Why bother using theNADA used car value? One word: comparison. Sometimes, the NADA used car value will be lower than theKelley blue book value. When that happens, you have one more advantage to bring to the negotiating table. Now, even though buying a used car is not much more complex ...
The cars used for analysis in their algorithm are vehicles sold in very clean condition. Individual sales from private sellers are not normally of cars in very good condition, with a small fraction falling into the same condition parameters of dealership used car sales. For this reason alone, ...
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The article reports that the NADA Official Used Car Guide, which has come under criticism from automobile dealers for publishing low prices, is increasing the value of many truck segments. Mike Stanton, chief operating officer of NADA, says that pickups, mid-sized SUVs, minivans and many other...
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Kelley Blue Book's Method for Determining Used Car Values Kelley Blue Book (KBB) uses a similar approach to NADA when it comes to valuing used cars. They evaluate factors such as vehicle age, mileage, condition, and optional features. Additionally, they gather information from a variety of so...
on the course set by industry pioneers back in 1990," said Mike Stanton, vice president of the NADA Used Car Guide. "Since 1991, AuctionNet has provided the industry with the most comprehensive and timely set of wholesale transaction data representing more than 80 percent of auction sales....
"J.D. Power has built its strong brand through analytics, data and its growing benchmark business. Benchmarks are a key to the McGraw-Hill Financial business model and the NADA Used Car Guide adds a unique set of valuations, which are used as benchmarks by customers, to the well-respec...
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