Oodle has added a really cool feature to its local classifieds search engine named Oodle Index(OI). OI solves a very basic issue with classifieds – What is the true value of the product? Consider the case when you are in the market looking for a car. Getting the right price on a new car is relatively easy. Watch Edmunds.com forums for the car you want to buy for couple of weeks, read the posts back upto 6 months, extract the good dealer names, extract the price others are paying, and you are done. However buying a old car is a real pain. You don’t really know how much a car should be priced for, and what other people are paying. With most of the major sites spammed with dealer listing which are listed 5K-8K above than the actual price, it makes your search even harder.
Oodle Index solves this problem by giving you with average prices for millions of cars, homes, and rentals listed at Oodle for the past few years. Just search for your car, click on Pricing, and boom — Oodle averages out the price trends for the last 4 years. The data, which gets updated everyday, also gives you information about number of units available for each sub-price range, which can easily tell you the right price range. Also, all the data can be searched for against your location that makes it easy for you to get prices paid by people around you.
I am all in for Oodle Index. Edmunds, please forget your TMV and tell us what people are really paying. Add some microformats to your forums, and make our life easier.
Links:
Oodle
StartupSquad at Wordpress 
January 18, 2007 at 7:51 pm |
Vivek,
Thanks for the nice write-up on the Oodle Index (and for your Web 2.0 coverage overall). If you have any thoughts or suggestions on what we can do next with “OI”- please do ping us.
February 2, 2007 at 11:17 am |
[…] As I discussed with Karim Tahawi, co-founder of My-Currency, discussions around housing as compared to indexes will get too micro-focused. I guess, even by conservative estimates any house which is in the market up for sale today might not be back for sale before another 4-5 years. This means any discussions around a particular house would not be relevant for a longer term of time and might be used more from a historical analysis perspective. Also selling/buying an house is one of the biggest transaction most of us will ever do. So, most of the My-Currency traffic might be from one-time users some of whom might never really return after they buy their house. Take the case of Edmunds Car Forums, which I had discussed before. Only time people log back into Edmunds Forum is when they are looking for a new car, which happens maybe every 2-3 years for a larger percentage of people. Community is pretty responsive, and you have some great information flowing through all the time, which keep the forums very effective to use. […]
March 21, 2007 at 2:12 am |
[…] Checkout my review of Oodle Index launched in January that makes it easier to determine value of a car in your local market. […]
March 24, 2007 at 2:45 pm |
[…] Also read Techcrunch and StartupSquad Tags:classifieds funding local oodle search Share and Enjoy: […]
May 28, 2010 at 12:28 pm |
Fully automatic Italian coffee Espresso machine,used for 10 months,
now available for SALE with all programed functions,working fine and
body in good condition.machine available along with the user manual.
Expected price 2 Lac.Other vending machines also available. Email: hemant1985@ymail.com (sarkar00ss446)
June 10, 2010 at 3:25 pm |
Hey, had some issues with it showing up first in firefox but after refresh all was good
July 31, 2010 at 5:24 am |
Well conceived, novel take on this subject.