An algorithm to calculate the remaining life of a used vehicle
Used vehicles have an important role in the Italian economy: more than 157,000 companies operate in the buying and selling and there are 440,000 employees. Last year, more than half of sales in the automotive sector concerned used vehicles. Also in Europe the numbers are important: from 2011 to 2016 the number of vehicles in circulation rose from 243 to 257 million and in this ranking Italy ranks second with 37.8 million behind Germany and ahead of the United Kingdom and France.
It is increasingly important to know the state of the cars: an algorithm that will "read" the state of the car has been developed under the supervision of Maurizio Galetto. It is an algorithm that allows to calculate the percentage of residual life of a used vehicle on the basis of objective parameters.
A formula that not only "X-rays" the car at the sale moment, but that can also be useful for future use and continuous monitoring. "km, age of the vehicle, but also the driving style and stress load to which it has been subjected are some examples of variables taken into account by the algorithm - explains Luca Mastrogiacomo - This allows not only to calculate the remaining life of a used vehicle, but also to transform it into a device that, installed on the car and connected to an app, provides the user in real time the state of wear, component by component, and to predict any failures, thus allowing to plan and optimize its maintenance.
The algorithm was presented at the European Parliament in Brussels where the Italian Used Vehicle Dealers Association (AIRVO) asked to establishment of a European table dedicated to the sector, a request supported by MEP Alberto Cirio "I will present a motion for a resolution in Brussels so that - among the initiatives to protect the sector and consumers - a European standard could be defied so as to calculate the remaining life of a vehicle in a scientific way. The algorithm developed by the Polytechnic of Turin can set an example in Europe".
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