SYSTEM AND METHOD TO COMPUTE VEHICLE HEALTH INDEX FROM AGGREGATE DATA
First Claim
1. A method for determining the state of health of a vehicle or group of vehicles, said method comprising:
- collecting data concerning the vehicle or group of vehicles;
using the collected data to determine a percent degradation of components and sub-systems on the vehicle or group of vehicles;
accumulating the percent degradation of the components and sub-systems on the vehicle or group of vehicles to provide an accumulated percent degradation;
computing a factored miles value based on the accumulative percent degradation for the vehicle or group of vehicles; and
using the factored miles value to determine the state of health of the vehicle or group of vehicles.
12 Assignments
0 Petitions
Accused Products
Abstract
A system and method for determining the state of health of a vehicle based on a determination of factored miles. The method includes collecting data from a group of vehicle of a common model type as aggregate data and data from a particular vehicle as individual data. The aggregate data and the individual data are used to determine a percent degradation of sub-systems and components on the vehicle, and an overall percent degradation is determined by accumulating the percent degradation for the sub-systems and components. The accumulated percent degradation is then used to determine a factored miles value that is an indication of the state of health of the vehicle based on vehicle driving conditions and other considerations. The factored miles can then be used by various business models to determine the value of a vehicle.
26 Citations
20 Claims
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1. A method for determining the state of health of a vehicle or group of vehicles, said method comprising:
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collecting data concerning the vehicle or group of vehicles; using the collected data to determine a percent degradation of components and sub-systems on the vehicle or group of vehicles; accumulating the percent degradation of the components and sub-systems on the vehicle or group of vehicles to provide an accumulated percent degradation; computing a factored miles value based on the accumulative percent degradation for the vehicle or group of vehicles; and using the factored miles value to determine the state of health of the vehicle or group of vehicles. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for determining a factored miles value of a vehicle that identifies vehicle value based on factors other than actual miles driven and months in service, said method comprising:
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collecting data concerning the vehicle or a group of vehicles; using the collected data to determine an accumulated percent degradation of the vehicle or group of vehicles; computing the factored miles value based on the accumulated percent degradation; and using the factored miles value to determine the vehicle value. - View Dependent Claims (12, 13, 14, 15)
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16. A method for determining the state of health of a vehicle or group of vehicles, said method comprising:
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collecting aggregate data for vehicles of the same model or vehicle type as the vehicle or group of vehicles; collecting individual data from a particular vehicle; using the collected data to determine a percent degradation of components and sub-systems on the vehicle or group of vehicles where the components and sub-systems include a vehicle engine, vehicle brakes, vehicle HVAC, vehicle transmission and vehicle battery; accumulating the percent degradation of the component and sub-systems on the vehicle or group of vehicles to provide an accumulated percent degradation; computing a factored miles value based on the accumulated percent degradation for the vehicle or group of vehicles; and using the factored miles value to determine the state of health of the vehicle or group of vehicles. - View Dependent Claims (17, 18, 19, 20)
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Specification