally due to its heavy dependency on financial institutions in regard to loan originations. While your Black Book Value is the most trusted source out there, it should be considered a guideline only.Ask any used car dealer what the most accurate guidebook is and you will likely get very different answers depending on what part of the country you are located in. Factors like supply, demand, location, and economic environment affect a vehicle’s market price. *Note: Vehicle values can change daily, so it’s important to know that this is an estimate only. You have nothing to lose.except your misconceptions about the value of your vehicle. ![]() The people at Canadian Black Book are as plugged in as anyone, and they have the most reliable, up-to-the-minute data available.īest of all, it’s free! So if you’re considering selling your vehicle, get your Black Book value first. The market is always changing, so it’s great to have an unbiased third-party do your work for you. Whether you’re a first-time car seller or a seasoned vet, Canadian Black Book is incredibly valuable. This value - which is based on sales data, auctions, brand equity, and the pricing of similar vehicles across Canada - is the most accurate estimate a consumer is likely to find. Canadian Black Book is a service that allows drivers to learn the estimated value* of their pre-owned vehicles (aka their “Canadian Black Book value”).
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