Case StudyAuto1

Auto1 leverages machine learning to connect buyers and sellers of second hand cars across Europe

Auto1 is able to see clearing prices, assess buyers'' and sellers'' behaviour and evaluate criteria for valuation purposes with the use of machine learning. This has enabled the seller of used cars to upgrade its matching of buyers and sellers of second hand cars across European cities.

Context

"The start-up has 35,000 cars on its balance sheet and its new credit business, Auto1 Fintech, that it established with Deutsche Bank and Allianz earlier this year, is set to expand from Germany to France and Poland."

The Project

Auto1 "uses machine learning technology to buy tens of thousands of cars each month, then sells them to dealers in more than 30 countries." (Financial Times)

Results

Results undisclosed

Related Use Cases

Use Case

Provide valuations of second hand products eg cars

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