It started with the dream of making the complex and often intimidating process of buying a car simpler.
“AutoUncle specializes in evaluating used cars based on current market statistics. In Denmark, we scan and compare prices on 35,000 cars currently for sale daily. AutoUncle's rating system is used daily by more than 2,000 professional car dealers, leading car importers, SKAT and Facebook Marketplace.”
Today, it is the entire foundation of everything we do at AutoUncle.
It all started with the algorithm our founders Johan Frederik Schjødt, Niels Kristian Schjødt and Jonas bylov built.
Most people know AutoUncle for our search engine and price comparison tool for used cars, but our developers will tell you that the technology behind the platform does much, much more: generate car valuations based on advanced statistics, index and process millions of cars every day, automate marketing platforms and billing systems and that's just to name a few.
The algorithm that makes us today the international standard for price assessments and comparisons in Europe.
The algorithm we use is called AutoScore and the way it evaluates cars works based on 3 simple steps:
#1 Scanning car ads
#2 Validation of information
#3 Assessment of the car in relation to the market
1. Scanning car ads
Every day, AutoUncle scans the current car market and car advertisements for information and data in order to be able to locate the information that is important for the car's pricing, including year, mileage and equipment.
The algorithm is actually so intelligent that it can take spelling mistakes and different spellings into account.
In total, the algorithm takes into account more than 100 different parameters.
2. Validation of information
The next step in the assessment process is to validate that a car's information is realistic. For example, whether the car's kilometer figure is realistic in relation to the car's age.
If information is missing on a car, the Algorithm adds it itself, based on what would be most likely based on a data perspective.
3. Assessment of the car in relation to the market
In order to assess the car, we statistically compare each individual car with other similar cars for sale on price and the more than 100 parameters that were collected during the scanning phase.
In principle, AutoUncle does the same as you might do when you have to evaluate a car yourself and sit and compare different cars on price, km, year, etc. - here it just happens automatically, with hundreds of data points and statistics.
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