NADA Used Car Guide® is now J.D. Power Values (2024)

FAQs

What happened to Nada used car guide? ›

Long an important source for car dealers, banks, and other members of the automobile industry, NADA Guides now makes their values available to the public at their site www.NADAGuides.com. In 2017, J.D. Power bought NADA Guides and is now responsible for the data that drives its values.

How Does NADA List Prices of Cars in Their Guide? Representatives of NADA promote their guide representing it as the strongest, most valid, and most reliable information list of auto market values when compared to the KBB guide, and even Edmunds pricing guide.

The service will stay the same, but after March 31, 2021 what was “NADA” will become “J.D. Power”. You may see those changes sooner than that in our services, as we start rolling out this change.

NADA Car Values Guide Is Now J.D. Power Car Values

They also offer a consumer website that establishes transparency in the industry. J.D. Power Guides were the first to publish a LOAN value that helps lenders establish a baseline amount of credit to extend on a vehicle transaction.

Carbly | NADA Used Car Guide® is now J.D. Power Values.

The Kelley Blue Book ^® Price Advisor shows you what you should pay for a new or used car based on what others have paid in your area. And how can you be sure you're getting good deal? Aim for the Kelley Blue Book Fair Purchase Price and Fair Market Range as your target price.

Most dealers do not use KBB for trade-in (wholesale) values. Instead, many rely on National Auto Research's Black Book or the Manheim Market Report, neither of which is available to the public.

NADA makes use only of dealership sales prices. This means no private sales prices are include in their algorithm. That means the same car – same make, model, year – a dealership is selling in the exact same condition – similar mileage, same wear and tear – is not going to be much value to you.

J.D. Power will acquire NADAês Used Car Guide business under an agreement announced by the two organizations.

Accurate and unbiased J.D. Power values are built on a 90-year legacy. Over 20 million vehicle transactions per year are analyzed with rigorous methodology and leading data science.

Is J.D. Power a Chinese company? ›

J.D. Power is an American data analytics, software, and consumer intelligence company founded in 1968. The company specializes in the use of big data, artificial intelligence, and algorithmic models examining consumer behavior. The firm's business model has evolved to emphasize data and analytics and software products.

Kelley Blue Book car reviews are based on test-drives and hands-on understanding of vehicles from expert editors and contributors. On the other hand, J.D. Power car ratings, and reviews are based on feedback from hundreds & thousands of confirmed vehicle owners about their experience of owning a car.

J.D. Power Completes Acquisition of NADA Used Car Guide | J.D. Power.

Since NADA Guides was created out of a car dealers' association, NADA Guides use real sales data from car dealerships to reach their values. NADA Guides use three primary criteria to determine the value of any given car: Local market demand. Wholesale price.

Is J.D. Power a reliable source? Yes, it is. J.D. Power is an independent company with no ties to a specific industry or company that might keep it from presenting unbiased information.

J.D. Power will acquire NADAês Used Car Guide business under an agreement announced by the two organizations. The deal is expected to close early in the third quarter of this year and is subject to review under a federal law.

Vehicle pricing resources like KBB and NADA use different criteria to determine the value of pre-owned cars. That's why their estimates are different sometimes.

Kelley Blue Book Co., Inc. is a vehicle valuation and automotive research company which is recognized by both consumers and the automotive industry. Based in Irvine, California, the company is owned by the Cox Automotive subsidiary of Cox Enterprises.