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Edmunds Pricing & TMV

111 messages,  Last post on Jul 07, 2009 at 7:13 PM

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#59 of 111 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 111 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 111 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 111 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 111 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 111 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)
#67 of 111 Re: TMV values for high-mileage vehicles [humanengr] by tidester HOST Jan 15, 2007 (3:51 am)
Replying to: humanengr (Jan 14, 2007 11:18 pm) Oh, I certainly agree there probably are other factors such as the resale value of parts and so on. I just don't know in any detail how the figures are arrived at in TMV. You may want to consider using the "Contact Us" tab in the help section (see link at bottom of this page) to get in contact with the people who do the TMV.   Also note that even a 10% annual depreciation rate results in a very small amount of depreciation on a $500 vehicle compared to that on a $50,000 vehicle, $50 versus $5,000. In any case, there is a theoretical minimum for the value of a vehicle: $0!   tidester, host
#68 of 111 Re: TMV values for high-mileage vehicles [humanengr] by cccompson Jan 15, 2007 (4:22 am)
Replying to: humanengr (Jan 14, 2007 10:09 pm) Both factors have to come into play. The number of cars that survive to reach extreme mileage (say 350K) is small and they simply don't come on the market very often. Above 200K, mileage is going to have little impact on value. This latter factor fuels the former - folks just drive 'em into the ground.

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