marcolarco52

Anyone else in the Canadian market notice Kelly blue book trade and dealer asking prices are almost 50% below what the actual market is going for. They're show dealer asking prices for 19/20 G63s at 150 and 188k where the market has them all listed between 235 to 310k.

Same goes for 19/20 G550s they're state dealer asking prices should typically be 110 to 130k where they're all listed by MB dealers between 170 and 210k.

I know some guys that have been trying to contact KBB.ca to fix this cause its causing them to argue with their dealers over trade values and they're considering legal recourse due to KBB affecting their business.

streborx

Are these figures $US or $CN?

marcolarco52

These are Canadian dollars

streborx

There are likely insufficient transactions to make statistically meaningful KBB estimates, so the margin of error is much greater than for most other vehicles. Nevertheless, I would seriously consider an offer of $160K US for my 2019 G550 with ~7500 miles.

Hodog16

Local dealer has a 2020 G550 in black with AMG line, upgraded interior, carbon fiber trim and 6,000 miles listed for $156k. I think it was $160k initially they advertised it as a price drop.

fabbrisd1

I understand you're "surprised".

Please Kelly Blue Book has always been designed as a "Dealer Tool" - just because it's now available to Consumer's over the web does NOT make Kelley Blue Book a Consumer Tool.

New Generation G's are a "exception" in Today's Market - here in the US the best "Dealer Tool" for Trade-In Value is looking at Sold Price's of what is passing thru national auction..

montreal red

yup. agree with the above.
if you are trading a car to a dealer who is offering you the blue book value, then they are either pulling your strings or they dont know what the car is worth. go to another dealer who will give you a fair market value for the trade in. i dont think theres much point to try and get the blue book value revised.

marcolarco52

Makes sense I haven't even spoken to my dealer yet just waiting on my 21 to get on a boat and we'll figure things out I have purchased multiple vehicles from them within the last 18 months so hopefully that helps. It's just a shame things like kbb are so unreliable now.