U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Automotive
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-29-2011, 08:15 AM
 
458 posts, read 1,490,789 times
Reputation: 367

Advertisements

I've recently been searching the prices for used Honda Odysseys nationwide. I was surprised to find that almost everything I found was listed for about $2000 above KBB retail. Even at carmax and other "no haggle" sites. In your experience, is this always the case when you see actual price versus KBB value?
Reply With Quote Quick reply to this message

 
Old 04-29-2011, 08:23 AM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,010 posts, read 13,171,292 times
Reputation: 2440
Is Kelly Blue Book selling you the car? No. It's just a guide, and it's not always right. It doesn't set any value at all, the market does, and right now the market is very hot on used cars.
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 08:28 AM
 
51,862 posts, read 41,758,040 times
Reputation: 32364
Quote:
Originally Posted by sheriwx View Post
I've recently been searching the prices for used Honda Odysseys nationwide. I was surprised to find that almost everything I found was listed for about $2000 above KBB retail. Even at carmax and other "no haggle" sites. In your experience, is this always the case when you see actual price versus KBB value?
1) KBB also lags behind what is going on in the market by a bit. Due to higher gas prices and the Japan disaster I would think ALL car prices are trending up.

2) If places like carmax etc give KBB on trade-in (not saying they do) they need to add some money on to cover overhead, proft etc.
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 08:30 AM
 
510 posts, read 1,822,942 times
Reputation: 184
Odysseys are very expensive - Compared to the Sienna - They will be at least $2000 more. KBB is not always right. Also dealers use a different book that gives their value
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 10:22 AM
 
Location: Apple Valley Calif
7,475 posts, read 20,194,951 times
Reputation: 5614
KBB also lists several prices for the same car. The dealer price, the trade-in price and the Private sellar price. Those three catagories are further broken down by the vehicles condition, it it excellent, good, fair or poor. All those factors need to be taken into account to get an acurate price.
In addition to the KBB, I always look at similar cars in Auto Trader, just to compare KBB to what people are asking for like cars. If it's a popular car, it might be selling for more than the BB price, all conditions being equal...
It takes a lot of research to really narrow down a price for the car that catches your eye..
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 10:50 AM
 
861 posts, read 2,386,790 times
Reputation: 948
KBB is really just a reference and prices vary wildly so I wouldn't put any faith in what they have listed. I sold a 2000 Celica GTS recently. Car was in excellent condition. KBB said the car was worth $8900. I listed it for $13500 and it was gone in a month. The car was somewhat rare and in absolutely perfect condition with extremely low miles.

You can try to feel out the seller by mentioning KBB but most of the time people don't want to hear it. I know personally I just kind of turned off when someone started with the KBB value. The guy that bought the car knew what it was worth and was happy to find it for the $13500. He actually said he was looking are cars that where in much worse condition for a lot more money..
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 11:06 AM
 
3,129 posts, read 5,306,196 times
Reputation: 1588
KBB is full of crap and will be crappier and more biased as they got bought recently by Autotrader...what do you think will happen
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 11:09 AM
 
Location: Dallas, TX
4,464 posts, read 9,990,852 times
Reputation: 2830
Last car I bought I bought was priced close to the KBB suggested retail price ($13995, it was priced at $14250), I waited until they red-tagged it down to $11995, ended up paying $10185 out the door, about $9200 before TTL etc.

That said, the Edmunds TMV pricing was pretty close, as it's based off of what other cars of that model is selling for in the area, I managed to get it for about $1000 under that, but the tire's needed replacing within 6 months, so overall it seemed reasonable. Props to "getmeoutofhere" for directing me to that site btw.

Last edited by TheViking85; 02-10-2012 at 11:45 AM..
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 01:25 PM
 
3,071 posts, read 7,713,200 times
Reputation: 1623
The price of any car is what others very much like it are selling for. Check autotrader and see what the market is paying for cars.
Reply With Quote Quick reply to this message
 
Old 04-29-2011, 03:36 PM
 
Location: Los Angeles
5,645 posts, read 7,521,434 times
Reputation: 7490
I think N.A.D.A. is more in line with the true value of vehicles, and that is the one dealers use when evaluating vehicles.
Bob.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Automotive
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top