New and Used vehicle market has been growing at 12-15% each year. While Indian market is operating at 1.2:1 ratio for used:new vehicle sales, mature markets like USA, Europe are trading at 2:1 ratio. Used vehicle trade in India has immense potential. At the same time, 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 year, variant, emission norms, and mileage 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.

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. Using the eBay Motors Pricebook, you can find out price of used vehicles for used cars and bikes across 87 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 over 200,000 vehicles sold on the eBay Motors B2B Marketplace. And to enhance your experience, it is a user friendly and easy-to-use application with regular data updates. The tool also allows you to compare prices across variants, provides you inputs on the financial status of a used vehicle (book value vs fair market value) and aids your forecasting needs within this industry.

On eBay Motors Pricebook, you can find prices of used vehicles for specified Make/Model/Variant across different locations for a specific model year. You can also 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 "e; 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 more...

a. Automotive Manufacturers and Franchisee Dealers (New & Used Vehicles):
Setting up and enhancing used vehicle business?
Benchmark & track the resale value of your brand versus competition
Enhance trade-ins to boost new vehicle sales
Assist your dealers to set up used vehicles business by buying/selling vehicles at accurate market prices;
Provide your dealers the right tools to estimate the price to be offered to customers for trade-ins

b. Banks and Financial Institutions:
Trying to minimize your risk on vehicle re-finance?
Don't depend on market survey / individual vehicle evaluators to build vehicle re-finance products. Use Pricebook to understand current market trends and regional variations

c. Leasing Companies, Car Rentals etc.:
Trying to estimate the Residual Value of vehicles to be offered on lease?
Assist your dealers to set up used eBay's Motors Pricebook provides you the foundation to build your Residual Value forecasting models. Benchmark models across segments & analyze future prices trends.
Ensure you get the efficient market value when disposing your existing fleet - Pricebook covers regional variations to guide your disposal strategy

d. Insurance Companies
Trying to find price of models/variants which are obsolete in the current market?
Use vehicle pricing data for model/variants with more than 5 years old and minimize your risk of insuring products at higher amount than market values

e. Direct sellers of used vehicles (to brokers/dealers/commission agents) (online/offline)
Keep attractive start prices for your vehicle auctions and increase dealer participation resulting in better conversion rate and price appreciation
Allows for better understanding of prevailing market prices which aids prudent procurement of used vehicle supply
Combine this with eBay's B2B auction platform (b2bmotors.ebay.in) to enhance efficiencies

f. Research Companies
Researching the Indian automobile market, but have no validated statistics on vehicle resale values?
Use India's first-of-its-kind proprietary statistical and business tool that predicts prices of used cars and bikes

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)
Future prices -Future prices and forecasting models are also an outcome of similar proprietory statistical models.

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

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 assumes 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

More than 10,000 dealers are consistently buying through eBay India’s B2B 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, used vehicles from Banks & Finance companies, end of lease vehicles from Corporates and Fleet Operators, exchange vehicles from large dealers etc. 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.

Most of the products which offer vehicle pricing service are based on analysis of past data and 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.

Pricebook values are updated every 15 days based on the auctions conducted on the b2b 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