AUTOMOTIVE MARKET PLACE SYSTEM
First Claim
1. A method for providing a purchase recommendation for a subject vehicle to a purchaser, the method comprising:
- providing a first database of available vehicles;
creating a second database of similar vehicles by identifying vehicles in the first database that are similar to the subject vehicle;
assigning each of a plurality of vehicles in the second database to one of a plurality of comparable vehicle bands;
assigning, by a processor unit, an average offer price to each of the plurality of comparable vehicle bands;
assigning the subject vehicle to one of the plurality of comparable vehicle bands; and
providing the purchase recommendation for the subject vehicle by comparing the offer price of the subject vehicle with the average offer price of the subject vehicle'"'"'s comparable band.
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Accused Products
Abstract
A method for ranking vehicles for sale, the method comprising (1) providing a first database of available vehicles, (2) creating a second database of similar vehicles by identifying vehicles in the first database that are similar to a subject vehicle, and (3) creating a third database of ranked vehicles by determining a vehicle rank score of each of the vehicles in the second database, wherein determining a vehicle rank score of a vehicle comprises (a) calculating a base score of the vehicle, (b) calculating a multiplier of the vehicle, and (c) determining the vehicle rank score of the vehicle by multiplying the base rank by the multiplier.
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Citations
20 Claims
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1. A method for providing a purchase recommendation for a subject vehicle to a purchaser, the method comprising:
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providing a first database of available vehicles; creating a second database of similar vehicles by identifying vehicles in the first database that are similar to the subject vehicle; assigning each of a plurality of vehicles in the second database to one of a plurality of comparable vehicle bands; assigning, by a processor unit, an average offer price to each of the plurality of comparable vehicle bands; assigning the subject vehicle to one of the plurality of comparable vehicle bands; and providing the purchase recommendation for the subject vehicle by comparing the offer price of the subject vehicle with the average offer price of the subject vehicle'"'"'s comparable band. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for ranking vehicles for sale, the method comprising:
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providing a first database of available vehicles; creating a second database of similar vehicles by identifying vehicles in the first database that are similar to a subject vehicle; creating a third database of ranked vehicles by determining a vehicle rank score of each of the vehicles in the second database, wherein determining a vehicle rank score of a vehicle comprises; calculating, by a processor unit, a base score of the vehicle; calculating a multiplier of the vehicle; and determining the vehicle rank score of the vehicle by multiplying the base rank by the multiplier. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A computer readable medium containing executable instructions that when executed perform a method of ranking vehicles for sale, the method comprising:
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providing a first database of available vehicles; creating a second database of similar vehicles by identifying vehicles in the first database that are similar to a subject vehicle; creating a third database of ranked vehicles by determining a vehicle rank score of each of the vehicles in the second database, wherein determining a vehicle rank score of a vehicle comprises; calculating a base score of the vehicle; calculating a multiplier of the vehicle; and determining the vehicle rank score of the vehicle by multiplying the base rank by the multiplier. - View Dependent Claims (18, 19, 20)
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Specification