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Kbb prices seem off #5412693 04/25/20 10:44 AM
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ram_man Offline OP
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I have thought this for some time but kbb and even nada and Edmunds are very low in my area. Example I've been looking at mustangs well an example is an 06 v6 manual trans mustang in good to very good shaoe, the average listing price is between 5-6k and people are selling them for 5 all day long. The dealer prices aren't much different than the private party prices but people are paying it. Kbb says they are only worth 3-4400. However I can promise you if I search for any for even 5k and under I will not find a single one within a 200 mile radius. Are these price tools just wrong? Or???


2014 dodge dart GT
1995 Dodge ram 1500


Re: Kbb prices seem off [Re: ram_man] #5412707 04/25/20 10:53 AM
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mjk Offline
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Seeing the same thing in MN, for other vehicles. As an example 1st generation Tundras, the ones that are in very good shape, sell well above any values listed. Those trucks are a hot buy, because of the demographics of this market.

Of course, they are getting pretty hard to find, unless they are bought up here from salt free states.

Re: Kbb prices seem off [Re: ram_man] #5412722 04/25/20 11:06 AM
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JohnG Offline
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You all just realizing this internet scam! If you want a real laugh, go to True Car.
When I look for a car value, I'll generally go to the dealer websites and see what they are selling them for. You can adjust YOUR price accordingly. Dealers will make $3000.00 on most trade ins that I see.
And forget about that "dealer prep" stuff like brakes, oil change, tires, etc. Generally it gets washed and out on the lot it goes.

My last trade in was a 2008 DTS to Mercedes. Had to beg them for $12,500. ( first offer $11,000.00) Went back the next day for something and a buyer was picking it up for $15,000.00! Tires were shinier though! LOL

Re: Kbb prices seem off [Re: ram_man] #5412743 04/25/20 11:25 AM
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UncleDave Online Content
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KBB, Edmunds NADA are all dealer tools more than anything, just guides.

They are laughably applied based on weather they are buying or selling.

" we'll offer you 5K for a trade in" - yeah but KBB says its worth 7500- " well sell it kelly then" -

I know what KBB(NADA Edmunds But) says but Im sorry sir - the market for 1970 Hemi Cuda convertible 4 speeds is just soft right now.......


Uncle Dave
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Re: Kbb prices seem off [Re: ram_man] #5412757 04/25/20 11:34 AM
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NO2 Offline
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Used car pricing is dropping very rapidly now and the news has not caught up to private parties yet. And asking price in ads is not selling price. A lot of the pricing is based on auctions and there is a glut of used cars since people are still turning in their leases and not replacing their vehicles. Why bother if you have nowhere to drive? There should also be a flood of repos with the unemployment rate >20%, which will further depress the market.

Finally the relatively lower cost of new cars w 0% 72mo financing, rebates, etc also pushes down used car pricing by reducing demand. I expect people will also migrate toward lower cost new vehicles with economic uncertainty. $60,000 pickups are not going to be as popular.

Re: Kbb prices seem off [Re: ram_man] #5412766 04/25/20 11:43 AM
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csandste Online Content
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This may be out of date, but last I heard KBB was based on asking price and Edmunds was based on selling price. Last time I sold a car directly, almost a decade ago, I copied a pseudo Moroney sticker from KBB and put it in the window and used Edmunds as an actual price to let the car go for. There was a significant spread. I've made offers to dealers based on Edmunds price, but no one ever agreed to it.


2017 Kia Soul+ Valvoline Daily Protection 5w30+ a bit of Harvest King syn 5w30-- 75,000 miles
Re: Kbb prices seem off [Re: ram_man] #5412792 04/25/20 12:17 PM
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Dave9 Offline
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KBB is usually significantly higher than real world selling prices, but certain vehicles are more desirable than others, especially convertibles in spring... except for the rare exception of the blankety-blank outbreak causing depressed pricing.

Yes KBB is a dealer selling tool while I've found Edumunds to always be closer to reality, except that these are only generalizations and each specimen of vehicle may have its own upgrades, or repairs needed.

