iSeeCars.com

What is iSeeCars.com? iSeeCars.com is a car search engine -- "the Kayak.com for people in the market to buy a car," according to ABC News -- that aggregates all listings of used cars for sale onto one site, making it easier and much less time-consuming for consumers to find the best deals and save money. It turns used car shopping on its head by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of cars and tens of thousands of dealers, providing helpful insights and guidance to users to find a good car at a good price from a trustworthy seller. Based in the Boston area, iSeeCars.com was founded by technology veteran Vineet Manohar, who formerly led Big Data projects at TripAdvisor, and software executive Phong Ly, who helped launch new products and markets at SAP. How does iSeeCars.com provide value to users? The value for consumers centers on bringing information transparency to the used car shopping process. 1) Save time and manual effort. The average car shopper visits 18 different websites in their search for a car, according to a Google automotive survey. iSeeCars.com aggregates and analyzes data daily from over 75% of all used car listings in the United States onto a single site. It also brings together and evaluates relevant information from multiple sources to help consumers more easily find their perfect car. 2) Avoid overpaying and save money. One out of four used cars for sale is over-priced by an average of over $1,000. iSeeCars.com helps consumers save money by analyzing, scoring and ranking each car to identify the best deals, and by assessing each dealer objectively. Since its launch, iSeeCars.com has helped shoppers save over $60 million. 3) Arm shoppers with objective analyses and stats to negotiate a great price with the seller. iSeeCars.com provides an unbiased analysis of cars to users and highlights front and center whether the car is underpriced or overpriced, as well as statistics such as how fair the dealer is and whether they're out to gouge consumers, how long the vehicle has been on the market, price change history, the vehicle's number of owners, whether it has been in an accident, and many other data points. As a result, consumers will be able to arm themselves with the key stats in order to have a smart dialogue with the seller and negotiate a great price. How does iSeeCars.com calculate the market price for a used car? Knowing the market price of a car is helpful in understanding whether the asking price of a car is fair or whether the seller is pricing their cars higher than market value. iSeeCars.com calculates the market price by analyzing the prices of similar cars for sale in the same local area. A mathematical model is then created that takes into account many factors including price, mileage, condition, features to determine how much sellers are underpricing or overpricing their cars. Cars that are underpriced relative to our calculated market price are highlighted as being priced "Below Market." Overpriced cars are indicated on the site as "Above Market."