AI Use Case

Provide valuations of second hand products eg cars

Provide valuations of second hand products. Typically this will be based on market prices being applied to individual products offered for sale. Absent specific sample details prices these may be a base for negotiation rather than a fixed price (e.g. in second hand vehicles).

Function

Marketing

Product Marketing

Benefits

Revenue - Pricing optimisation,Revenue - Improve trading decisions (eg market demand estimates)

Case Studies

Auto Trader ~Auto Trader improves second-hand vehicle valuation accuracy using machine learning ,Auto1~Auto1 leverages machine learning to connect buyers and sellers of second hand cars across Europe

Industry

Consumer Goods And Services

Automobiles And Parts

Data Sets

Structured / Semi-structured

AI Technologies

ML Task - Prediction - Regression

Potential Vendors