Loading...
Answers
MenuCan you build a used car valuation product from Autotrader (or any other online classifieds) data?
Is the price in the listings statistically reliable? Is the data sufficient to build a model?
In my market, there is no car valuation product like KBB, so I'm wondering about building it from the car classifieds data.
Answers
Hmm .. Interesting that you say your sector isn't being addressed. Wonder why ... But if so, then that's an opportunity.
I've spent the past 4 years specializing in probably THE hardest market for making accurate appraisals: the domain name industry. For me as an engineer, that has meant crunching numbers. So I'm intimately familiar with the issues involved in making inferences about value from partial list-price and sale-price data.
In fact, I spend much of each day compiling raw data and building database-driven tools to organize and analyze it.
So I don't know the auto industry at all, but I know a thing or 2 about figuring out the value of assets in obscure areas.
Certainly a model can be constructed for extrapolating value from list prices. It only remains to be determined how wide the margin of error would be and what kind of latent bias might exist.
If you'd like my help, just ask.
Yes, I can help you build a used car valuation product using data from sources like Autotrader, Kelley Blue Book (KBB), Cars.com, CarGurus, etc.
Here’s how we can approach it:
⸻
Goal:
Create a web-based or API-based product that provides estimated value for used cars based on real-time market data.
⸻
Core Features:
1. User Input:
• Make, model, year
• Mileage
• Trim, condition
• Zip code or location
2. Data Collection (Scraping/API):
• Scrape real-time listings from Autotrader or other sites (unless APIs are available)
• Clean and aggregate data
3. Valuation Engine:
• Use regression or machine learning models to estimate value
• Optionally compare to official sources (KBB, NADA, Edmunds)
4. Interface:
• Simple web UI (Bubble, Webflow, or code-based)
• Or an API for integration into other tools
5. Optional Enhancements:
• Price trends over time
• Sellability score
• Alerts for deals on similar cars
⸻
Tech Stack (Options):
• Frontend/UI: Bubble, React, Next.js
• Backend/API: Python (FastAPI), Node.js
• Scraping: BeautifulSoup, Selenium, Playwright (or Scrapy)
• ML/Valuation: Scikit-learn or OpenAI fine-tuned model
• Database: PostgreSQL, Firebase, or MongoDB
⸻
Important Notes:
• Legal/Compliance: Web scraping from sites like Autotrader can violate terms of service. It’s better to use official APIs if available (e.g., KBB API, Carfax API).
• Rate Limits: If scraping, you’ll need rotating proxies and anti-bot strategies.
⸻
Would you like to:
1. Build a quick MVP using scraping?
2. Use legitimate API access (if you have or want to apply for it)?
3. Build just the valuation engine and UI without scraping?
Let me know your preferred direction and budget/tech preference, and I’ll map out a full plan or even build you a starter prototype.
Related Questions
-
How are online marketplaces valued?
Online marketplaces are typically valued by revenue, community engagement and potential. What is the company's current growth, what is the rate of growth, what is the market share potential, how it is the market, and what are the opportunities that the company affords. These all play a part in valuation. What is the reach? How many subscribers, users, etc all play a partMT
-
Broad niche or Targeted niche which way to go?
I always suggest going "uncomfortably narrow" initially so that you can really dial in the user experience and build liquidity first. Going broad will be tougher as there's too much noise to signal. Also, it's best to fake the supply side initially of you can to improve the buyers side first, then figure out supply & quality afterwards if customers are buying and you've proven out a demand strategy that will work.DM
-
When creating a marketplace, does it make more sense to focus on stimulating demand first or supply?
Focus on the more difficult side of the marketplace. For instance, if you think it'll be easier to get suppliers, then focus first on getting buyers - always be working on your toughest problem (aka your biggest risk). You'll find some great blogging on Marketplace and Platform topics here http://platformed.info (read the ebook too!)CM
-
When working on a double-sided marketplace how do you work out cost of customer acquisition?
I'm the CTO of https://3dagogo.com a marketplace of proven to print 3D designs. We look at the two sides differently. There's not a single customer. In our case you have designers and purchasers ( sometimes the same person can be both ). Cost and methods for acquiring designers are very different than those to attract purchasers. I would clearly separate the sides and come up with separate cost structures. In my opinion when you're looking at the marketplace from the purchaser perspective, the other side's acquisition costs can be seen as fixed marketing costs.DA
-
How to solve a chicken and egg problems for a marketplace like Uber? What is the best way to acquire demand side?
The best way to solve chicken and egg problems for marketplaces is to prove market need on each side independently first with a low-cost MVP-type test. Once you've proven the market on both sides with metrics it is much easier to leg in supply and demand with a strategic or enough funding to match a market on a local or niche level to ensure liquidity. For a deeper analysis, here is a post on medium that I wrote... http://bit.ly/1k2vYbY Also, feel free to schedule a call with me if you'd like to dig deeper.DK
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.