Does anyone know if Edmunds, NADA, and Kelly are really accurate these days?
Does anyone know if Edmunds, NADA, and Kelly are really accurate these days?
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Of course not Silly! Those books are printed for schmucks that buy retail, they have never been objective ,, their purpose is to get you thinking you’re getting a good deal on that car and on your trade-in... The only book that you should consult is the black book for the auction house (Manheim etc.) ..
No they aren't particularly accurate, and they never were. I used to be in the car business, and we used the Kelly blue book, but only as a general reference to book options to add to base. You had to know some real world facts, for example, "Cadillacs are only bringing $1000 back of book." ... "Toyota Venzas are hot -- they're bringing over book" ... "Late model clean pickups bring strong book." ... etc.
If you went to a wholesale auction armed with a blue book but knew nothing else, you would get your a** handed to you.