About Edmunds Car Guide Blue Book
Edmunds publishes a guide that assesses the true market value (TMV) pricing for new and used vehicles. This compilation is known as the Edmunds Blue Book, and the values are available online. The Edmunds.com website allows consumers and dealers to review pricing, car reviews and other information about a given vehicle.
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History
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Edmunds has been publishing TMVs for cars since 1995, when it launched Edmunds.com, the first online resource for automotive information. However, Edmunds.com, Inc., was founded in 1966 to serve as a reliable, unbiased resource for car buyers; the company is committed to providing accurate pricing information, dealer ratings and reviews, and answers to common questions about the car-buying process for consumers so that they can be better educated about their purchase.
Significance
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The staff at Edmunds.com is comprised of statisticians, researchers, pricing managers and programmers who have been studying new and used car prices for several years and closely monitoring fluctuations in the market. Edmunds Blue Book values are published within a few weeks of the launch of a new model year changeover, which means consumers and dealers can turn to Edmunds as a valuable resource.
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Function
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The Edmunds Blue Book can be used by dealers, car sellers and car buyers to learn exactly what a car is worth on the open market. The Blue Book can make it easier to appraise a car accurately.
Benefits
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Consulting the Edmunds Blue Book before making a vehicle purchase allows consumers to consider several factors they may have otherwise overlooked about the car. These include safety features and crash test reports, car part recall notices and overall car driver experiences. Edmunds.com collects several types of statistical and market research data for different makes and models, and provides online calculators so that consumers can find out what other people are paying for the vehicle and what the average financing rates are within a given market. All of these variables are calculated using the proprietary TMV calculation method.
Features
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Users of the Edmnuds.com website can enter their make, model and ZIP code to find out what a new car costs in their area, where they can buy a used car of their preference and what the appraisal value of a car may be. Blue Book values, or the TMV for all vehicles, can be compared directly on the website and users can contact a dealer or seller to schedule a test drive or appointment.
considerations
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Edmunds Blue Book values do not include certain fees and charges involved with the car purchase transaction. These include: manufacturer to consumer rebates; tax and title fees and license and registration fees. These elements of the car-buying process vary by state and manufacturer, and consumers must factor in these values to determine the bottom-line price of the vehicle they are considering.
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