Carjojo is a Silicon Valley corporation that was founded by Peter Levy. The company uses data to analyze 3.9 million cars for sale in order to predict the lowest prices and truly represent consumers in the car buying process. Their latest update brings some big changes to its Edge2Edge machine learning technology.
According to PRWeb, Carjojo’s Edge2Edge technology collects and analyzes hundreds of millions of data points on all new cars on dealers’ lots. Edge2Edge together with machine learning calculates thousands of permutations so it can deliver the Guaranteed Best Price, an actual lower price that the dealer will likely accept for any particular car it’s selling. As reported by Carjojo’s Founder Peter Levy, the biggest complaint that they’ve received from their customers is that they have no idea if they are getting a good deal or not.
When the company launched in November 2016, their goal was to level the playing field between car buyers and dealers, by giving the buyers complete information that will help them in their negotiation process. In order to deliver this promise, Carjojo is launching the next generation of Edge2Edge technology which includes a new set of features to arm car shoppers with eve more insider information.
According to Tech Crunch, the first improvement is natural language process. This allows the buyers to search via voice recognition or typing in text. Then, Carjojo will autocomplete the search with makes and models of the cars and show the users every match in his area. Carjojo uses the whole internet to display the full inventory list of the dealerships. This allows the user to see every relevant car, not just the vehicles dealers pay to put into a proprietary system.
Another new feature allows the user to see how long the car has been on the lot, how many similar cars are available in the area, and more. This is done by adding a color coding to each car in the search results. With this information, the system calculates anything that could cut the price, such as special offers to military rebates, and more. On top of this, Carjojo offers to negotiate in the buyer’s name with the dealership for that Guaranteed Best Price. This feature costs $199 and all the buyer has to do is sign the interminable stacks of paper required for buying a car at the dealership.
See Now: OnePlus 6: How Different Will It Be From OnePlus 5?