Hyper Predictions — Prediction Market for Car Auctions
Hey product hunters!
As @michaeldeng said, we are excited to share the latest from the Hypercars Platform: Hyper Predictions.
Traditional car price guides and marketplaces rely on static live and historical listings to power their data. The power of community is an underutilized resource, so we built a fun and interactive way to harness collective intelligence for car pricing data.
This is a step in our vision for the future of car commerce: dynamic, market-driven, and powered by enthusiasts like you.
Would love to hear your thoughts, feedback, and prediction wins! Feel free to DM me at https://x.com/kentmakishima
@michaeldeng @kentmakishima This is a brilliant way to tap into collective intelligence for car pricing!
@michaeldeng @masump thanks! Tapping into the collective intelligence of the community is core to Hypercars. Like many online groups, the car community holds a wealth of knowledge that’s often difficult to access
This looks interesting, excited to give it a try! Curious - how are you determining the estimated price for each of the prediction games?
@jessica_wang We determine it algorithmically by analyzing the historical sales and auctions of that particular vehicle model.
Track Manual
Thanks for the hunt, Kevin 🙏🏻
🚀 Today we're launching the public beta for Hyper Predictions, a core product of the Hypercars platform 🚀
Why did we build this?
🪟 Bring more pricing transparency to the car market
It's not an easy task today to assess the fair market value of a vehicle. The more used, high-end, or enthusiast-focused the vehicle is, the more this is true.
This is problematic because disagreement on fair value is one of the most common reasons deals fall through and why so many consumers distrust dealers. Before, many buyers relied on KBB to provide a fair value, but that's no longer the case - most likely because the car market has become much more dynamic, so comparatively static KBB values have a harder time keeping up.
We believe a prediction market will be able to respond much more quickly to changing market conditions and help consumers better understand real-time car prices.
🎙 Engage the car community and borrow their expertise
A favorite pasttime of car enthusiasts is giving their opinions on the listing prices of vehicles. It's not uncommon for fiery arguments to occur if two people disagree on fair price.
With Hyper Predictions, we hope to give car enthusiasts a way to put a bit more than empty air behind their convictions. We think it could be quite fun :)
More importantly, we recognize the expertise of the car community. All the data aggregation and AI-based pricing models in the world may not beat a lifelong Porsche enthusiast at valuing a Porsche 930.
We believe the future of car commerce will be a symbiotic merger of technology and community, and we're excited to make Hyper Predictions part of that world.
If you have any feedback or questions, please don't hesitate! You can also DM me directly at https://x.com/igsmikey