AI-Driven Vehicle Valuation and Market Trend Analysis for Sri Lanka's Automotive Sector

Abstract

The automotive sector in Sri Lanka faces challenges in vehicle valuation accuracy and market trend analysis due to fluctuating prices, varying vehicle conditions, and environmental concerns. This paper presents an AI-driven vehicle valuation system integrating machine learning models for automated vehicle identification, damage detection, market trend analysis, and environmental sustainability assessments. Using deep learning techniques such as Convolutional Neural Networks (CNNs) and time-series models like Long Short-Term Memory (LSTM), the system delivers accurate valuation and market trend insights. Experimental results demonstrate 9 2% accuracy in damage classification and a mean absolute error (MAE) of 5.3% in repair cost estimation, supporting informed decision-making. This research bridges gaps in valuation transparency and sustainability in emerging automotive markets.