Canadian Black Book
The Canadian Black Book is a widely-used vehicle appraisal guide for benchmarking the value of Canadian vehicles. Independently published by National Auto Research, Black Book provides objective evaluations that help both buyers and sellers determine fair value for cars, trucks, and SUVs. Canadian Black Book provides vehicle trade-in value, future value, and average asking price to help you make educated judgements about a vehicle’s worth.
How Are Prices Determined?
The Canadian Black Book collects sales data from dealers, auctions, and manufacturers across Canada to create a benchmark average for vehicle pricing. Black Book scouts visit 60 auctions nationwide per week to gather pricing and compares the data against dealer-advertised pricing. Using a proprietary algorithm, Black Book compares vehicle characteristics such as vehicle make, model, year, mileage, and condition to produce a value estimate, based on current market trends.
How to Use Black Book Prices
It’s important to remember that no two vehicles are exactly alike, meaning it’s difficult to determine an exact vehicle value through any evaluation method. However, Black Book pricing is a very effective tool in setting an objective price range. If your vehicle is in good condition, a rare model, has accessories, etc., then increase your asking price accordingly. If your vehicle is scratched, running poorly, rusting, etc.. then decrease your price accordingly. The important thing to understand is that Black Book values help you approximate value of a vehicle similar to yours in average condition.
Get a Free Quote
Just enter your vehicle make, model, and year into the form below and receive an instant evaluation. If you’re interested in trading or selling your vehicle with a more accurate valuation, you can also book a professional vehicle appraisal at any Go Auto Outlet location, here.
