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Analyzing Car Market Trends and Pricing Insights Using Python

This project report analyzes car market dynamics using Python, focusing on pricing trends and influential factors from a real-world dataset of car listings. Key findings highlight the impact of manufacturer, category, engine volume, and production year on car prices, with future work suggested in predictive modeling and interactive dashboard development. The analysis employs EDA techniques to transform raw data into actionable insights for buyers and sellers.

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mohdshabinkk2005
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39 views9 pages

Analyzing Car Market Trends and Pricing Insights Using Python

This project report analyzes car market dynamics using Python, focusing on pricing trends and influential factors from a real-world dataset of car listings. Key findings highlight the impact of manufacturer, category, engine volume, and production year on car prices, with future work suggested in predictive modeling and interactive dashboard development. The analysis employs EDA techniques to transform raw data into actionable insights for buyers and sellers.

Uploaded by

mohdshabinkk2005
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Analyzing Car Market

Trends and Pricing Insights


Using Python
A data science project report by Mohammed Shabin KK,
exploring car market dynamics using Python. This project
analyzes a real-world dataset of car listings, focusing on
pricing trends, influential factors, and market insights. The
analysis employs Exploratory Data Analysis (EDA)
techniques with libraries like Pandas, Matplotlib, and Seaborn
to transform raw data into actionable recommendations for
buyers and sellers.
Project Objectives and Data Source
The project aims to analyze car price distribution, examine factors influencing prices (manufacturer, year,
engine), explore relationships between numerical features, and identify market trends. The dataset,
sourced from Kaggle, includes manufacturer, production year, engine volume, mileage, fuel type,
transmission type, and price. The dataset was cleaned to address inconsistencies, missing values, and
outliers.
Key Objectives Data Source

• Analyze price distribution • Kaggle dataset


• Examine influential factors • Real-world car listings
• Identify market trends • Cleaned and pre-processed
Exploratory Data Analysis
(EDA) Process
EDA is crucial for understanding the dataset's structure, identifying
anomalies, summarizing trends, and visualizing patterns. This
project used Pandas, NumPy, Matplotlib, and Seaborn. The dataset
was loaded, and missing/invalid data was handled. Engine volume
and mileage values were cleaned, and price outliers were removed.
Data types were converted for accurate analysis.

1 Data Loading & 2 Feature Engineering


Cleaning
Creating new features for
Handling missing data analysis.
and outliers.

3 Visualization

Using plots to uncover trends.


Feature Engineering and
Price Normalization
Price normalization converted prices to thousands (Price_K)
for better readability. Cleaned numeric columns included
Engine_Volume_Clean and Mileage_Clean. A filtered dataset
was created by removing extreme price outliers. Grouping by
manufacturer and year helped explore trends like average
price by brand and price evolution across production years.

Price Outlier Removal Grouping by


Normalization Year
Car Price Distribution and Outlier Detection
This analysis examines the distribution of car prices to understand market value variation and detect
extreme listings. The .quantile() method identified price outliers, and .describe() provided summary
statistics. Seaborn's boxplot() and histplot() visualized distribution and outliers. Most cars are priced
between $3,000 and $30,000 USD.
Analyze Distribution
1 Understand price variations.

Detect Outliers
2 Identify extreme listings.

Visualize Data
3 Use boxplots and histograms.
Factor Impact on Car Prices
This section examines how manufacturer, category, engine volume, and production year influence car
pricing. Luxury brands like BMW and Mercedes-Benz command higher prices. SUVs and crossovers are
priced higher than sedans and hatchbacks. There's a positive correlation between engine volume and
price. Newer models are generally more expensive.
Manufacturer
1
Category
2

Engine Volume
3

Production Year
4
Relationships Between Numerical Features
This section explores how engine volume and mileage relate to car pricing. Engine volume has a moderate
positive correlation with price. Mileage shows a weak negative correlation. A multi-dimensional view confirms
that high-mileage luxury cars may still retain value depending on brand and category.

Mileage
2 Weak negative correlation.

Engine Volume
1
Positive correlation with price.

Brand & Category

Influence retained value.


3
Fuel Type and Transmission Insights
This analysis examines how fuel type and gearbox type affect car pricing. Petrol cars dominate the
dataset, but Diesel and Hybrid vehicles show higher median pricing. Automatic transmission vehicles are
generally more expensive than manual ones. Fuel type is a key differentiator in price, likely due to
efficiency and performance factors.
Fuel Type Transmission

Diesel and Hybrid higher priced. Automatic more expensive.


Conclusion and Future Scope
The project successfully analyzed car market trends and pricing
behavior using Python. Key findings include the impact of manufacturer,
category, engine volume, and production year on car prices. Future
scope includes predictive modeling for price estimation, interactive
dashboard development, vehicle segmentation, integration with
external datasets, and time series forecasting of market prices.
Predictive Modeling

Interactive Dashboard

Vehicle Segmentation

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