![]() Everyone with an iPhone could see the same data in real time. Steve Jobs killed the secrecy in the car business with the iPhone… by the time vin scanning apps came out the age of secret information was over. If I had a little time I would visit Carmax, Carvana, Vroom…whatever and compare offers. If I wanted a quick idea of value for a pretty clean late model vehicle I would look at retail pricing and subtract $1500/$2000. I calculate a reasonable retail price for the vehicles I am after and just back into a bid after taking recon, fees, transport, and hopefully some margin into consideration. ![]() Our data science team analyzes millions of vehicle transactions to create a model that provides a History Adjusted Valuation based on the AutoCheck vehicle history report. ![]() The odds are slim that this week’s pricing will be even casually related to last week’s, so for the past 24 months I have been buying based on needs and desperation. By Combining accurate values 365 days a year, with market intelligence about stock value movements and trends, you get a complete picture of a vehicle value. To offer more precise VIN-specific valuations, Black Book sources and integrates vehicle history report data from AutoCheck. In today’s market l look at MMR data as a courtesy…almost just out of habit. I saw the Black Book guy standing at the auction every week in Dallas collecting data. Additionally, higher values are assigned to vehicles with less risk of needing extensive repairs. By combining historical, current, and residual used car values, Black Book is one of the most trustworthy vehicle valuation data solutions available for pinpointing precise used car prices. In general, Black Book’s value assignments are slanted toward increased profits for reselling rather than buying. Black Book data was from the same source pretty much but the car book was updated weekly, truck book bi weekly, and the old car book monthly. Black Book vehicle values deliver intelligent data to provide you with the most accurate auto valuations possible in the current used car market environment. MMR data is updated daily…hourly for all I know. Manheim is the largest auction network and they do a pretty good job cataloging sales data in an easy to search format. Edmunds was founded in 1966 and, like Kelley Blue Book, started with printed materials to publish vehicle values and to assist consumers in making educated choices about buying a car. Pre pandemic I used Manheim Market Report (MMR) data. I will try to be factual and on topic… I buy for several dealerships and haven’t looked at a black book in years.
0 Comments
Leave a Reply. |