The use of artificial intelligence in the used automotive market brings speed, transparency, trust and convenience. While artificial intelligence is transforming the second-hand automotive market, new artificial intelligence applications are expected to affect the sector and accelerate the transformation, especially in terms of accurate pricing. Mehmet Çelikol, CEO of Carvak, one of the pioneers of the industry, shared his predictions about which artificial intelligence technologies can affect the industry. Here are the details…
Innovations in digitalization and artificial intelligence are driving the used car market
While the use of artificial intelligence technologies is increasing day by day, one of the pioneers of this is the automotive sector. In the automotive and second-hand markets, digital transformation is taking place at full speed with the acceleration and benefits created by artificial intelligence. Carvak, which made a rapid entry into the Turkish market last year and changed the balance with its innovative second-hand business model, is a brand that makes a difference by actively and effectively using artificial intelligence in its business model. Mehmet Çelikol, CEO of CarvakWhile sharing details about the use of artificial intelligence in the industry, he also announced his predictions about which new artificial intelligence applications will enter the industry.
The use of artificial intelligence in the used automotive market brings speed, transparency, trust and convenience. This directly increases customer satisfaction. “Artificial intelligence is changing the rules of both sectors and all other technologies that accompany it, almost rewriting the game.who said According to Çelikol, The reflection of artificial intelligence on the second-hand market will become even more evident.
Electric cars sold in Turkey and their prices!
We are sharing our list of fully electric car models and prices sold in Turkey, which we have prepared for you.
Celikol said:Artificial intelligence technologies are transforming the automotive industry in almost every field, from design to production, from insurance to second hand. From this year on, the use of artificial intelligence in the industry will increase even more. In the second hand, where transparency is one of the greatest needs, artificial intelligence will continue to offer great opportunities, especially in pricing and renewal.”
Machine learning will be processing and learning even more data
Artificial intelligence technologies came to the rescue of customers who had problems in pricing. The unmanned artificial intelligence pricing algorithm gives customers the real price at which they can sell their vehicles quickly. Celikol“We launched the second version of our Turkey-specific pricing algorithm at the beginning of 2023. Our teams have realized another very valuable artificial intelligence product. We are confident that it is currently the best resale pricing algorithm in the country. We foresee that in a very short time, the entire industry and millions of customers will move away from speculative movements and take our prices as a reference while buying and selling.” said.
Celikol, stated that artificial intelligence brings great added value in many different processes at Carvak. Celikol said: “As Carvak, we have very important big data as we have renewed hundreds of thousands of vehicles in 10 countries of the world and this data is increasing day by day. Since we will continue our aggressive growth in Turkey in 2023, machine learning will also process more data and learn better. I am confident that this year, we will have the best artificial intelligence product in our country in this regard as well.”
So, what other artificial intelligence applications will come into our lives?
According to Çelikol, we see other applications of artificial intelligence in addition to the current use, especially in the new generation vehicle world, and all these technologies will enter our lives second hand. In the coming periods, topics such as ‘connected cars’, Industry 4.0 and driverless vehicles will be seen more frequently in the second hand. Celikol said:
“With Connected Vehicles, which appear as a very important element of the Internet of Things, vehicles turn into technology devices and can communicate with each other. As Carvak, we transform the vehicles we sell in Mexico into connected vehicles at our renewal center, and we process millions of data on vehicle usage of our customers who buy vehicles from us, with artificial intelligence, and perform predictive analysis. We continue to examine what a connected vehicle solution could be that we can really benefit our customers in Turkey as well.”
We will see Industry 4.0 applications in the second hand
With Industry 4.0, production facilities go one step beyond automation and provide an environment where production devices interact with each other and make decisions with artificial intelligence by processing data instantly. Celikol, “The production facilities of vehicle brands are quite advanced in this respect; however, there is no such progress in the environment where second-hand vehicles are renewed, maintenance and repairs are carried out.
With the development of technology, we predict that we will see industry 4.0 applications in the second-hand market as well. As Carvak, we started to work on simplification and technology renewal at our facility, which has a monthly renewal capacity of more than 2,000 vehicles. We started to evaluate the possible benefits of creating an AI-supported Industry 4.0 environment in 2023.” said.
Everyone is eagerly waiting for the world of driverless vehicles, and for many of us, when it comes to artificial intelligence, driverless vehicles come to mind first. We see examples that are progressing day by day, Çelikol said, “In this regard,We anticipate that the vehicles that exist in the market and that are not produced with these features can also turn into self-driving vehicles. The issue is still early for Turkey, but as Carvak, we follow this area closely.” said.