Why NADAguides versus other providers?
NADAguide values are used by most of our Texas lenders to determine loan parameters for lending decisions. Guides like NADAguide, Kelley Blue Book, Black Book, and others serve as references in regards to a vehicle's predicted value. We know that the current online postings and vehicle availability (supply) versus the number of customer inquiries (demand) certainly dictate not only the market pricing but also the speed in which a vehicle might sell.
What is considered when appraising a vehicle?
NADAguides collects data from more than 1.5 million vehicle transactions each month. That's more data than any other provider. Longstanding alliances with a range of top industry sources, manufacturers and dealers make it possible.
The NADAguides database grows every day with these inputs, plus others:
• Auction transactions
• Retail sales data
• Asking prices from classified listing sites
NADAguides has a strong history of collecting the most comprehensive automotive industry data. Because they have been gathering it for so long, they have built the industry's most robust data archive. This information forms the foundation for the NADAguides values. Their team leverages the latest technology, deep knowledge of each segment's market, statistics, analytics and econometrics to derive our values.
They continually build on their inputs, knowledge and process in order to provide the best insight - and the best value to our business.