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System and method for calculating and displaying price distributions based on analysis of transactions

  • US 10,489,810 B2
  • Filed: 02/15/2019
  • Issued: 11/26/2019
  • Est. Priority Date: 09/09/2008
  • Status: Active Grant
First Claim
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1. A vehicle data system comprising:

  • a processor;

    a non-transitory computer readable medium comprising computer code for processing distributed vehicle data, the computer code comprising code for;

    obtaining a set of historical transaction records from a first set of distributed sources, each transaction record associated with a corresponding vehicle identification number (VIN);

    enhancing the historical transaction records with data collected from a second set of distributed sources by VIN;

    generating a dealer cost model for each of a set of manufacturers based on invoice data corresponding to that manufacturer, each dealer cost model defining holdback as a function of one or more additional pieces of invoice data;

    binning the historical transaction records based on at least one vehicle attribute and geography;

    generating a price ratio model for each bin based on multivariable regression analysis of a set of vehicle attributes in the enhanced historical transaction records corresponding to that bin, each price ratio model defining price ratio as a function of one or more vehicle attributes in the set of vehicle attributes;

    providing a web page to a client computer, the web page having one or more input fields for a user to provide a user-specified vehicle configuration comprising a set of user-specified vehicle attributes;

    receiving over a network via the web page the set of user-specified vehicle attributes;

    generating a responsive web page in response to the user submitting the user-specified vehicle attributes comprising;

    applying a first set of rules to select a bin based on the set of user-specified vehicle attributes, the first set of rules selected based on at least one user-specified vehicle attribute and geography;

    applying a second set of rules to select a dealer cost model based on at least one user-specified vehicle attribute;

    applying the selected dealer cost model to a set of enhanced historical transaction records corresponding to the selected bin to generate a dealer cost;

    applying the selected price ratio model corresponding to the selected bin to the set of enhanced historical transaction records corresponding to the selected bin to generate a price ratio;

    generating an average price paid for the user-specified vehicle configuration as a function of dealer cost and price ratio;

    generating one or more relative price ranges based on the average price paid for the user-specified vehicle configuration and a standard deviation of historical pricing data determined from the set of enhanced historical transaction records corresponding to the selected bin;

    fitting a curve fit to the price data from the set of enhanced historical transaction records corresponding to the selected bin;

    generating HTML to cause a browser at the client computer to display the curve with the relative prices ranges visually represented on the curve;

    sending the HTML to the client computer.

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