Shriram Automall To Enhance Its Pre-Owned Vehicle Price Prediction Platform
Pre-owned vehicles and equipment auction platform, Shriram Automall India has signed an agreement with Yardi School of Artificial Intelligence at IIT Delhi to enhance their in-house developed pre-owned vehicle valuation platform the PriceX.
The platform is a price prediction engine that assists in predicting the value of any pre-owned vehicle from any source and geography in real-time and also helps the new vehicle dealers to get the right exchange value for the used vehicles.
In collaboration, the professors at the IIT-Delhi team will provide the expertise to improve the accuracy of the PriceX tool through statistical modelling, machine learning and other complex artificial intelligence algorithms while Shriram Automall will provide its expertise on pricing and valuation data of pre-owned vehicles and equipment.
The buyers can know the right value of the vehicle in three simple steps. The sellers would be able to use the tool to know the right value of their vehicle and save them from getting the loss. Even the used vehicle dealer can acquire used cars at the right price and save themselves from paying a huge margin to the middleman.
