PriceHub Aims to Give You Actual Sold Prices for New and Used Cars

Editor-in-Chief

I’ve always thought that KBB and Edmunds used values for late model cars were totally bogus. But as a used car buyer you are forced to contend with sellers who think their three-owner, eight year old car with no maintenance records is worth KBB retail. Up to now the closest thing I’ve seen to "real world" values is what you can find by searching completed auctions at eBay, but even that isn’t always very helpful. Well now a new site called PriceHub aims to "bring price transparency to the car buying and selling process for new and used vehicles … by providing an online database of real prices from vehicle transactions." How do they do that? They ask folks who have bought cars to enter data from the sale. Obviously, it’s not a perfect system, but I’d say it’s better than anything else out there right now. They have over 17,000 data points so far, and once it grows, it should get a lot more accurate for a wide range of vehicles. Check out the Porsche 911 data below and then go to the make/models you are most familiar with and see what you think.

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Posted at 6:35 pm in used cars

Comments

Jack
Oct 17, 2008 at 1:39 am

actual car price database is important as it helps car shoppers to get better deal.

JoshuaS
Oct 8, 2008 at 3:39 am

Hmmm, it doesnt seem to put into account different trim packages. For instance and 2004 golf gti may go for well less than a 2004 golf r32.

artie99
Oct 8, 2008 at 1:10 am

So… what do they do when as the years pass – do they wipe out all the results over a year? Cause what you pay now for a 2005 model will not be the same you would pay next year for the same car.

SpeedCanHurt
Oct 7, 2008 at 11:07 pm

Different cars will get different prices in different areas too. You won’t get a lot for a low-rider in the middle of nowhere and dirt roads, for example. Your best bet is to know what you’re buying, and do your research – elsewhere.

Heidi
Oct 7, 2008 at 10:05 pm

Interesting… enter in all 4 cars in my household… and cheated and entered in my old car I sold 2 years ago as the buyer, just so the data was there

oldscoob
Oct 7, 2008 at 8:50 pm

still impossible. Like the truth of automobiles. one model car, to another, both roadworthy,both the same model, price range thousands of dollars difference. The “statistics people” are in hell attempting to nail this…if your that frickin stupid, go get a honda.