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Edmunds currently only offers values and pricing for cars and trucks. Edmunds is a privately held company, with CarMax holding a minority stake.

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Edmunds partners with CarMax to provide cash offers for a used car that someone might own, similar to the Kelley Blue Book® Instant Cash Offer.

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When it comes to getting a value for a car, Edmunds calls their tool a “Car Value Appraisal Tool.” It can help tell you what your used car or truck is worth and can be used as a comparison to other valuation sources like the Kelley Blue Book® Trade-In Value. When assessing vehicle condition, Edmunds asks owners to rate their car as one of five categories:

Kelley Blue Book® Values and pricing are based in part on transactions in your area. Your ZIP code also helps us find local deals and highlight other available offers.

Edmunds has proprietary trademarks over Edmunds Suggested Price. Edmunds is not affiliated with Kelley Blue Book or Cox Automotive.

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Edmunds was founded in 1966 and, like Kelley Blue Book, started with printed materials to publish vehicle values and to assist consumers in making educated choices about buying a car. They branched out into CD-ROMs in the ‘80s before launching their consumer-facing website Edmunds.com in 1995.

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TMV stands for True Market Value, and Edmunds offers an appraisal tool to get your TMV or true car value. Edmunds has stopped using TMV and now uses “Edmunds Suggested Price.”

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All of this information is combined to create the data-driven value estimates that both consumers and dealers need. We are proud to say that KBB.com generates 40 million unique pricing reports every month, and we feel this is a huge sign of trust and confidence in our data.

Obviously, we are not going to tell everything about how we get our information, but we can say that KBB.com has a proprietary valuation process that uses data intelligence to determine the most objective information consumers can find.

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Edmunds has a proprietary valuation process, and, as such, they are understandably careful about revealing what calculations or data sources they use to create their Car Value Appraisals and Edmunds Suggested Price (this used to be called TMV® prices). According to their website, they developed their pricing model over ten years ago, and their team includes over 20 statisticians, data scientists, PhDs, and other valuation experts.

People go to KBB.com to determine Blue Book® Value, the gold standard and highly trusted vehicle value and pricing data report to help consumers buy, trade, and sell vehicles. Website users can learn what a car is worth or what a buyer should expect to pay for their next car.

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KBB.com doesn’t just offer car values. It also provides a fantastic and easy-to-use classifieds section where you can find a new or used car or sell your car. You can also research auto repair pricing and find car service centers in your area. And for the safety of our consumers, we provide a car recall resource so, you can make sure your car has all the necessary repairs.

Edmunds and Kelley Blue Book (KBB) provide information on the value of vehicles, but which one is more accurate? We are going to break down everything you need to know to help you get the right information to buy, trade, or sell your vehicle.

Kelley Blue Book® Values and pricing are based in part on transactions in your area. Your ZIP code also helps us find local deals and highlight other available offers.

Edmunds claims their data is downloaded weekly from a dealer management system of 5,000 dealerships and dealer groups across the country.

However, if you are in a rush and just need to get the value of your car or research a new or used car, you can do both quickly on KBB.com.

The Edmunds Suggested Price is the price recommendation they make, which does not include taxes, incentives, or dealer, DMV, or doc fees. Edmunds says this price is based on their analysis of millions of data points, including supply, demand, incentives, options, and recent nearby transactions.

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Today, Edmunds maintains an excellent reputation as an independent source of car information, vehicle reviews, and vehicle pricing. They offer many resources for helping consumers buy a car, including their well-known “Secrets of a Used Car Salesman” articles.

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Les Kelley started Kelley Blue Book almost a century ago, in 1926. He published a list of the used cars he wanted to buy and how much he was willing to pay for them, and that is how the company got started. We have been a trusted resource since then and are proud to improve year after year.

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