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Is KBB Accurate?

It seems like KBB uses a generic depreciation algorithm instead of doing actual market research. Given that Nissan lowered the price of the 2014 370Zs by $3,000, wouldn't that mess

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Old 06-16-2014, 02:07 PM   #1 (permalink)
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Default Is KBB Accurate?

It seems like KBB uses a generic depreciation algorithm instead of doing actual market research.

Given that Nissan lowered the price of the 2014 370Zs by $3,000, wouldn't that mess up KBB pricing?

Just wondering if anyone has already researched it. If KBB is higher than what cars actually sell for.
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Old 06-16-2014, 02:09 PM   #2 (permalink)
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KBB is pretty generic for pricing, they do pull data from other sources and then basically "average" it out.
It is a solid starting price, but never expect to get the top dollar they list.
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Old 06-16-2014, 02:17 PM   #3 (permalink)
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So I guess the question is, should we subtract $3,000 from what KBB says on used car values?
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Old 06-16-2014, 02:22 PM   #4 (permalink)
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Quote:
Originally Posted by 0101 View Post
So I guess the question is, should we subtract $3,000 from what KBB says on used car values?
I would not say that is the exact way to do it.
My usually plan is to source multiple sites, KBB, NADA, craiglist, etc. to get a good overall view of current pricing.
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Old 06-16-2014, 04:47 PM   #5 (permalink)
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I agree with theDreamer that you shouldn't depend on any one source. KBB is usually pretty accurate but some models, especially low-production models like the Z, can be off a bit.
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Old 06-16-2014, 04:58 PM   #6 (permalink)
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KBB is the worst thing to value a vehicle. Use nada.com
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Old 06-16-2014, 05:48 PM   #7 (permalink)
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KBB is a good starting point to determine a car's value. Also most lenders rely on KBB for their loan to value calculations as do many insurers.

With that said, there are other on-line resources to assist with valuation.
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Old 06-16-2014, 06:21 PM   #8 (permalink)
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If you're buying or getting loan values look at NADA. If you're trading in, look up black book.
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Old 06-28-2014, 12:11 PM   #9 (permalink)
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Edmunds.com is a great source as well.
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Old 07-27-2014, 03:07 PM   #10 (permalink)
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KBB does not take into account the drift tax for S-chassis, that's for sure.
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