![]() ![]() The Edmunds Suggested Price is essential information for you as an auto shopper because cars sell at very different prices depending on their availability and popularity. Used car appraisals will show different figures. It is important to get the details of the year, make, model and options right or you may get incorrect results that can lead to misunderstandings at the dealership. You'll also see the suggested price when browsing a specific piece of new car inventory. If you've configured a vehicle using this page or the "build and price" option, you'll see the Edmunds Suggested Price (formerly called True Market Value) along with two other key pieces of information: the invoice price of the auto (roughly what the dealer paid for it) and the manufacturer's suggested retail price (MSRP), which is also known as the sticker price. How to Use Edmunds Suggested Priceīy Ronald Montoya, Senior Consumer Advice Editor However, other than the incorporation of CarMax's transaction data by Edmunds into TMV® calculations, CarMax does not participate in or otherwise influence the manner in which Edmunds computes those values. Since June 2021, Edmunds has been a wholly owned subsidiary of CarMax, Inc. CarMax is one of the dealers from which Edmunds obtains transaction data. We determine those prices based on a variety of factors, including actual transaction data from dealers. ![]() For customers appraising their vehicles for sale, the Edmunds TMV is specifically for used vehicle trade-ins, to help you understand how much you might expect to receive when you sell your vehicle. Build & Price A Note about Edmunds True Market ValueĮdmunds True Market Value (TMV), also known as Edmunds Suggested Price, is Edmunds' estimate of the current average transaction price - that is, what others are paying - for new or used vehicles in your area so that you can begin your negotiations with a fair price in mind. ![]()
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