NADA stands for National Automobile Dealers Association. It was founded in 1917 by a group of dealers determined to lower the luxury tax on automobiles from 5% to 3%. NADA was established in order to protect the interest of car dealers across the United States. In 1917, a coalition of dealerships petitioned the US Government in an attempt to alleviate the high taxes on luxury vehicles. When the petition proved successful, NADA developed into a permanent organization aimed at representing fair and regulated automobile values across the country.
It represents nearly 17,000 new-car and truck dealers, both domestic and international, with about 37,500 separate franchises. It is not just a blue book looking after a confined category of vehicles, instead it offers information and statistics on Trucks, RVs, classic cars, ATVs and even boats. Recently, NADA entered into Motorcycle segment providing the information from a large set of database about all the motorcycles being sold in the US.
If you are considering the NADA motorcycle values, then it is likely that you already have an idea that you need to research before making a purchase or sale. NADA is known for providing price guides containing prevalent prices of automobiles. Currently, scads of people in the country refer to NADA Motorcycle price guides to decide the right price to sell or buy bikes.
NADA motorcycle values are based upon dealer wholesale prices which may project different prices than other Blue Book guides. The value NADA lists in its NADA Book is often higher when compared to others, like Kelley Blue Book, since it primarily pertains to newer vehicles and is therefore utilized as a basis for tax determination. This high value is determined by the average price of vehicles sold wholesale from dealerships across the country.
NADA Guide's online tool offers great assistance in buying/selling a motorcycle. It gives users the option to list the condition of the vehicle on a range from Excellent to Poor, which will adjust the price and value, resulting in a more accurate quote. Just like the physical copy of NADA Guide, the online tool makes the evaluation a very quick process. All you need to do is, provide the information : Make, Model and the Year of Manufacture and you will get an estimated value within few seconds.
The efforts put in by NADA has made the buying/selling process much easier and has helped millions of buyers and sellers in the US.