DataRobot > Case Studies > AUTOproff Automates More than 50% of Vehicle Estimates – Driving European Expansion

AUTOproff Automates More than 50% of Vehicle Estimates – Driving European Expansion

Company Size

200-1,000

Region

Europe

Country

Denmark

Product

DataRobot AI Platform
AutoML
MLOps

Tech Stack

Machine Learning
Artificial Intelligence
Data Science

Implementation Scale

Enterprise-wide Deployment

Impact Metrics

Customer Satisfaction
Productivity Improvements

Technology Category

Analytics & Modeling - Machine Learning
Analytics & Modeling - Predictive Analytics

Applicable Industries

Automotive
Retail

Applicable Functions

Business Operation
Sales & Marketing

Use Cases

Fleet Management
Predictive Maintenance

Services

Data Science Services
System Integration

About The Customer

AUTOproff is an emerging European leader in digital dealer-to-dealer trading, with more than 100,000 cars on auction in 2021. Established in 2013, AUTOproff aimed to digitize B2B vehicle trading, helping car dealers grow sales and improve profits from used car trading. Professionals can seamlessly and securely buy vehicles directly via AUTOproff’s online auction, with a unique range of integrated on-demand trading services, or sell cars via AUTOproff’s fully managed, end-to-end selling service. AUTOproff also provides C2B web solutions for dealerships, internal digital trading solutions for larger dealership groups and their ecosystems, as well as dedicated enterprise solutions for leasing, rental and insurance firms.

The Challenge

AUTOproff, a European leader in digital dealer-to-dealer trading, was facing a challenge in scaling its operations. The company, which had more than 100,000 cars on auction in 2021, was struggling to produce car value estimates within the 20 minutes promised to customers. This task was entirely dependent on a team of skilled vehicle professionals. As the company grew, the need for scaling became increasingly important. The challenge was to automate the process of producing car value estimates to expedite the turnaround time for customers and free up the data scientists and estimators to focus on more rewarding parts of their jobs.

The Solution

AUTOproff turned to DataRobot AI Platform to build its Pricing Robot, which automated the most mundane parts of modeling and price estimating. The platform eliminated the manual parts of AUTOproff’s analytics lifecycle, cutting the time to arrive at optimal models. DataRobot MLOps simplified monitoring models in production, enabling the team to stay on top of accuracy. The platform also cut experimentation time dramatically, allowing models to be released to production in three weeks or less. AUTOproff used the DataRobot AI Platform to create its Pricing Robot to support automated car value estimates. With a regression model, the company was able to automate 55 to 60% of all estimates.

Operational Impact

AUTOproff automates more than 50% of all estimates, benefiting customers, estimators, and the business.
The company shortens the average time to turn around price quotes, helping deliver on promises to customers and expand across Europe.
With the DataRobot AI Platform pricing more common vehicles, the company removes some of the tedious tasks for the company’s seasoned team of estimators.
The collaboration between data scientists and pricing specialists removes the intuition in pricing, resulting in more accurate prices that increase the chance that estimates will come closer to sales numbers.

Quantitative Benefit

AUTOproff generates more than 1,400 car value estimates daily.
The company automates 55 to 60% of all estimates.
Models can now be released to production in three weeks or less, instead of six months.