Carfax Canada recently introduced and new pricing tool that was made available through the Kijiji Auto website and mobile app. Both companies tout the new feature as a way for consumers in Canada to find better values for used vehicles and allow them to make better choices as well as help those selling used cars to find the best price.
The company says its price analysis uses a proprietary algorithm that calculates the average price for a vehicle by considering its available history. That history could include factors such as odometer readings, damage and actual selling prices for similar vehicles in nearby locations. Carfax Canada says sellers and shoppers can use those findings as a benchmark to understand what similar cars are worth.
Carfax Canada says it is the exclusive source of vehicle history information on Kijiji Autos’ platform, and the company's president and general manager Mark Rousseau said in a news release that the company is "proud to now also power the platform’s price analysis tool with Carfax’s valuation data."
Leanne Kripp, director of autos at Kijiji, said in a news release that Canadians mentioned transparency when telling her company which factors would be an important factor for them in using the new platform.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.