"sdlomi2" > wrote in message
...
>
> "Rod Speed" > wrote in message
> ...
>>
>> > wrote in message
>> oups.com...
>>
>> > with there being so many models, brands and vintages out there
>> > today, i wonder how much work it must be to collect a useful
>> > sample?! there must be some extrapolation involved somewhere...
>>
>> Regardless of the origins, I bet that today there is a real sense
>> in which the guides drive the market and the pros particularly just
>> have their own variation on the guide price where they dont agree.
>>
>>
> I'm inclined to agree with you. However, one problem has recently
> arisen: REAL EXAMPLE: Black Book, and maybe NADA--dunno for sure--shows
> clean wholesale on Honda Odyssey's like several (meaning 2 or more?)
> thousand dollars higher than they are bringing in the real market. Makes it
> hard to sell them at whls. markets, 'cause so many dealers have relied on BB
> when trading for them. Then, when he gets it to market and it brings way
> less than he put in it to trade for it, he can't sell it--or does so at far
> less than he'd planned. And unless he made a screaming deal up front, hiis
> 2-car washout will result in a loss. So, even tho' guides may taint prices
> somewhat, like in this particular case, it causes losses when it can't MAKE
> the would-be buyers step up & pay the higher book reflection of worth.

Yeah, bound to be some obvious problems like that.

> So, either your idea, with which I agree somewhat, has to really kick
> in, or else BB has gotta get off their "extrapolating **rses" & get the real
> values in place. s

Or just realise that some book values have problems.
Bet the best of them have realised that for decades now.