Click here to Skip to main content
14,970,849 members
Articles / Artificial Intelligence / Machine Learning
Article
Posted 30 Oct 2019

Stats

2.6K views
1 bookmarked

Auto Auction AI

Rate me:
Please Sign up or sign in to vote.
0.00/5 (No votes)
30 Oct 2019CPOL1 min read
Recommendation System for wholesale automotive sales

This article is part of the Cloud AI Challenge with SAP HANA and Amazon SageMaker. This entry is not meant to be a full article - it's purely just an outline of an idea - and will be removed once the contest has concluded.

Introduction

There are several dealer-to-dealer automobile auctions in the United States and more worldwide. Each day tens of thousands of used vehicles are posted by dealers for purchase by other dealers.

For the dealers that are buying cars, they want to purchase used vehicles they can easily and profitably resell. Each dealer is unique but some combination of make, model, year (years old), mileage, asking price, and used car value from services such as NADA and Kelly Blue Book (KBB) and perhaps even seasonal variations.

Automating this process to provide recommendations across multiple auctions to a specific dealer taking into account that dealers’ specific need could be an excellent application of machine learning.

Issues

The set of cars for sale change each day so that all the cars have to be loaded into the recommendation system, used car values found and a machine learning model run for each dealer to come up with a recommendation.

Implementation

This system would have an area where dealers could fill out a profile with parameters on which to build a machine learning model.

Test and training data would have to be automatically obtained and updated on a regular basis as automotive models change over time.

Once a model is created and trained for the dealer it can be run each day against the current day’s set of cars and the recommendations communicated with the dealer.

Future expansion

Future expansion could expand this into automatically bidding (possibly another machine learning task) using the daily recommendations.

History

Initial version

License

This article, along with any associated source code and files, is licensed under The Code Project Open License (CPOL)

Share

About the Author

DaveNoderer
CEO Computer Ways, Inc.
United States United States
Developer, MVP Reconnect and community activist in South Florida.

Comments and Discussions

 
-- There are no messages in this forum --