A new generation of vehicle pricing
If you have ever complained about car prices not being estimated properly, those times are over. Check out the most advanced car price evaluation service in Europe.
Pricing for the biggest players now available for everyone.
Need just a quick price estimate or an in-depth understanding of car price and market position? One service that fits your needs, however you price your cars.
Unrivalled market price estimation
First things first - there is NO OTHER tool on the market with such advanced machine learning techniques that can predict market price. By processing over 7 million vehicles a day, the pricing engine reacts to even slight changes in trends immediately. Need proof? Read further...
See sold vehicles
Everyone can see what’s on sale today. But you can be the one who sees what matters - the only real deals are the ones that already happened. For every vehicle, you know all the details, photos, days on display, price drops...just about everything.
NEW: Virtual market
Imagine you could see the entire market of the most recent months at once. Now you can. Everything you don’t see in classified ads is now fully transparent. Days on display for the entire stock, all sold vehicles, and their turnover. Filter stock as you would on any classified server and get proof that the recommended price is the best market price possible.
Local and European market
We collect and process millions of ads throughout Europe every day. We process most of the major European classified servers and auction portals, enrich information from vehicle catalogues, process vehicle descriptions and photos to improve data quality, so we can predict prices in the best way possible. That’s how we can price even the rarest vehicles.
All the perspectives you might ever need
Check price versus mileage in a comprehensible way. Makes it easy to scan the market quickly.
Get automatic detailed side-by-side comparison of the advertised vehicles with highlighted differences.
Get automatically highlighted features with the price impact on every vehicle.
You might be wondering
Correct car pricing is absolutely crucial for car dealers and can help bring significant increases in profit margins, sometimes by as much as tens of percentage points. We use the latest technology and data on car advertising and auctions across Europe to price cars. The first step we take is to consolidate the information, identify an exact specification of the vehicles, and remove duplicates and incorrect/meaningless adverts, so that we have a clear picture of how many cars are actually on the market. For us, it’s all about the best quality data, as the accuracy of the estimated selling prices and liquidity (estimated selling time) of the cars all hinge on this.
The second step means we focus on unfair market practices that distort market information. Specific examples of these are “cars just sold” - attractive cars that don’t actually exist. Fraudulent advertisements (scams), identifying cars with the odometer turned back, cars with undeclared damage, etc. We can also reliably identify a less harmful, but still frequent practice, that of renewed advertisements, where the advertisement pretends to be a new car. Systems that don't have these skills naturally tend to estimate unrealistic/faster sale times and push actual prices down. This is because they can’t recognize which car price is not real. We process approximately 7 million ads a day in this way.
The third step involves using advanced technology to determine the real market price of each car as accurately as possible. Making huge use of machine learning and artificial intelligence, we determine the specific attractiveness of a car for each country. We take into account the number of accessories, together with the impact specific features have on demand and price, as well as missing features that in turn reduce the price of the car or impair its marketability. Thanks to a wealth of data from all over Europe, we can even price cars that sell poorly in your area. This is even down to the level of similar cars, not just the same specification, including equipment and mileage.
We focus on getting rid of the shortcomings that other services have known about for years.
- Nonexistent, attractive cars that only attract customers to the dealer, but, in reality, these cars don't exist and evidently lower the market price
- Renewed advertisements, where it then appears that more cars have been sold, faster, and at a higher price than is actually the case
- Fraudulently attractive adverts, which are used only to extract money from customers
- Deliberate misrepresentation of tax-free prices or prices that only offer financing, without recognizing damage to cars or turned-back mileage, a practice that has already appeared on the market
- Generally outdated valuation methods that don’t not take into account the current market situation (e.g., price drops when new models are launched or situations such as Covid-19)
- The wrong method of including the equipment into the price and whether a particular missing feature in turn reduces the marketability of the car and thus its price
All of this is a matter of course for us and we’re continually investing in further improvements.
To enable us to determine the selling price, we monitor the entire retail market. We consider a sold car to be one that disappears from a listing and does not reappear within a certain period of time, or the same car does not appear in another listing. Of course, there is a relatively small percentage of cars that, in the end, aren’t sold; this primarily involves private individuals who change their minds for some reason. Even this information carries weight in our valuation. We then take the last price quoted in the advertisement as the sale price. It is possible that the car may have actually been sold at a discount, but this is an area that cannot be further specified for several reasons. Often a discount is given by the dealer in a form other than cash (for example, a set of free tyres), the car is financed and sold at a lower price with the proceeds of financing, or the price is reduced by a setoff for a trade-in.