Last edited by Dave9; 04/25/20 12:18 PM.
Re: Kbb prices seem off [Re: Dave9] #5412821 04/25/20 12:56 PM
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ram_man Offline OP
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Around here atleast it's the opposite. Kbb is significantly lower than what people are getting for their vehicles. Example friend of mine listed his old car for 2500 it blue books at 1800 in very good shape on the high end. He got $2300 out of it and it didn't take but a couple days for that to happen.


2014 dodge dart GT
1995 Dodge ram 1500


Re: Kbb prices seem off [Re: JohnG] #5412825 04/25/20 12:58 PM
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PowerSurge Offline
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Originally Posted by JohnG
You all just realizing this internet scam! If you want a real laugh, go to True Car.
When I look for a car value, I'll generally go to the dealer websites and see what they are selling them for. You can adjust YOUR price accordingly. Dealers will make $3000.00 on most trade ins that I see.
And forget about that "dealer prep" stuff like brakes, oil change, tires, etc. Generally it gets washed and out on the lot it goes.

My last trade in was a 2008 DTS to Mercedes. Had to beg them for $12,500. ( first offer $11,000.00) Went back the next day for something and a buyer was picking it up for $15,000.00! Tires were shinier though! LOL


Yep. TrueCar is a joke. They should be called FalseCar. They’re funded by auto dealers. They are paid by dealers to get your contact info. Anyone who thinks they have your best interest in mind is foolish.




1993 Porsche 964, 2001 Ford SVT F-150 Lightning, 2004 Chevrolet Corvette, 2018 Toyota Tundra and a few others
Re: Kbb prices seem off [Re: ram_man] #5412857 04/25/20 01:29 PM
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Dave9 Offline
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Originally Posted by ram_man
Around here atleast it's the opposite. Kbb is significantly lower than what people are getting for their vehicles. Example friend of mine listed his old car for 2500 it blue books at 1800 in very good shape on the high end. He got $2300 out of it and it didn't take but a couple days for that to happen.

The older the vehicle gets, the less appropriate any of the estimation services are.

Once you get down to $2500 or less, they must all assume a vehicle in great condition, is still relative to its age. Garage kept, washed and waxed, and minimum rust, (even new tires), let alone mileage and timely repair/records, makes a substantial difference in that price range, makes the difference between a cherry you want, and will fix up, vs a clunker you just settled for and hope to get 2 years out of, that you won't be doing any more maintenance to than necessary (besides changing oil of course).

Last edited by Dave9; 04/25/20 01:31 PM.
Re: Kbb prices seem off [Re: ram_man] #5412983 04/25/20 04:02 PM
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It's a marketing scam, I'm sure there is some subscription network that drives prices... if all the dealers in a given zip code are paying the KBB cut, the trade-ins are worth less and the used car prices at the dealer cost more. In zip codes with low dealer participation, the numbers are a little closer (with the used car dealer price taking a hit). This would mean dealer participation in the KBB/NADA pricing sham would drive additional profits into the dealer's pockets.

Sure, it may be right up conspiracy alley, but every time we turn around we find some other way they are fleecing us. Last time I negotiated a used car on a dealer's lot, I used the KBB price for my zip and not the dealer zip for my reference (apparently my local dealers don't fully participate LOL). Dealer's response: "Well then go buy it from KBB." My response: "No problem." I walked out and didn't look back, if they were willing to lose a sale on a 5 year old vehicle for a $600 price difference, so be it. I walked out to my car, searched local dealers on my phone, drove 3 minutes to the other dealer, and drove home with my new car from a different dealer and got the price I wanted. I purposely drove past the first dealer in the new car and waved as I went past.


De omnibus dubitandum.
Re: Kbb prices seem off [Re: ram_man] #5413471 04/26/20 09:22 AM
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madRiver Offline
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KBB does not work as well for 14 year old vehicles.i think it is more applicable to recent 10 years

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