Valuation using market information for a market intelligence company
Valuation using market information
A market intelligence company wanted to provide an online service which can set the asking price for a used car automatically. This service would help sellers price their cars close to the actual market price.
We helped them help their customers to:
* Price cars closer to their market value
* Speed up the sales process and reduce the time used cars stay in stock
* Reduce manual labor and remove guesswork
The resulting solution is based on a database and R modelling. It enables automatic stock re-pricing so that it matches the current market. The pricing model is now in operative use in an online tool used daily by customers.