(Click on the image to enlarge) |
The graphics above prove that the "Other" factors like ownership, service history, garage/parking type, routine maintenance and overall condition make a significant difference in prices, due primarily to the availability of the online data (CarFax, Vin History, etc.), comparative marketing sites (Cars.com, CarGuru.com, etc.), and emerging instant valuation sites like JustAutoValue.com.
Those who are into data science or modeling can learn more about it from my recent book "Pricing Pre-owned Auto Market - A Hedonic Modeling Approach" available on Amazon (search 'Sid Som's Books').
JustAutoValue.com produced these sample valuations in less than 30 seconds each. The site is mobile-friendly so no additional Apps are needed. Try out your own subject pre-owned Car, SUV or Pickup. It's totally FREE and NO login/registration of any sort is required. Nearly 90 Major Brands are currently covered.
Just click on the Brand of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to JustAutoValue.com:
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