Intelligent Vehicle Pricing Engine

Steer AI’s pricing engine combines real-time market data, AI-powered damage assessment, and regional market intelligence to deliver the most accurate vehicle valuations in the automotive industry.

Core Pricing Capabilities

Real-Time Market Intelligence

AI-Powered Damage Assessment

Our advanced AI analyzes vehicle condition and calculates precise value impact:

Damage Detection

Comprehensive Analysis• Visual damage identification • Severity classification • Repair complexity assessment • Hidden damage prediction

Cost Calculation

Accurate Estimation• Parts pricing (OEM/Aftermarket) • Labor cost calculation • Paint and materials • Regional rate adjustments

Value Impact

Market Effect• Diminished value calculation • Resale impact assessment • Insurance considerations • Market acceptance factors

Pricing Methodologies

Multi-Source Valuation

Condition-Based Adjustments

Condition LevelDescriptionValue Adjustment
ExcellentLike new, no visible wear+5% to +10%
GoodMinor cosmetic issuesMarket value
FairNoticeable wear, some repairs needed-10% to -20%
PoorSignificant damage, major repairs-25% to -40%
SalvageStructural damage, safety concerns-60% to -80%

Damage Impact Matrix

Advanced Features

Dynamic Pricing Models

Predictive Analytics

Future Value Prediction• Market trend analysis • Depreciation modeling • Seasonal adjustments • Economic impact factors

Scenario Analysis

Multiple Valuation Options• As-is current condition • Post-repair valuation • Parts/salvage value • Trade-in vs. retail scenarios

Repair Cost Intelligence

{
  "repair_estimate": {
    "parts": {
      "oem_cost": 2400,
      "aftermarket_cost": 1680,
      "used_cost": 960
    },
    "labor": {
      "hours": 12.5,
      "rate_per_hour": 85,
      "total_cost": 1062.50
    },
    "materials": {
      "paint": 320,
      "supplies": 180
    },
    "total_estimates": {
      "oem_repair": 3962.50,
      "aftermarket_repair": 3242.50,
      "budget_repair": 2522.50
    }
  }
}

Business Applications

Automotive Dealers

Insurance Companies

Fleet Management

Accuracy & Validation

Performance Metrics

MetricSteer AIIndustry AverageImprovement
Price Accuracy96.8%82.4%+17.5%
Damage Assessment94.2%78.1%+20.6%
Processing Speed45 seconds8.5 minutes11.3x faster
Data FreshnessReal-timeDaily24x more current

Validation Process

API Integration

Pricing API Example

import steer_ai

client = steer_ai.Client(api_key="your_key")

# Get vehicle valuation
valuation = client.pricing.get_valuation({
    "vin": "1HGBH41JXMN109186",
    "mileage": 35000,
    "condition": "good",
    "location": {
        "zip_code": "90210",
        "state": "CA"
    },
    "damage_assessment": {
        "front_bumper": "minor_scratches",
        "rear_quarter": "medium_dent"
    }
})

print(f"Market Value: ${valuation.market_value:,}")
print(f"Trade-in Value: ${valuation.trade_in_value:,}")
print(f"Repair Cost: ${valuation.repair_estimate:,}")

Webhook Integration

// Webhook handler for price updates
app.post('/webhooks/pricing', (req, res) => {
  const event = req.body;

  if (event.type === 'price_update') {
    const { vehicle_id, new_price, price_change } = event.data;

    // Update inventory pricing
    updateInventoryPrice(vehicle_id, new_price);

    // Notify relevant stakeholders
    if (Math.abs(price_change) > 0.05) {
      sendPriceAlert(vehicle_id, price_change);
    }
  }

  res.status(200).send('OK');
});

ROI & Business Impact

Cost Savings

Time Efficiency

Faster Valuations• Manual appraisal: 2-4 hours • Steer AI: 45 seconds • Time saved: 95%+ reduction • Daily capacity: 20x increase

Accuracy Improvement

Better Decisions• 17% more accurate pricing • 25% reduction in pricing errors • 30% improvement in margin protection • 40% faster deal closure

Revenue Impact

“Steer AI’s pricing engine helped us increase our gross profit per vehicle by $800 while reducing our inventory turn time by 35%.” Lisa Rodriguez, Finance Director, Coastal Auto Group

Getting Started

Market Leadership: Steer AI processes over 1 million vehicle valuations monthly and maintains the industry’s most comprehensive real-time pricing database.