Invention Grant
- Patent Title: System, method and computer program product for geo specific vehicle pricing
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Application No.: US16888289Application Date: 2020-05-29
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Publication No.: US11532001B2Publication Date: 2022-12-20
- Inventor: Michael D. Swinson , Param Pash Kaur Dhillon , Thomas J. Sullivan , Xingchu Liu
- Applicant: TrueCar, Inc.
- 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
- US20210042774A1 SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR GEO SPECIFIC VEHICLE PRICING Public/Granted day:2021-02-11
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