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Edmunds Pricing & TMV

114 messages,  Last post on Nov 12, 2009 at 10:44 AM

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#57 of 114 Re: Edmunds TMV [british_rover] by sc00bs Jul 24, 2006 (2:07 pm)
Replying to: british_rover (Jul 23, 2006 6:11 pm) Maybe you can shed some light on why they would list the trade in and other car the way they did on that other deal posted (shifting the numbers so that the new car sold at MSRP)???   For the new cars I use the spreadsheet on carbuyingtips and it comes out within $500 of what edmunds lists as TMV (with options and other fees and any manf to dealer incentives, not with manf to consumer). It actually is lower most of the time, but not by much.   Used cars on the other hand I have gotten all kinds of weird results. It may spit out 10k but the dealerships in my zipcode won't even come close to that price. The dealerhsips 50 miles away are advertising lower asking prices than TMV. These can be thousands of dollars too, not just a couple hundred.
#58 of 114 TMV by deserth8r Jul 24, 2006 (3:32 pm)
I believe TMV is inaccurate on many cars selling above MSRP, becuase the most I have ever seen TMV has been MSRP. Looking at Ebay, I am certain, for instance, the Shelby GT500, is selling above MSRP, but Edmunds still lists tmv at MSRP. I know this isnt the only hot car selling above MSRP, and am wondering how this factors in?
#59 of 114 Pricing shell game by pa_fisherman Jul 26, 2006 (4:40 pm)
Thanks for the feedback.   First time a dealer shifted the prices around on me, I thought maybe it affected his commission. A few days later I started thinking bigger picture (internet price data, etc). When I saw it again, and heard of others with the same experience, it began to seem more like an industry practice. Maybe not (don't want to sound like a conspiracy theorist).   I agree that the buyer should make sure the paperwork reflects what was actually negotiated.   The buyer should always take the dealer's sob story about "their cost in the vehicle" with a grain of salt. They may show you the actual documentation (i.e. - not a fraud), but the cost numbers on that documentation could very possibly be reflective of the pricing shell game.   Thanks again!
#62 of 114 Re: Question reliability of price data [pa_fisherman] by wythany Aug 09, 2006 (4:34 pm)
Replying to: pa_fisherman (Jul 23, 2006 4:36 am) Re: overstated tradein.   In PA, the tradein value is deducted from the purchase price, and the 6% sales tax is applied only to the net amount. I think I'd be thrilled to pay $120 less in sales tax. Maybe your dealer was doing you a favor?
#63 of 114 Regional deviations from TMV by valley Aug 29, 2006 (10:47 am)
Replying to: tidester (Jul 23, 2006 7:27 pm) Specifically, TMV averages state-wide. Therefore it's not surprising that you'd see some regions significantly higher or lower than TMV.
#64 of 114 TMV values for high-mileage vehicles by humanengr Jan 14, 2007 (10:09 pm)
I have a question regarding how Edmund's TMV values are calculated.   Used vehicles I have checked stopped depreciating at ca. 200,000 miles. How am I to understand this?    From a seller's point of view, it could be argued that the TMV is asserting that a vehicle with 275,000 miles has the same value as a comparable vehicle with 200,000 miles.    From a buyer's point of view, it seems that TMV is asserting there is insufficient data to provide estimates values for vehicles with very high mileage, and the values should only be relied on for vehicles up to 200,000 miles.    Does anyone know if either of these interpretations is the one Edmund's intends?   Thanks in advance, humanengr Replies to this message: tidester (Jan 14, 2007 10:19 pm) humanengr (Jan 14, 2007 11:18 pm) tidester (Jan 15, 2007 3:51 am) cccompson (Jan 15, 2007 4:22 am)
#65 of 114 Re: TMV values for high-mileage vehicles [humanengr] by tidester HOST Jan 14, 2007 (10:19 pm)
Replying to: humanengr (Jan 14, 2007 10:09 pm) As you've probably read in our TMV new car prices, used car pricing, used car values at Edmunds section, TMV is based on data. I can speculate that as a car ages its value will never fall below market value for scrap metal which would limit a car's depreciation.   tidester, host Replies to this message: humanengr (Jan 14, 2007 11:18 pm) tidester (Jan 15, 2007 3:51 am)
#66 of 114 Re: TMV values for high-mileage vehicles [tidester] by humanengr Jan 14, 2007 (11:18 pm)
Replying to: tidester (Jan 14, 2007 10:19 pm) It would make sense if a vehicle continued to depreciate down to some scrap value, but that doesn't seem to be the case.   For one thing, if the limiting value is the scrap metal value of the vehicle, one shouldn't expect it to vary depending on the condition of the vehicle.   As an example, a 1990 Accord 4 DR LX sedan (black, no optional equipment, average condition, in my zip code) is valued at $204 (trade-in), $646 (private party), $1390 (dealer retail) no matter whether the mileage is 200,000, 300,000, or 400,000.   For the same vehicle in rough condition, the values are $61 (trade-in), $407 (private party), $984 (dealer retail) no matter whether the mileage is 200,000, 300,000, or 400,000.   Your bringing up the fact that the values are based on data raises the following: do these values reflect what the vehicle would be worth as a parts car? It seems unlikely there would be detailed data available on that for each type of vehicle. Or is it instead the case that there is insufficient data available to make reasonable appraisals above 200,000 miles? Replies to this message: tidester (Jan 15, 2007 3:51 am)

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