System and method for aggregation, analysis, presentation and monetization of pricing data for vehicles and other commodities

Patent metadata

Field	Value
Publication number	US-11869059-B2
Application number	US-202318167640-A
Country	US
Kind code	B2
Filing date	Feb 10, 2023
Priority date	Sep 9, 2008
Publication date	Jan 9, 2024
Grant date	Jan 9, 2024

Abstract

Embodiments of systems and methods for the aggregation, analysis, display and monetization of pricing data for commodities in general, and which may be particularly useful applied to vehicles are disclosed. Specifically, in certain embodiments, historical transaction data associated with a particular vehicle configuration may be obtained and processed to determine pricing data associated with the vehicle configuration. The historical transaction data or determined pricing data may then be presented in an intuitive manner.

First claim

What is claimed is:

1. A system, comprising:
a vehicle data system coupled to one or more computer devices over a network, the vehicle data system comprising at least a processor and a non-transitory computer readable medium comprising instructions for:
generating an interface for a user to specify a vehicle configuration by defining values for a set of vehicle attributes;
receiving a specification of a vehicle configuration from the user;
accessing vehicle price data, wherein the vehicle price data comprises price data on vehicles, and wherein the price data is received from a vehicle price data source via the network;
determining vehicle configuration price data for the specified vehicle configuration by:
associating each of a set of vehicle price data with one or more of a plurality of vehicle configurations, and
applying one or more models to the vehicle configuration price data, such that the vehicle configuration price data for the specified vehicle configuration includes one or more quantifiable price ranges associated with the specified vehicle configuration and determined based on the vehicle configuration price data for the specified vehicle configuration; and

updating the interface to include the vehicle configuration price data for the specified vehicle configuration, wherein the generation of the interface is initiated substantially contemporaneously to the reception of the specified vehicle configuration and the interface is adapted to present the vehicle configuration price data for the specified vehicle configuration and the quantifiable price ranges, and wherein the interface is adapted to present the quantifiable price ranges in association with the vehicle configuration price data.

2. The system of claim 1 , wherein the vehicle configuration price data comprises a set of historical vehicle sales associated with the specified vehicle configuration.

3. The system of claim 2 , wherein the set of historical vehicle sales data is associated with a time period or geographical region.

4. The system of claim 1 , wherein the specified vehicle configuration comprises a make and model of vehicle.

5. The system of claim 1 , wherein the one or more models include a model associated with the make of the vehicle configuration.

6. The system of claim 1 , wherein the specified vehicle configuration price data is graphically represented by an icon.

7. The system of claim 6 , wherein the icon includes a curve.

8. The system of claim 1 , wherein the one or more quantifiable price ranges are presented on the interface in association with one or more reference pricing data points.

9. The system of claim 1 , wherein the vehicle configuration price data or one or more quantifiable price ranges are represented graphically or numerically.

10. The system of claim 1 , wherein the vehicle price data include price data associated with used cars.

11. A method, comprising:
at a vehicle data system coupled to one or more computer devices over a network:
generating an interface for a user to specify a vehicle configuration by defining values for a set of vehicle attributes;
receiving a specification of a vehicle configuration from the user;
accessing vehicle price data, wherein the vehicle price data comprises price data on vehicles, and wherein the price data is received from a vehicle price data source via the network;
determining vehicle configuration price data for the specified vehicle configuration by:
associating each of a set of vehicle price data with one or more of a plurality of vehicle configurations, and
applying one or more models to the vehicle configuration price data, such that the vehicle configuration price data for the specified vehicle configuration includes one or more quantifiable price ranges associated with the specified vehicle configuration and determined based on the vehicle configuration price data for the specified vehicle configuration; and

updating the interface to include the vehicle configuration price data for the specified vehicle configuration, wherein the generation of the interface is initiated substantially contemporaneously to the reception of the specified vehicle configuration and the interface is adapted to present the vehicle configuration price data for the specified vehicle configuration and the quantifiable price ranges, and wherein the interface is adapted to present the quantifiable price ranges in association with the vehicle configuration price data.

12. The method of claim 11 , wherein the vehicle configuration price data comprises a set of historical vehicle sales associated with the specified vehicle configuration.

13. The method of claim 12 , wherein the set of historical vehicle sales data is associated with a time period or geographical region.

14. The method of claim 11 , wherein the specified vehicle configuration comprises a make and model of vehicle.

15. The method of claim 11 , wherein the one or more models include a model associated with the make of the vehicle configuration.

16. The method of claim 11 , wherein the specified vehicle configuration price data is graphically represented by an icon.

17. The method of claim 16 , wherein the icon includes a curve.

18. The method of claim 11 , wherein the one or more quantifiable price ranges are presented on the interface in association with one or more reference pricing data points.

19. The method of claim 11 , wherein the vehicle configuration price data or one or more quantifiable price ranges are represented graphically or numerically.

20. The method of claim 11 , wherein the vehicle price data include price data associated with used cars.

Assignees

• Truecar Inc

Inventors

• Taira Thomas
• Painter Scott
• Taylor Chris
• Taylor Robert
• Swinson Michael D

Classifications

• G06Q30/0627 Primary

  by specifying product or service characteristics, e.g. product dimensions · CPC title

• G06Q10/067

  Enterprise or organisation modelling · CPC title

• G06Q30/02

  Marketing; Price estimation or determination; Fundraising · CPC title

• G06Q30/0205

  based on location or geographical consideration · CPC title

• G06Q30/0206 Primary

  Price or cost determination based on market factors · CPC title