why is KBB pricing so much higher than Edmunds?
08-25-2006, 08:14 PM
#11
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Originally Posted by AbusiveWombat,Aug 25 2006, 05:22 AM
One way to find out which is more acurate is to do a search on a classifieds site (autotrader.com) and see what other similar cars are being sold for.
you get a sense of asking prices (most of which are unrealistic) but not transaction prices.
08-25-2006, 08:15 PM
#12
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I don't know if it still applies, but edmunds shows a "true market value". eg. if a new ford explorer offered $10,000's in rebates, then if would affect the true market value of a used explorer, but it woldn't affect the kbb value of the same car.
08-25-2006, 10:09 PM
#13
Well, they're both private companies. Their standards of calculating price are different so they'll have different pricing. Its really impossible for any standard for measuring a car's price because of regional differences in supply and demand. When I was looking for a Civic on craigslist, they're much expensive in SF. This makes sense since gas is more expensive and so, there's a higher demand for Civics and higher pricing. EK Civics sell aroiund $6-8k in craigslist in SF, and one fo my friends in Florida got his Civic for $1500! KBB says they should cost about $2000
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