Automated Prediction for Car Resale Values Using AI
S. Selvakanmani, R Shravani, V. Sharmitha · 2024
In the rapidly growing automotive industry the prediction of car resale values has become a crucial task for buyers, sellers. Accurate resale value helps customers in determining their car's cost and sell them. Our website gives an option for sellers to sell their cars if interested and buyers will be able to buy the car according to their choice. Diverse dataset encompassing various factors like the car's age, mileage, make, model, year and market demand dynamics are used for prediction analysis. For prediction of resale values, machine learning algorithms like Random forest algorithm and XG boost algorithm are used. The website will also have a negotiation tool to facilitate communication between sellers and buyers. This approach aims to give consumers with high accurate resale value forecasts and help them make better decisions in the uncertain used car market.