Canadian Kelly Blue Book dealer/trade values completely wrong
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Canadian Kelly Blue Book dealer/trade values completely wrong
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.
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.
Last edited by marcolarco52; Jan 22, 2021 at 09:26 AM.
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Joined: Oct 2019
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From: Colorado
G550
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.
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.
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Joined: Oct 2019
Posts: 5,156
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From: Colorado
G550
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.
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From: NC
2026 G63
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.
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A gaggle of MB's
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..
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..
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Joined: Jun 2009
Posts: 161
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From: Toronto
G550
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..
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..
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.
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Thread Starter
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Joined: Aug 2015
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homeless
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.
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.
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