Our business sells used MINIs. Yesterday we received notice that NADA has raised used car values on MINIs. We have been instructed to update our "Blue Book" without waiting for the next monthly edition. "Blue Book" prices for 08 and 09 MINIs have gone up about $1500, 07 models about $1200 with a sliding scale with 05 models up about $250. Over the past six weeks wholesale MINI prices have gone up a similar amount. NADA says the price increase is because of the Japan situation but I don't agree since auction prices on MINIs went up this much in the month before the Japan disaster. What is the general perception of this?

 

I noticed that my wife's 08 was rated significantly higher whenplaying around with the online Kelly Blue Book and Edmund's prices. I realize that they aren't all that accurate when trade in time comes, but they at least let me know what ballapark I'm in.

 

If you are actually in the business, shouldn't you be better able to tell us what to think?

Anybody in the business knows that the NADA Guide and the Kelly Blue Book are two completely different animals. One is used primarily on the West Coast or by shoppers on the Internet. The other gets a lot of attention from people who work at the Bank and use it to act wise while not having a clue of what they are talking about.

Those who really know values generally attend a lot of auctions, use the Black Book, and subscribe to computer programs that Analise a variety of sources.

Realistically, the rise in values for MINI probably have a lot to do with $4.00 plus gas prices. A lot of higher gas mileage used vehicles are spiking in value and the fuel crisis started before the Japan problems.

 

+1

 

LOL
I just check kbb prices on my car.

my car : $15,450
my car without John Cooper Works package: $11,845

i STOLE the thing at $8,995

 

I tradedin my 09 justacooper got 16200 for it march 9th . They put it up for sale for 19500 . I purchased the cooper new it was 21800 Hum !
El Tiger