How I Used Machine Learning To Price Used Cars

Andrew Carman is a software engineer at Shift.

At the core of any market is pricing. If you get pricing wrong, your marketplace doesn’t work. Our success at Shift—as a marketplace that makes it easy for anyone to buy and sell used cars—hinges on accurately and competitively pricing cars. 

Dealerships traditionally have a team of experts that price trade-ins for customers and manage the prices of their vehicles. They haggle over those prices with buyers that come to their dealerships, and often take advantage of consumers who have less access to car price data.

Our goal is to make selling and buying a car a fun, fair, and accessible experience by using technology to disintermediate what car dealerships do poorly. So we build software instead of back-office sales teams to price our cars, which increases efficiency, levels the playing field for our customers, and lets us systematically improve the accuracy of our pricing over time.

Read on to see exactly how we did it, and pass this along to the folks who might be interested in our approach.

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7 Handy Car Hacks That Will Make Your Life Easier

We all love our cars, but oftentimes we come across unavoidable problems and issues on the road that need a quick fix.  Below, we collected a slew of handy car hacks to make driving a breeze and tide you over until your next maintenance appointment. Read on, and share these tried-and-tested tips from Shift with your friends!

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Staff Picks: 3 Best Used Cars For 2018

It’s time-consuming and it can sap the life out of you. With so many considerations — everything from checking under hood to deciding on a color — across a range of many options, shopping for a used car can overwhelm you and you may just end up settling on the first decent one you spot. Thanks to our Shift team of drivers and buyers across San Francisco, Los Angeles, and San Diego — the process just got a whole lot easier for you! Read on for our picks of the best used family, commuter, and luxury cars for the year ahead. Then, hop on to the comments and tell us what you think!

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