Merging the world of predictive analytics into the automobile industry.
Merging the world of predictive analytics into the automobile industry.
This paper utilizes 48,109 transactions from Canada’s wholesale used car market to determine how factors such as: age and mileage affect the price trajectory of a used vehicle. Evidence is provided to support a theory that after a certain age the price of a used vehicle begins to appreciate. Furthermore, this research paper presents findings on the possibility of locational arbitrage in Canada’s wholesale used car market.
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