Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

New Car Pricing Data From Offers On CarWoo

carwoo.com

Post reply on HN
Print view View original

21–28 of 28 posts

Re: New Car Pricing Data From Offers On CarWoo

#21

Post by ohazi »

ssharp wrote: post #8

Is there anything close to CarWoo for the used car market? I recently purchased a three year old car, and when researching how car dealerships work, it seems like the pricing for used cars is substantially different than new cars, making used cars much harder to make sense of. With new cars, you're dealing numbers that aren't impossible to come buy -- MSRP, dealer invoice, holdback, buyer incentives, and dealer incen…

It's a difficult problem to solve: http://en.wikipedia.org/wiki/The_Market_for_Lemons

Re: New Car Pricing Data From Offers On CarWoo

#22

Post by egsec »

tommy_mcclung wrote: post #2

Founder/CEO here. This data is from hundreds of thousands of offers made by dealers on CarWoo! This is likely one of the purest sources of new car pricing anywhere. Would love to answer any questions.

Is this from final offers or a combination of all offers from initial to lowest? Or does it only include final, purchased, confirmed offers?

Re: New Car Pricing Data From Offers On CarWoo

#23

Post by goofygrin »

ChikkaChiChi wrote: post #3
tommy_mcclung wrote: post #2

Founder/CEO here. This data is from hundreds of thousands of offers made by dealers on CarWoo! This is likely one of the purest sources of new car pricing anywhere. Would love to answer any questions.

Can you tell me what sort of larger car/suv has the best ride comfort-to-mpg bang for the buck under 35k that can also fit a 200lb Newfoundland? If only car sites alllowed for this sort of discovery process!

I've actually had an idea for something like this for a number of years (I used to work for ClickMotive) but it's so very hard to gather this data.

The use cases that lead to my thought were: - what cars on the market, both new and used in the last 4 years, offer a 3rd row of seating? - what cars offer a big enough back seat for two rear facing car seats and a twin stroller? (far fewer than you'd believe)

Re: New Car Pricing Data From Offers On CarWoo

#24

Post by Tobu »

erik_landerholm wrote: post #19
ChikkaChiChi wrote: post #3

Earlier quoted context omitted.

Can you tell me what sort of larger car/suv has the best ride comfort-to-mpg bang for the buck under 35k that can also fit a 200lb Newfoundland? If only car sites alllowed for this sort of discovery process!

I had a 170lb St. Bernard at one point and she sort fit into a subaru outback. This was a while ago. Fitting a 200lb dog is a matter of perspective too. What do you mean by fitting? I have a 100lb dog right now and he fits into my crv just fine, but he fits into our Odyssey a lot better. He can lie completely spread out, doesn't have to curl up, etc. Sites that have tried to do things like this in the past have been…

Here are user-collected mpg reports: https://www.fuelly.com/

Re: New Car Pricing Data From Offers On CarWoo

#25

Post by tommy_mcclung »

ChikkaChiChi wrote: post #7

Site layout is clean and effective. The "Most Discounted X" takes into account the largest retail to selling price differential but displays the percentage instead of the price. This caused an immediate disconnect when I looked up the price of the Ford Explorer. The discount percentage averages out to 10.4% but the Infiniti is instead shown on the front page at with a 7.1% discount. Also, I would add a "by Discount %…

Sure does. Thanks for the feedback!

Re: New Car Pricing Data From Offers On CarWoo

#26

Post by timjahn »

Tried Car Woo for the first time a few weeks ago when we were ready to buy a new car and was quite disappointed. I thought it'd be a revolutionary way to not deal with scummy dealerships and I ended up getting 1 shitty offer (total).

That was it. No communication from CarWoo, no tips on how to get more offers. Just a scummy offer from yet another typical car sales guy.

Having now gone through the new car buying process, I can confidently say that it is "ripe for disruption" and somebody needs to level the playing field.

Re: New Car Pricing Data From Offers On CarWoo

#27

Post by zengr »

tommy_mcclung wrote: post #6
fsckin wrote: post #4

Earlier quoted context omitted.

Neat stuff. Some of the data seems "off", for example: https://carwoo.com/new-car-prices/M80025559-2013-mercedes-be... 4 Door Sedan S550 RWD AVG MSRP $102,604 AVG PRICE $421,414 AVG DISCOUNT -290.0% How are you getting an average price of 421k?

Good question, looks broken. We will fix it.

Hi! You accept user password over http. I don't feel comfortable doing that. I am sure using https is not hard for you guys.

Re: New Car Pricing Data From Offers On CarWoo

#28

Post by ssharp »

ohazi wrote: post #21
ssharp wrote: post #8

Is there anything close to CarWoo for the used car market? I recently purchased a three year old car, and when researching how car dealerships work, it seems like the pricing for used cars is substantially different than new cars, making used cars much harder to make sense of. With new cars, you're dealing numbers that aren't impossible to come buy -- MSRP, dealer invoice, holdback, buyer incentives, and dealer incen…

It's a difficult problem to solve: http://en.wikipedia.org/wiki/The_Market_for_Lemons

Thanks for the link. I think with the substantial increased popularity of leased vehicles since the article, the idea that used cars are mostly bad cars isn't as on-point as it may have been. Most "newer" used cars, which most financial people tell you are the best deals, are cars that have come off of original leases, not vehicles that were fully purchased and traded back in.

Cars are also higher quality and many dealers offer certified pre-owned warranties that would cover most issues for some time.

But overall, the idea of information asymmetries in the used car market is dead on. There is some data like Black Book pricing, but since the costs are derived from auction prices, which I have to assume are done in the open, even with restricted access, I'm still surprised there isn't some better cost data published like with new cars.

Post reply on HN