what is my car worth nada

1 year ago 69
Nature

NADA stands for National Automobile Dealers Association, which provides a resource for used car prices. NADA uses many data points from a variety of sources to give a value for a used car, including wholesale transactions like auctions, retail transactions, and pricing information from sites like Autotrader. When calculating a vehicle value, NADA uses many of the same considerations as Kelley Blue Book: MSRP and invoice (for new cars), mileage and general condition (for used cars), and assumptions about the equipment on the vehicle for all values. NADA may adjust the value of a vehicle based on macroeconomic and microeconomic forces, like supply & demand and the state of the market at any given time. The NADA Official Used Car Guide is available on the NADAguides website, but it is used by industry professionals and provides 12 years of pricing for passenger cars and light-duty trucks. Therefore, to determine the value of your car using NADA, you can visit the NADAguides website and use their tools to get an estimate based on the make, model, year, and condition of your car.