Used Car Price Prediction

Keywords: Car, artificial intelligence, selling Price

Abstract

On several occasions when a second-hand car is sold, the exact price is not known due to various factors, with which it can be sold at less or more value than it is actually worth, you will lose both buyers and sellers who try to calculate the value by intuition or with his knowledge in cars, but this sometimes fails.

Then, with the help of organizing the data in a database, and comparing them with the help of software, we were able to get a much more accurate price, taking into account different factors that could modify the price of the car, such as time of use and quality. of the different parts, among others, achieving a much more accurate price than just using intuition.

Downloads

Download data is not yet available.
References

A. Yadav, E. Kumar, and P. K. Yadav, “Object detection and used car price predicting analysis system (UCPAS) using machine learning technique,” Linguist. Cult. Rev., vol. 5, no. S2, pp. 1131–1147, 2021, doi: 10.21744/lingcure.v5ns2.1660.

Duran, D., & Martinez, P. (2021, November 5). Carads. Zenodo. Retrieved August 17, 2022, from https://zenodo.org/record/5651148

Thai-Nichi Institute of Technology, Institute of Electrical and Electronics Engineers, and IEEE Thailand Section., “Proceedings of 2018 5th International Conference on Business and Industrial Research (ICBIR) : smart technology for next generation of information, engineering, business and social science : 17-18 May, 2018, Thai-Nichi Institute of Technology, Bangkok, Th,” 2018 5th Int. Conf. Bus. Ind. Res., pp. 115–119, 2018.

G. Reiter Director and R. Blázquez, “Universidad Torcuato Di Tella Escuela de Negocios MBA Tesis de Maestría Valuación de autos usados utilizando la técnica de Regresión Lineal Múltiple,” 2007.

I. Permatasari, “No Title על העיוורון,” J. Geotech. Geoenvironmental Eng. ASCE, vol. 120, no. 11, p. 259, 2015.

A. Gavazza, A. Lizzeri, and N. Roketskiy, “A quantitative analysis of the used-car market,” Am. Econ. Rev., vol. 104, no. 11, pp. 3668–3700, 2014, doi: 10.1257/aer.104.11.3668.

C. Chen, L. Hao, and C. Xu, “Comparative analysis of used car price evaluation models,” AIP Conf. Proc., vol. 1839, no. May 2017, 2017, doi: 10.1063/1.4982530.

J. M. Ceferino and J. Ignacio, “LIII Reunión Anual,” pp. 0–16, 2018.

E. Bustamante et al., “negocio de certificación de autos usados,” 2022.

J. Berkovec, “New Car Sales and Used Car Stocks: A Model of the Automobile Market,” RAND J. Econ., vol. 16, no. 2, p. 195, 1985, doi: 10.2307/2555410.

D. Acemoglu et al., “The econometric society,” vol. 76, no. 4, pp. 909–933, 2015.

Received: 2023-05-19
Accepted: 2023-08-21
Published: 2023-09-30
How to Cite
[1]
Y. Cozco Mauri, F. P. Cayo Cayo, J. P. Valencia Jara, and H. U. Bustinza Torres, “Used Car Price Prediction”, Innov. softw., vol. 4, no. 2, pp. 136-152, Sep. 2023.
Section
Journal papers