NADA means National Automobile Dealers Association. It was started in 1917 by a small group of dealers to lower the luxury car tax from 5% - 3%. NADA was formed to protect car dealers' interests in the United States. In 1917, a group of dealerships petitioned to the US Government to decrease the high taxes on luxury cars. Checklist Before Buying Travel Trailers NADA became a permanent association in response to the success of the petition. It aims to ensure fair and uniform automobile values across the nation. It has nearly 17,000 domestic and international new-car and truck dealers and approximately 37,500 independent franchises. This isn't just a guidebook that lists a narrow range of vehicles. It offers statistics and information about trucks, motorcycles, RVs classic cars, ATVs and boats.
Blue Book refers specifically to the compilation and storage of statistics and information. This term was created in 15th-century and is used by the Parliament, United Kingdom, for record-keeping. It is a style manual that outlines the US's most popular legal citation system. It serves various departments like Jewelry, Legal, Media, Science, Transportation etc. The American series known as the automobile Blue Book was a series of road guides designed to assist motor traveller in America and Canada. It became the most popular publication of its type by 1910. NADA Guide is the most famous US valuation provider. This was created primarily to list prices exclusively for dealerships. NADA Guide went online in 2000 after it was printed in 1971. It was originally developed to help reduce taxes on automobiles sales.
NADA Guide creates its listings only from data gathered by dealers. Dealership databases record every vehicle sold across the country. This log is used for future reference when purchasing a similar car. The NADA Book is primarily for new vehicles. They are often in great condition and have higher value. before buying an RV NADA Book lists a higher value than others like Kelley Blue Book. Because it primarily covers newer vehicles, it can also be used for tax purposes. This high value is determined based on the average wholesale price of vehicles sold by dealers across the nation.
NADA Guides are available online at the Buy a Price Guide link. NADA Book will automatically update prices on a monthly basis, keeping you updated with the most recent vehicle value. Although this guide is useful for pricing, it can't accurately evaluate unique additions to your vehicles like customized tires or audio equipment. These modifications can dramatically impact the value of your vehicle.
