Black Book Values Vs. JD Power
JD Power
JD Power has cemented a reputation for professionally accumulating and analyzing data in the best interest of consumers. For the automotive field, verifiable & unbiased information of real-world experiences endured by real vehicle owners is gathered through surveying the market from the third month to the third year of vehicle ownership.
The feedback generated from verified vehicle customers is used to segment the car market by price & size to create car ratings.
JD Power Score Classifications
Best (91-100)
- Models within the "best" classification are the highest rated within their category according to their owner
Great (81-90)
- Models belonging in the "great" classification didn't rate high enough to be considered for the top of their category, but were better than the average ratings within their category
Average (70-80)
- Models within the "average" classification earned a par score within their category
- As a benchmark, the average 100-Point Score is settled at 80 for the most recent model year, and older models usually experience a lower average rating than 80
On top of all that, serving consumers with a fuller understanding of car pricing and value, our JD Power Verified Fair Price is a dependable indicator that one is not overpaying for the desired vehicle. Using the purchasing information from over 12 million retail transactions each year, we keep close tabs on the average price and the price range paid by the majority of the people. Dealers who qualify will have the JD Power Verified Fair Price badge applied! Seeing that badge grants the assurance that the price is close to the average in that region.
You can read more about our ratings methodology here.
Black Book Values
Like JD Power, Black Book Values focuses on data points that can help lenders and dealers identify vehicles with lower risks and higher potential profitability. This pricing and value data includes analysis that allows for current and time-sensitive changes in historical valuation to be easily understood resulting in predictors of values and potential risks.
The driving force behind JD Power’s and Black Book’s valuation processes is an understanding of what drives the auto market as a whole as well as what factors help set vehicle specific values. This includes essential data points like how key attributes such as mileage, maintenance records, model, year, and trim options affect value. Beyond those core attributes, valuations are affected by industry trends, depreciation rates and curves, future predictions, and much more.
Both JD Power and Black Book Values not only provide current pricing information, but offer a look at how specific vehicles will be valued in the future. When making residual value predictions, both companies weigh factors such as year-to-year model and design changes, historical understanding of a make or model’s market performance, economic factors, and much more. This data analysis allows dealers and lenders to manage and better calculate their lending and inventory risks.