Invention Grant
- Patent Title: System, method and computer program product for geo-specific vehicle pricing
-
Application No.: US13173357Application Date: 2011-06-30
-
Publication No.: US10296929B2Publication Date: 2019-05-21
- Inventor: Michael Swinson , Param Pash Kaur Dhillon , Thomas J. Sullivan , Xingchu Liu
- Applicant: Michael Swinson , Param Pash Kaur Dhillon , Thomas J. Sullivan , Xingchu Liu
- Applicant Address: US CA Santa Monica
- Assignee: TRUECAR, INC.
- Current Assignee: TRUECAR, INC.
- Current Assignee Address: US CA Santa Monica
- Agency: Sprinkle IP Law Group
- Main IPC: G06Q30/02
- IPC: G06Q30/02

Abstract:
Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
Public/Granted literature
- US20130006876A1 SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR GEO-SPECIFIC VEHICLE PRICING Public/Granted day:2013-01-03
Information query