Why so much difference of Used Car price in Edmunds and Kelly's Blue Book?

Question

I was looking at the price (Private Party Value) of a 97 Honda Accord SE, 113K miles.
Edmunds: $4114 (clean condition)
Kelly: $4825 (good condition)
Why so much difference???

Answer 1

The Kelly Blue Book has always been extremely high and very unrealistic. Unfortunately, this is the book the majority of the population see. The NADA book, for dealers is the average, but unless you are a dealer, fat chance reading one. And don't rely on the dealer always stating the true price from the NADA they are holding, make them show you.

Answer 2

Since no 2 used cars are exactly alike it would be pretty hard to place an exact dollar figure on them.
Besides Kelly Blue Book & Edmonds, there is also a Red Book, a Black Book, and the NADA Book. You might also note that NONE of these books actually buy or sell vehicles. They just collect data about vehicle purchases & publish their findings.

Answer 3

i own a repair shop,and the books are written by people who judge cars,and not everyones opinion will be the same on them,,but that's the reason for the difference,it also has to do with the market,and where the cars are at,,one in Michigan will be worth less than one in Florida,,because of the difference in weather ,and rust,,everything is considered when this price is done,,good luck i hope this help,s.

Answer 4

I know when i wrecked my car the other partys insurance used the NADA book.

Answer 5

different standards and realize that these are only ballpark estimates of what a used car should cost