There are some direct competitors to Canadian Black Book, which we’ll review below. These experts can give you a more accurate estimate based on current market conditions and trends.Ĭanadian Black Book isn't the only way to get a rough value for your vehicle. In these cases, it might be better to receive a valuation from a specialist in your specific vehicle type. While this could be an accurate valuation, it may also be higher or lower than the actual value. Instead, Canadian Black Book will use data on similar vehicles to come up with its valuation. If you own an uncommon vehicle, there may not be enough data to create a firm value for your vehicle. For example, if you own a convertible, its value might be a bit higher during the summer months than amid the brutal Canadian winter due to demand. However, that depreciation is more of a wave than a straight downward path for most vehicles. Seasonal Price FluctuationsĬars depreciate and we've all come to accept that. While that modified engine with its upgraded turbocharger and 100 extra horsepower may boost its value, that Spongebob Squarepants mural on the hood may make it less valuable to a large pool of buyers. Vehicle customization can significantly impact the value of a vehicle, but it's not always positive. These vehicles generally require human inspection and valuation. The exact opposite is true if the vehicle is in poor condition.Īdditionally, if it has a salvage or rebuilt title, Canadian Black Book can’t give the vehicle a proper valuation. If your vehicle is in like-new condition, it may be worth even more. Nowhere in the valuation process does Canadian Black Book ask about the vehicle's condition, as it automatically assumes it’s in average condition. Here are a few things that may impact vehicle value that Canadian Black Book doesn't account for. Is Canadian Black Book the Only Vehicle Pricing Tool You Need?Ĭanadian Black Book is a great resource when buying or selling a used car, but it's not the definitive answer in pricing. Select the year, make, and model of the vehicle you hope to purchase to replace this vehicle or choose 'Undecided' and click 'Next' to receive your car's value.Answer all the questions about the vehicle as prompted, including postal code, model year, odometer reading, trim level, body type, options, and colour.'Get Future Value' will show you the projected future value of the vehicle based on annual kilometers driven.

'Get Trade-In Value' will show you the high and low trade-in value you can expect for your vehicle. 'Get Average Asking Price' will show you the vehicle's average list price. Scroll down, find the vehicle's model, and click 'Get More Details.'.Click 'Value Your Car' at the top of the page.To determine a car's value, navigate to Canadian Black Book homepage and follow these instructions: Canadian Black Book develops its values by analyzing nationwide auction and online sales data.Ĭanadian Black Book has loads of features, including an equity calculator, blog, awards, and various business solutions, but its primary use is to determine car values. Canada got its version when William Ward debuted Black Book’s Canadian sister publication, Canadian Black Book.Ĭanadian Black Book is now an online publication and a trusted source for new and used vehicle valuation, custom data licensing solutions, and lender origination and risk analysis.įor private car and truck buyers, Canadian Black Book primarily serves as a way to determine their car’s trade-in value or if the vehicle price they're about to pay is a good deal or overpriced. debut in the state of Georgia when three businessmen pooled notes from auto auctions to release a weekly publication for dealerships. What Is Canadian Black Book?īlack Book dates back to its U.S. In this guide, we'll shine a spotlight on Canadian Black Book, outlining what it is, how it works, and more. CBB analyzes historic and transactional sales data at the provincial level to provide the most accurate vehicle values to buyers, sellers and dealers. While it's no longer an actual book - it now lives online - Canadian Black Book remains a leader in the world of automotive pricing.

One of the most popular valuation tools is Canadian Black Book (CBB).

The automotive industry is a finicky one that makes it difficult to determine a car’s value, which is why vehicle valuation tools have become, well, invaluable. When it's time to rid yourself of your old car and swap it for something newer, the first step in the process is figuring out how much it's worth.

Black book value by vin