Is that used car a good deal? Let's find out!
Compare used car prices to dealership book values.
We show you car valuations that dealerships base their prices on, so that you can make an informed buying decision.
How it works
1.
Find a used car online
Explore any of South Africa’s most popular used car marketplace websites for a car that you might be interested in.
2.
Share the website URL with us
Once you find a car that you like, copy the website URL, and paste here in the search box above.
3.
See how much that car is really worth
We show you the values that car dealerships base their prices on and also how much you might be saving (or losing) on the deal.
Identify great car deals using dealership data
Ever wondered how car dealerships decide on what to sell their cars for? Well, we show you the same values that they base their prices on so that you can make an informed buying decision.
Save and compare car deals
Save all your favourite car deals and compare them based on price and savings.
Keep track of car prices as they change
Get notified when your favourite car deals decrease (or increase) in price.
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Questions
How do car dealerships determine the price of a car?
As you can imagine, every car dealership doesn’t have the expertise or resources to invest in a team of automotive data scientists to analyse historic car sales data and estimate a fair price for each of their cars. That’s why car dealerships outsource this responsibility to third-party automotive data providers like TransUnion, Lightstone, DiskDrive, and a few others. These automotive data providers provide car dealerships with book, trade, and retail values to help them price their cars.
What's the difference between a car's book value, trade value, and retail value?
- Book value: The price a dealership is recommended to buy a car for.
- Trade value: As the name suggests, this is the trade-in value of a car and it’s the same as the above mentioned “book value”.
- Retail value: The price a dealership is recommended to sell a car for.
Who determines a car's book/trade/retail value?
Historically, a company called Mead & McGrouther sold a physical “Auto Dealers’ Guide” book filled with valuations of every vehicle sold in South Africa. Since then, Mead & McGrouther has been bought by TransUnion and the book has been digitised and now sold as a software service.
Who provides the dealerships with a car's book/trade/retail value?
Third-party automotive data providers like TransUnion, Lightstone, DiskDrive, and a few others supply dealerships with these values, along with other automotive data insights, to help them run their business.
How is a car’s book/trade/retail value calculated?
Each automotive data provider has their own algorithm for calculating an estimated car value. Unfortunately, the exact calculation isn’t publicly known, but it’s believed to take into account a number of factors, including the current car market supply and demand, historic new car prices, inflation, recent car sales data, car make/model/condition/mileage, and more.
More questions?
Send an email to jason@carpricevalue.co.za.