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Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
Classic Cars. Calculating the value of a classic car can be tricky because the actual cash value doesn’t reflect what it’s worth in the market. Classic car buyers look at the make and model ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
The first NADA-sponsored federal legislation, known as the National Motor Vehicle Theft Law, passed in 1919, which made motor vehicle theft involving the crossing of state borders a federal crime. [5] NADA also advocated for automobile finance reforms. [33] NADA began studying used car values in 1922. [33]
Kelley Blue Book, Edmunds and NADA are all great tools to determine your car value. The best tool is a personal decision and depends on what you are trying to accomplish by valuing your vehicle.
Prices for classic cars can be flexible and this is where your research comes in handy. “Another good question to ask is how the seller arrived at the asking price they want,” Gelfand said.
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