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NADA Introduced Auction Values for Used Cars

By Alex Vasile | 2010-02-03 16:02 GMT

Selling or buying an used car just became a lot more easier for all Americans, as National Automobile Dealers Association (NADA) managed to introduce auction values to its website. This new tool which will help you evaluate any used vehicles has been created in collaboration with the National Auto Auction Association (NAAA). Values are updated weekly.

Thanks to AuctionNet, NADA’s partnership with the National Auto Auction Association (NAAA), our analysts are reviewing approximately 80% of total auction sales volume on a weekly basis to produce the new auction benchmarks, said Mike Stanton, vice president and chief operating officer, NADA Used Car Guide.

NADA s new Auction values complement NADA’s traditional value offerings in important ways. This service is very important for the dealers, which rely on the NADA values.

We have all seen unprecedented swings in the used-car market over the past 18 to 24 months and NADA has responded with significant investments in key areas to provide the most complete and accurate set of vehicle valuations from auction to trade-in to loan to retail, said Bill Willis, NADA Board of Directors Member from Delaware. Our suite of pricing information will help the industry monitor potential fluctuations in the auction lanes, and show longer-term movement in the market, to provide the complete picture.

Auction values are available at no additional cost to subscribers to NADA’s electronic products, including NADA Online, NADA e-valuator, NADA e-valuator for Dealers and NADA Web Service.


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