Russian tech giant Yandex will acquire 100% of the online platform CM.Expert, which allows dealers to automate the management of secondhand car warehouses using data mining.
CM.Expert will remain an independent company and will continue to develop independently. Yandex does not intend to influence the operational decisions and the work of the company.
Due to implementation of Yandex’ technologies, including the use of machine learning, CM.Expert's demand analysis is expected to become more efficient, allowing dealers to receive a more accurate forecast of sale prices.
More than 1000 dealerships throughout Russia use CM.Expert products, according to Yandex. The platform manages more than $540 million (40 billion rubles) of capital invested in used cars, valuating more than 140,000 cars per month.
Sistema Public Joint Stock Financial Corporation