Systems, methods, and devices for dynamic used vehicle marketing, dealer matching, and extended sale period transactions platform

• US 10,438,256 B2
• Filed: 09/20/2018
• Issued: 10/08/2019
• Est. Priority Date: 05/15/2017
• Status: Active Grant

• Current Assignee: Wippy, LLC
• Original Assignee: Wippy, LLC
• Inventors: Wollmer, Bradley James, Clark, Scott David, Baer, Jeffrey Henry
• Primary Examiner(s): Casey, Alexis M
• Application Number:
  US16/137,104
• Publication Number:
  US 20190122278A1
• Time in Patent Office: 383 Days
• Field of Search: 705 263
• CPC Class Codes: G06F 16/9535 Search customisation based on user profiles and personalisation
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0619 Neutral agent
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

The disclosure herein provides methods, systems, and devices for marketing and selling used vehicles during an extended sale period and dynamically matching used vehicle dealers to used vehicle transactions. A used vehicle marketing and sales platform allows vehicles to be marketed and sold through a dynamic user interface before its date of availability and/or before auction using a dynamic price listing generation system. The used vehicle marketing and sales platform also matches used vehicle dealers to complete transactions through a dealer matching system in order to provide a physical location for delivery of a used vehicle and to provide fulfillment of the transaction.

Claims

1. An algorithmic-based system for electronic transmission of a dynamically generated notification configured to connect a used vehicle transaction with dealers during a vehicle extended sale period, the algorithmic-based system comprising:

one or more dealer databases configured to store a plurality of dealer profiles, the plurality of dealer profiles comprising desired transaction criteria for each of a plurality of dealers;

a dynamic dealer match engine configured to generate dealer match scores to localize, from one or more dealer databases, one or more dealers for participation in a used vehicle transaction;

one or more computer readable storage devices configured to store a plurality of computer executable instructions; and

one or more hardware computer processors in communication with the one or more computer readable storage devices and configured to execute the plurality of computer executable instructions in order to cause the algorithmic-based system to;

generate a dealer match score for each of the plurality of dealers, wherein the dealer match score comprises a measure of dealer compatibility with a transaction, wherein the dealer match score is calculated by processing a plurality of transaction elements and performing a comparative analysis between the plurality of transaction elements and the desired transaction criteria for each of the plurality of dealers, wherein the comparative analysis comprises one or more of;

accessing the transaction criteria from the one or more dealer databases;

analyzing, based on a used vehicle transaction price, whether the used vehicle transaction will produce a dealer qualifying margin, wherein the dealer qualifying margin comprises a minimum sales margin amount that a dealer will require to participate in the used vehicle transaction;

accessing, from one or more historical financing databases, historical purchase financing data to determine the probability that the used vehicle transaction will require financing by the one or more dealers;

dynamically determining the acceptable level of financing required by the one or more dealers;

processing a subsidiary used vehicle trade-in transaction, the processing comprising dynamically determining whether the subsidiary used vehicle trade-in transaction will alter the used vehicle transaction price;

assessing, from the plurality of transaction elements, the probability that an extended service plan will be included in the transaction;

determining if the probability that an extended service plan will be included in the used vehicle transaction meets a minimum service plan probability threshold required by the one or more dealers;

evaluating whether a subject vehicle of the used vehicle transaction constitutes an acceptable type prerequisite for the one or more dealers;

filter the plurality of dealers based on the generated dealer match score for each of the plurality of dealers to identify a first set of dealers having a generated dealer match score above a predetermined threshold level;

transmit electronically a dynamically generated computer notification to the first set of dealers, the dynamically generated computer notification configured to activate a remote subscriber computer and to enable connection via a URL over a computer network connection to a data source comprising data about the used vehicle transaction; and

receive, over the computer network connection, an electronic confirmation from a first dealer in the first set of dealers, wherein the electronic confirmation activates access to data for completing the used vehicle transaction, wherein the data is accessible only by the first dealer to activate the electronic confirmation through the computer network connection.

