Pricing insights FAQ

1. What are pricing insights? 
Pricing insights is a feature on carsales that provides buyers with valuable data to help them make informed decisions when purchasing a new or used car. It includes details such as price change history, price rating, estimated price range, and running costs.

2. Where can I access these pricing insights? 
You can access pricing insights via the details section of any ad across all devices (desktop, mobile, and app). First, sign in to your account, visit an ad, scroll down the page and you’ll find the pricing insights section.

3. What kind of data is included in pricing insights? 
 Pricing insights provide several key pieces of information:

• Price change history: See how the price of the vehicle has changed over time.
• Price rating: Understand whether the current price is considered high, low, or average based on similar listings.
• Estimated price range: Get a range of expected prices for the vehicle type, helping you understand if the listing is priced fairly.
• Running costs: See an estimate of fuel costs

4. Are pricing insights available for all listings on carsales? 
Yes, pricing insights are available across both private and dealer listed vehicles.

5. How do pricing insights help me as a buyer? 
Pricing insights help you make a more confident and informed purchase by providing transparency into the pricing history, market comparison, and potential running costs of the vehicle. This can help you assess if the vehicle is priced fairly and predict future expenses.

6. Can I trust the price ratings and estimated price ranges provided? 
Yes, the price ratings and estimated price ranges are based on data collected from similar listings across carsales. These are generated using algorithms that analyse past and current market trends, giving you an accurate view of the vehicle’s value.

7. Are the running costs estimates accurate? 
 The running cost estimates are based on average figures for the vehicle model, considering factors like fuel consumption. While these estimates are generally accurate, they can vary based on individual circumstances such as your location and driving habits.

8. Why am I not seeing pricing insights for certain ads? 
Pricing insights may not be available for certain ads if the listing doesn't meet the necessary criteria or if the data required for generating insights is unavailable. 

9. Are pricing insights free to get? 
Yes, pricing insights are available to all members for free, giving you easy access to important data to aid in your car-buying decisions.

10. How accurate is the price change history? 
The price change history is generated based on the seller’s price adjustments over time. Keep in mind that it’s based on the data available for that specific listing.

11. How frequently are pricing insights data updated? 
Pricing insights data is regularly updated as new listings come in and existing listings are updated or modified. This ensures that you’re seeing the most current information available.