1. What is the need for used vehicle pricing tool in Indian Automotive Industry?

2. What is eBay Motors Pricebook?

3. How much will the eBay Motors Pricebook SMS cost me?

4. For which cars / bikes can I get the price?

5. Which cities can you tell me the price for?

6. How does Pricebook determine prices?

7. Why is there no analysis based on kilometers run / mileage?

8. How authentic is your data?

9. What makes Pricebook better than other used vehicle price indicators?

10. How often do you update Pricebook data?

11. What are the special features of eBay Motors Pricebook?

12. Do I get a personalized valuation service & certification?

 

1.  What is the need for used vehicle pricing tool in Indian Automotive Industry?

Used vehicle trade in India has immense potential. However, used vehicle industry is highly fragmented and unorganized. There is high incidence of information asymmetry and lack of a standard pricing index for used cars and bikes. Large number of vehicle and regional parameters influence the price of used vehicle viz. model, model year, variant, location and vehicle condition. Lack of a standardized used vehicle pricing index compounds the uncertainty related to the transactions between buyers and sellers of used vehicles. There is no uniformity of the pricing guide data and hence there is ambiguity in arriving at final vehicle price. In such a scenario, there is pressing need for Used Vehicle Pricing Tool such as the eBay Motors Pricebook.

2.  What is eBay Motors Pricebook?

The eBay Motors Pricebook suggests current and future prices of used cars and bikes through a combination of internally developed complex statistical models and huge domain knowledge. Using the eBay Motors Pricebook, you can find out price of used vehicles for used cars and bikes across 61 key markets in India . This includes all key models and makes of vehicles and tool also captures the variance in price over different model variants and locations. Suggested Pricebook values are based on analysis of actual sales data of hundreds of thousands of used vehicles sold on the eBay Motors Marketplace. And to enhance your experience, it is a user friendly and easy-to-use application with regular data updates. The Premium Features of the tool also allow you to compare prices across variants, provides you inputs on the financial status of a used vehicle (book value v/s fair market value) and aids your forecasting needs within this industry.

3. How much will the eBay Motors Pricebook SMS cost me?

The eBay Motors Pricebook SMS will cost you upto Rs. 3 per SMS, depending upon your operator.

Operator	SMS rates for subscribers
Airtel	INR 3
Reliance	INR 3
Vodafone	INR 3
BSNL	INR 0.80 post-paid, INR 1 pre-paid
Tata Indicom	INR 3
Idea Cellular	INR 3
Aircel	INR 3
Spice	INR 3
MTNL	INR 1.00 post-paid, INR 2.00 pre-paid
BPL Mobile	INR 3

4. For which cars / bikes can I get the price?

eBay Motors Pricebook can give you price estimates for 51 models across 266 variants for cars.

For bikes, eBay Motors Pricebook can give you price estimates for 124 models across 186 variants.

5. Which cities can you tell me the price for?

On eBay Motors Pricebook, you can find prices of used cars and used bikes in 4 cities of New Delhi , Mumbai, Bangalore and Chennai.

6. How does Pricebook determine prices?

Used vehicle prices: Used vehicle prices are predicted by Pricebook using a combination of complex mathematical and statistical tools techniques and eBay's strong domain in the used vehicle remarketing industry.
New vehicle prices of previous years: These are new vehicle prices of previous years (e.g. Cost of a new Maruti 800 in the year 2002); part of Premium Features
Future prices: Future prices and forecasting models are also an outcome of similar proprietary statistical models; part of Premium Features

7. Why is there no analysis based on kilometers run / mileage?

Pricebook offers a price range for the selected used vehicle of your choice based on statistical models rather than one single price point for a particular vehicle sold of some indicative mileage. Pricebook believes different used vehicles of a particular make and vintage will get sold at different prices and by using all of this data as part of the statistical models, the upper and lower price limit will capture the efficiencies of various levels of usage (i.e. kms/mileage etc). Hence the tool does not take usage as one of the inputs for predicting prices.

8. How authentic is your data?

More than 10,000 dealers are consistently buying through eBay Motors Marketplace. Auctions are regularly conducted in over 225 cities and towns across India . More than 1000 used vehicles are listed for sale everyday across India . Database is accumulated through listings received from wide variety of suppliers. Thus, it is the most comprehensive database spanning across regional markets, having an optimum vehicle variant mix of vintage and make across different usage scenarios.

9. What makes Pricebook better than other used vehicle price indicators?

Most of the products which offer vehicle pricing service are based on analysis of market surveys which are limited to only to 4 wheelers and restricted sample size. There are no price guides/evaluation tools available in the industry for two wheelers. Past data and market surveys are limited to regional price variations and hence cannot be statistically extrapolated/ interpreted for other cities. Market survey is limited to the recent data as these surveys are carried out once in 4 months/ 6 months. Market survey techniques involve taking price feedback from dealers, brokers, commission agents, vehicle dealers, mechanics on vehicle price at which they are willing to buy/sell the vehicles. Hence it is an expected value and not based on actual transaction price.

The eBay Motors Pricebook suggests current and future prices of used vehicles through a combination of internally developed complex statistical models and huge domain knowledge. Thus, it is based on data of actual transactions. These are the reasons that the price generated by eBay Motors Pricebook has high degree of accuracy and reflects the most recent transactions.

10. How often do you update Pricebook data?

Pricebook values are updated every month based on the auctions conducted on the eBay Motors platform. With each data upload, mathematical tools and techniques are run on the complete set of database and new Pricebook values are calculated giving preference to recent auctions conducted on the platform. Hence Pricebook values truly reflect the market pulse across different cities in India .

11. What are the Premium Features of eBay Motors Pricebook?

On eBay Motors Pricebook, you can find prices of used vehicles for specified Make/Model/Variant across different locations for a specific model year. Using Premium Features , you can also find prices of vehicles of your choice manufactured across different years, plot the prices of used vehicle on graph, Add another vehicle for comparison and find out price of vehicle as per depreciation rates viz Insurance (10%) and company rate (20%). Along with all this, you can find out new vehicle prices of vehicle from as back as 2002. And not just this, you can even find out future prices of your vehicle till 2010. You can always save your used vehicle searches and download your searches so can access it as per your convenience.

12. Do I get a personalized valuation service & certification?

These services are not provided by Pricebook/eBay as of now.