[Miccara]

Originally Posted by TimSJ

The Black Book is a decent guide but really not worth the paper that it is printed on.. It is out of date way too quickly. We don't use it anymore. We rely on the actual auction data that is updated daily as cars sell.

Don’t agree entirely. I’ve had some discussion with the finance industry and Black Book. The price a vehicle sells for at auction is not necessarily the true value of the vehicle. The data I saw shows things like a Chev Z24 selling for $4500 one week, and two weeks later the same vehicle (same options, same trim, similar kilometres) selling for $5200. Black Book’s method is to collect the information over a three week period and benchmark the value of a vehicle over a given timeframe. This more accurately reflects the assets true value.