"Chris@Carlypso" (chriscarlypso)
02/24/2016 at 00:48 • Filed to: None
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"Chris@Carlypso" (chriscarlypso)
02/24/2016 at 00:48 • Filed to: None | 1
| 5 |
I’ve decided most car valuation engines are kind of rubbish and they don’t allow any insights into the real data. I’m thinking of creating my own vehicle-price tools to give some better insights into:
- Moving price trends in both wholesale (real sales price) and retail (asking price) markets
- Easy to follow condition guidelines (panels repainted, lease, rental, etc)
- Detailed VIN-decoded exploded options lists (so rental BMW’s are not compared to competition M sport packs)
- Actual detailed lists of entire transactions listings (so you can see the data that drove the price predictions)
I’ve used Vauto for retail markets, but no one does similar exploded comparisons for other markets. Furthermore, Vauto has huge gaps when it comes to comparing options amongst other retail cars. Carmax has their own internal tools based on speed of sale and options “adders”, but its not accessible to the public.
What would oppo-nauts like to see? Anyone have other cool ideas I can later pass off as my own?
Conan
> Chris@Carlypso
02/24/2016 at 00:59 |
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An easier way to access prices similar vehicles have sold for on Ebay Motors/Autotrader and the lie.
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Chris@Carlypso
> Conan
02/24/2016 at 01:05 |
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Great point here on Ebay motors. I can also scrape dealer sites to see when a car “dissapears” as well as use open-source DMV records in some states to see actual transaction vs asking prices.
If only EssExTee could be so grossly incandescent
> Chris@Carlypso
02/24/2016 at 01:06 |
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Geography has a huge bearing on prices. Something with AWD is gonna command more money in New England than it would if sold in Florida, for instance. Affluent areas and areas with higher costs of living will see cars being sold and bought for more than they would elsewhere.
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Conan
> Chris@Carlypso
02/24/2016 at 01:07 |
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Good plan. Make it all able to be turned on and off and a basic as well as advanced feature/option set for searching.
AMGtech - now with more recalls!
> Chris@Carlypso
02/24/2016 at 02:00 |
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Some way to account for vehicle rarity. For example:
The Jagrolet El Dartero base model sold 500 gazillion in Nebraska alone over its 3 year production run. And it was basic, boring transportation, mostly because it only had a 699cc two-stroke V4 that made 71hp at 16,000rpm and 8lb-ft of torque at 1,600rpm. Today it is worth 56˘ according to AutoTruth Book.
The El Dartero Type SSX-RSZ13.3 was a completely different animal with a factory wide body kit, stiffer and lower suspension, wider tires on BBRoonal wheels, a 9 speed dual clutch manual gearbox, and a 13.3 liter oct-turbo W14 diesel engine producing 2,000 pound feet of torque at 900rpm and 400hp at 5,000rpm. It infamously lapped the defamed Nearbergring in 6.78sec. Sadly, only 500 were built and only 100 sold, mostly due to the fact no ads, publications, or reviews ever mentioned this car. And of those 100, 51 were crashed by salesman before the customer had a chance to bring the car home. AutoTruth Book says this car is worth 61˘.
No idea how you can account for this, but I’ve seen this sort of thing too often. Particularly with sites like KBB and NADA regarding older late model rare-ish performance versions of normal cars.
Sorry that was so long. It’s late and I got carried away having too much fun making things up.
TLDR: Website says normal car is worth X and normal car type R is worth X.01 even though everyone is selling type R for double that.