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
Potential Vendors
Industry
Consumer Goods And Services
Automobiles And Parts
Data Sets
Structured / Semi-structured
AI Technologies
ML Task - Prediction - Regression