NADAguides vs Edmunds
National Appraisal Guides
NADAguides (National Appraisal Guides) and Edmunds both have a long history devoted to providing consumers as well as businesses with accurate vehicle pricing information. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods.
National Appraisal Guides (NADAguides)
When we attempt to value a used vehicle we use a number of data points. These data points include, but are not limited to, actual wholesale transactions (around 80% of the market with our relationship with NAAA) and retail transactions (through our relationship with J.D. Power and its PIN data), as well as asking price information from www.autotrader.com. In addition, we have data from various OEMs and wholesalers and retailers of used vehicles that provide us the amounts for which they paid and sold their vehicles. We also take into consideration MSRP, invoice, equipment assumptions, as well as supply and demand and other macro- and micro-economic factors and the competitive landscape of vehicles. Our retail value is what a person could reasonably pay for a vehicle at a dealer’s lot. Our values are designed and intended to assist users in performing their own valuation of a particular used vehicle. The process by which users of NADAguides determine valuation is inherently subjective. Individual vehicles may have an actual value that is higher or lower than the estimated values created by us.
NADA has been around for over 80 years and is the premier valuation guide in the used vehicle industry. Customers include, but are not limited to: dealers, wholesalers, rental car companies, insurance companies, lending institutions, OEMs, government agencies, as well as individual consumers. We attempt to create the most accurate, market-reflective, unbiased vehicle values and we believe we do so each and every time one of our products is presented to the outside world.
NADAguides is additionally known as a credible source for pricing outside of the automobile industry. Comprehensive pricing data is also published for powersports, recreational vehicles, boats and manufactured housing.
Founded in 1966 as an aid for car buyers, Edmunds officially transitioned from publishing vehicle value guide books in print to publishing pricing guides online in 1995. The last guidebooks published by Edmunds were released in 2006, since then Edmunds has relied on a comprehensive website for publishing car prices. While Edmunds no longer publishes vehicle values in print, the company does currently offer a highly rated advice book “Edmunds.com’s Strategies for Smart Car Buyers”.
Edmunds.com’s pricing information is gathered from automakers, dealerships, as well as other industry participants on a near daily basis. The vehicle transaction data collected is used to calculate the values published on Edmunds.com. Additionally, the transaction data serves to keep an up to date list of vehicle specifications and current incentives being offered across the United States. As a secondary source of market data, Edmunds.com partners with websites developed by automakers, providing them with insights into automotive consumer needs.
The employment of a team of statisticians, PhDs and other personnel at Edmunds.com is used to compile the collected data and construct vehicle valuation tools such as the Edmunds “True Market Value” and “True Cost to Own”.
The primary focus of Edmunds is on automobiles, providing vehicle pricing data back to 1990. Edmunds currently does not publish vehicle values for motorcycles, powersports, boats or recreational vehicles.