2. The algorithmic-based system of claim 1, wherein the used vehicle is a passenger automobile.

3. The algorithmic-based system of claim 1, wherein the transmitting electronically a dynamically generated computer notification to the first set of dealers is performed by the system during a pre-gray period.

4. The algorithmic-based system of claim 1, wherein the transmitting electronically of the dynamically generated computer notification to the first set of dealers is performed by the system during a gray period.

5. The algorithmic-based system of claim 1, wherein the dynamically generated computer notification is displayed via a user interface of the algorithmic-based system.

6. The algorithmic-based system of claim 1, wherein the used vehicle transaction comprises a used vehicle sale by a consignor or a dealer to a buyer.

7. The algorithmic-based system of claim 1, wherein one of the plurality of dealers serves as a fulfillment agent for the transaction.

8. The algorithmic-based system of claim 1, wherein the desired transaction criteria comprise at least one of:

minimum sales margin, used vehicle transaction price, finance revenue share, warranty upsell, reconditioning fees, transaction fees, or commission.

9. The algorithmic-based system of claim 1, wherein generating the dealer match score further comprises analysis of at least one of:

dealer location, dealer availability, customer location, quality of the dealer, transaction timing, vehicle type, extended service plan existence, extended service plan terms, warranty existence, warranty terms, financing terms, upsell and/or supplementary items or features, add-ons, or taxes.

10. The algorithmic-based system of claim 1, wherein the one or more historical financing databases comprise at least one third-party database.

11. The algorithmic-based system of claim 10, wherein the dynamic dealer match engine connects to the at least one third-party database through an application programming interface (API).

12. The algorithmic-based system of claim 10, wherein the algorithmic-based system is configured to perform pre-processing and standardization of the acquired data from the at least one third-party database.

13. The algorithmic-based system of claim 1, wherein the one or more hardware computer processors in communication with the one or more computer readable storage devices are further configured to execute the plurality of computer executable instructions in order to cause the algorithmic-based system to:

display, to a buyer of the subject vehicle, the first dealer to activate the electronic confirmation through the computer network connection;

receive, from the buyer, an electronic confirmation of selection of the first dealer for fulfillment of the used vehicle transaction.

14. The algorithmic-based system of claim 1, wherein the one or more hardware computer processors in communication with the one or more computer readable storage devices are further configured to execute the plurality of computer executable instructions in order to cause the algorithmic-based system to:

display, to a buyer of the subject vehicle, the plurality of dealers;

receive, from the buyer, an electronic confirmation of selection of one dealer of the plurality of dealers for fulfillment of the used vehicle transaction.

15. The algorithmic-based system of claim 1, wherein the one or more hardware computer processors in communication with the one or more computer readable storage devices are configured to execute the plurality of computer executable instructions upon receiving, from a buyer, confirmation of the buyer'"'"'s intent to purchase the used vehicle at the used vehicle transaction price.

16. The algorithmic-based system of claim 1, wherein the one or more hardware computer processors in communication with the one or more computer readable storage devices are configured to execute the plurality of computer executable instructions upon commencement of a used vehicle search by a buyer.

17. The algorithmic-based system of claim 1, further comprising a vehicle listing price engine, wherein the used vehicle transaction price comprises a unique listing price generated by the vehicle listing price engine.

18. The algorithmic-based system of claim 1, wherein the dynamically determining the acceptable level of financing required by the one or more dealers is based at least on one or more of the following:

a minimum specified threshold financing level, the used vehicle transaction price, the dealer qualifying margin, transportation costs, add-ons, extended service plans, warranties, overhead expenses, or taxes.

19. The algorithmic-based system of claim 1, further comprising one or more buyer profile databases configured to store one or more buyer profiles.

20. The algorithmic-based system of claim 19, wherein the one or more hardware computer processors in communication with the one or more computer readable storage devices are further configured to execute the plurality of computer executable instructions in order to cause the algorithmic-based system to:

determine one or more qualified lenders based at least on a buyer profile of a buyer of the used vehicle.