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

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 $\mathbf{9 2 \%}$ 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.

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Publication Details

Published
2025-06-27
DOI
https://doi.org/10.1109/i2cacis65476.2025.11101629
Primary Topic
Energy, Environment, and Transportation Policies
Type
article
Field-Weighted Citation Impact
0.00
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article

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

Dinuka Wijendra, Jenny Krishara, K.P.D.H. De Silva, H.A Shehan et al.
Energy, Environment, and Transportation Policies
article

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

Dinuka Wijendra, Jenny Krishara, K.P.D.H. De Silva, H.A Shehan, A.S Jayawardhane, A.P.S Premarathne
article en

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 $\mathbf{9 2 \%}$ 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.

Sri Lanka Institute of Information Technology (LK)
Openalex Percentile: Top 87%
Energy, Environment, and Transportation Policies
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