Kelley Blue Book holds the generic name for the Blue Book value when it comes to determining the value of vehicles. Born as a result of the restrictive NADA guide that was limited to dealerships, Blue Book value has become a mainstream term. Black Book, a lesser known value, only adds to the confusion those new to the automotive industry experience. So, what’s the difference?
The oldest vehicle value book, Kelley Blue Book has been around for more than 90 years. The website sees more than 20 million visitors per month. Information is collected through auctions. The modern version features reviews, pricing tools, driver ratings, and much more!
The Black Book has been around since 1955 and has provided drivers and enthusiasts with independent and accurate pricing information. Prices are drawn from data analysis collected in real time. Many professionals consider black book the most accurate and up to date when it comes to used vehicles.
The NADA Used Car Guide determines the value of vehicles through data collection and includes factors such as fuel price, interest rates, and incentives. Experts then analyze that data and determine the real used value of used vehicles. Retail values are similar to what buyers would see offered by a car dealership.