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Yes, that's true. The NADA price is what most dealers go by, and is the most accurate in the used car marketplace. Edmunds must price off of what people pay rather than what the asking prices are.
Edmunds is virtually useless to me. I've never been able to buy a car for an Edmunds price, and I would never dream of selling a car for the prices that they list either. Unfortunately they've become the best known because they had the first and best online website for used car buyers. I don't know how they develop their numbers but the average prices that they list are a lot more like wholesale prices in the peak season. Don't expect to hit the jackpot on a car with an edmunds-like price. The one place that they do a decent job is on new car prices. That feature of their site and their books is a very good one.
The NADA prices are asking prices (obviously) and most dealers will chop a big chunk off of them, giving you a price that is more LIKE edmunds.
Also, Kelly's is another good source to compare the three. YOu really have to look at all three before you set a price for a car or before you buy one. If you compare all three prices, the figures you'll see start to make a lot more sense.
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1992 940 wagon, 72k
make people envious; smile frequently.
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