Buying an Automobile is a tough job and requires a lot of work. It is an important asset and no one wants to invest his/her hard earned money in just anything. Moreover, Indian automobile market is huge with different players providing plethora of options to invest in. With so many options, it becomes really difficult to make a decision as there might be many lucrative deals available at that price tag.
Following its mission to make buying and selling of automobiles easier, Droom has created various Discovery Tools to help buyer make a smarter buying decision. Pricing Research Tool is an innovative tool, which tells you how to find the best price in the market.
The Pricing Research Tool is based on complex data science and analytics. It gives the best pricing analysis in terms of Orange Book Value (OBV), Pricing with respect to Droom’s Listings and Orders and Current and past ex-showroom prices for any used vehicles to help making an informed buying decision.
The Pricing Research tool takes the input from a user like Vehicle Type, Make, Model, Year and Trim.
The tool calculates and displays:
- Orange Book Value of the vehicle
- Current and past ex-showroom price for new vehicle
- Low, mean, median, & high values depending upon Droom listings and orders
You get the output in form of different bar graphs and values, making it readily consumable. So, make your way to pricing research to figure out a fair price for your next vehicle and make a smarter decision.