Dealers use the Kelley in convincing buyers to pay too much for used cars. Is Edmunds on the take???|||All three have their own research methods. KBB takes three months of researching before they print their results. Edmunds and NADA try to keep their research current. However, all three have their own way of tabulating what cars are worth so you get three different answers.
Keep in mind that all three services are guides only. Neither one claims to be the final word on prices. Each one only estimates what cars are worth, according to what their latest research tells them. And they all have disclaimers on their websites that state that their prices are only an estimate of the car's true value.
As for dealers, we don't rely on any of these sources to decide on what price we should buy a trade-in. Or to price used cars on our lots. We use Mannheim which is the very best way to find out what true cash value is on any car on any given day.
Mannheim uses all the latest auction data; what cars sold for at auction, how many miles they had and the main options they had. This is the bible that all car dealers use.|||From everything I have seen Kelly Blue Book is always 30-40% lower than NADA and Edmunds
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