FranceFinance and insurance2022 – ongoingAyvens
PredictIA used-car pricing and sales-channel recommendations
Ayvens cut average pricing time by 50% with PredictIA, according to Societe Generale
Problem
Ayvens had to price returned lease vehicles with different conditions and select suitable sales channels. Delays left vehicles in stock and added holding costs.
Approach
Ayvens deployed PredictIA in 2022 to provide pricing predictions and channel recommendations. CatBoost models combined internal records with purchased market data. Predictions reached pricing experts through existing systems, accompanied by confidence scores.
Results
Takeaway
Pricing experts received predictions within their existing tools and could see the model's confidence in each estimate.
Categories
- Size
- Large enterprise
- Industry
- Finance and insurance
- Business function
- Marketing and sales
- Innovation type
- Process innovation
- Adoption
- Built in-house
- Evidence
- Company's own claim
Sources
Source summaries
Societe Generale described PredictIA's models and deployment across 4 countries. It reported an average 50% reduction in pricing time and support for over 100,000 annual used-car sales.
Full details are in the original sources.
