10.25.2023

Canadian Black Book’s Trade-In Values 

Canadian Black Book (CBB) trade-in values are the industry-leading standard for used car valuations in Canada. They are used by dealers, lenders, and consumers to determine the fair market value of a used car. 

CBB trade-in values are calculated using a variety of factors, including: 

  • Make and model 
  • Year 
  • Trim 
  • Mileage 
  • Condition 
  • Optional equipment 
  • Local market conditions 

CBB also takes into account recent historical data on used car sales to ensure that its values are accurate and up to date. 

CBB trade-in values allow consumers to get a fair price for their used car when they sell it or trade it in, dealers to set competitive prices, and lenders to precisely assess their risk. 

CBB trade-in values are industry-leading because they are based on the most comprehensive and accurate Canadian market data available. They are also updated daily to reflect the ever-changing used car market. 

Here are some additional benefits of using Canadian Black Book trade-in values: 

  • Transparency: Canadian Black Book’s trade-in values are based on transparent and objective criteria. This means that you can be confident that you are getting a fair and accurate valuation of your used car. 
  • Accuracy: Canadian Black Book’s trade-in values are based on the largest dataset of Canadian used car sales. This ensures that the values are accurate and reflect the current market conditions. 
  • Timeliness: Canadian Black Book’s trade-in values are updated daily. This means that you can be sure that you are getting the most up-to-date valuation of your used car. 

Posted in: Auto Finance, Dealers