VEHICLE VALUE ANALYSIS

• US 20110264595A1
• Filed: 04/07/2011
• Published: 10/27/2011
• Est. Priority Date: 04/08/2010
• Status: Abandoned Application

• Current Assignee: PureCars Automotive, LLC
• Original Assignee: PureCars Automotive, LLC
• Inventors: Veltri, Frank Adam, Anspach, Jeremy
• Application Number:
  US13/082,270
• Publication Number:
  US 20110264595A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/0629 for generating comparisons

Abstract

A method of analyzing a value of a vehicle, the method comprising: (a) receiving a request for information concerning a particular vehicle for sale; (b) receiving vehicle data concerning the particular vehicle and a plurality similar vehicles for sale from at least one source; (c) comparing the vehicle data to identify a subset comprising a plurality of comparable vehicles that are comparable to the particular vehicle and that are for sale; (d) comparing the vehicle data of the particular vehicle to the vehicle data of at least one of the plurality of comparable vehicles to asses a relative value of the particular vehicle; and, (e) generating a report that conveys the relative value of the particular vehicle.

Claims

1. A method of analyzing a value of a vehicle, the method comprising:

receiving a request for information concerning a particular vehicle for sale;

receiving vehicle data concerning the particular vehicle and a plurality similar vehicles for sale from at least one source;

comparing the vehicle data to identify a subset comprising a plurality of comparable vehicles that arc comparable to the particular vehicle and that are for sale;

comparing the vehicle data of the particular vehicle to the vehicle data of at least one of the plurality of comparable vehicles to asses a relative value of the particular vehicle; and

,

generating a report that conveys the relative value of the particular vehicle.

2. The method of claim 1, wherein receiving vehicle data from at least one source further comprises formatting the vehicle data based utilizing a standardized rule set.

3. The method of claim 1, wherein the vehicle data comprises at least three of a make, a model, a year, a body style, a trim, an interior color, an exterior color, a mileage, a certified status, a used status, a new status, a transmission type, an engine, a fuel economy rating, a warranty, a vehicle identification number, a stock identifier, a dealer, a location, and a price.

4. The method of claim 1, wherein the vehicle data comprises at least one of a number of accidents reported, a number of previous owners, and an identification of previous owners.

5. The method of claim 1, wherein the request for information comprises at least one of a year, a make, a model, a mileage, a location, and a zip code.

6. The method of claim 1,

wherein generating the report further comprises generating a compilation video by operably coupling at least two video snippets, each video snippet being associated with a specific one of the vehicle data associated with the particular vehicle;

and,

wherein generating the report further comprises at least one of linking and attaching the compilation video to the report.

7. The method of claim 1, wherein the predetermined geographical region comprises a specific mile range.

8. A method of analyzing a value of a vehicle, the method comprising:

compiling a comparative data set attributable to a group of vehicles for sale by selecting vehicles having at least one attribute in common with a target vehicle;

analyzing an advertised price of at least one vehicle of the group of vehicles with respect to an advertised price of the target vehicle; and

,

generating a report qualitatively assessing a relative value of the target vehicle with respect to the at least one vehicle of the group of vehicles.

9. The method of claim 8, wherein:

the act of compiling the comparative data set includes compiling individual data sets for each of the group of vehicles;

the comparative data set comprises the individual data sets; and

,

the attribute includes at lest one of a make, a model, a year, a body style, a trim, an interior color, an exterior color, a mileage, a certified status, a used status, a new status, a transmission type, an engine, a fuel economy rating, a warranty, a vehicle identification number, a stock identifier, a dealer, a location, and a price.

10. The method of claim 9, further comprising the act of calculating a difference in at least one of mileage and advertised price of the at least one vehicle of the group of vehicles and the target vehicle, wherein the act of generating the report includes quantitatively assessing the difference in at least one of mileage and advertised price of the at least one vehicle of the group of vehicles and the target vehicle.

11. The method of claim 9, wherein the act of generating the report qualitatively assessing the relative value of the target vehicle with respect to the at least one vehicle of the group of vehicles includes displaying at least one standardized value indicator.

12. The method of claim 8, further comprising:

compiling a comparative data set attributable to a group of sold vehicles by selecting vehicles having at least one attribute in common with the target vehicle; and

analyzing a sale price of at least one vehicle of the group of sold vehicles with respect to the advertised price of the target vehicle;

wherein generating the report includes qualitatively assessing the relative value of the target vehicle with respect to the at least one vehicle of the group of sold vehicles.

13. A method of analyzing a value of a vehicle, the method comprising:

compiling a comparative data set attributable to a group of vehicles for sale by selecting vehicles having at least one attribute in common with a target vehicle;

analyzing an advertised price of at least one vehicle of the group of vehicles with respect to an advertised price of the target vehicle; and

,

generating a report graphically depicting a quantitative comparison between the advertised price of the target vehicle and an average advertised price of the at least one vehicle of the group of vehicles.

14. The method of claim 13, wherein:

the act of compiling the comparative data set includes compiling individual data sets for each of the group of vehicles;

the comparative data set comprises the individual data sets; and

,

the attribute includes at least one of a make, a model, a year, a body style, a trim, an interior color, an exterior color, a mileage, a certified status, a used status, a new status, a transmission type, an engine, a fuel economy rating, a warranty, a vehicle identification number, a stock identifier, a dealer, a location, and a price.

15. The method of claim 14, further comprising the act of calculating a difference in at least one of mileage and advertised price of the at least one vehicle of the group of vehicles and the target vehicle, wherein the act of generating the report includes quantitatively assessing the difference in at least one of mileage and advertised price of the at least one vehicle of the group of vehicles and the target vehicle.

16. The method of claim 14, wherein the act of generating the report includes qualitatively assessing a relative value of the target vehicle with respect to the at least one vehicle of the group of vehicles using standardized value indicators taken from the group of advertised price, mileage, age, and location.

17. The method of claim 13, further comprising:

compiling a comparative data set attributable to a group of sold vehicles by selecting vehicles having at. least one attribute in common with the target vehicle; and

,

analyzing the sale price of at least one vehicle of the group of sold vehicles with respect to the advertised price of the target vehicle;

wherein generating the report includes quantitatively assessing the relative value of the target vehicle with respect to the at least one vehicle of the group of sold vehicles.

18. A method of generating a vehicle value report, the method comprising:

receiving a request for information related to a particular vehicle;

generating a graphical representation using vehicle data attributable to the particular vehicle, the graphical representation depicting at least part of a price spectrum that includes an advertised price of the particular vehicle and a comparable vehicle price; and

,

generating a report using the vehicle data attributable to the particular vehicle, the report including the graphical representation and at least a portion of the vehicle data.

19. The method of claim 18, further comprising:

associating a compilation video with the report, the compilation video comprising at least two video snippets, each video snippet being associated with a specific one of the vehicle data attributable to the vehicle.

20. The method of claim 18, wherein the comparable vehicle price includes at least one of an individual advertised price of a comparable vehicle and an average of advertised prices of a group of comparable vehicles.

21. The method of claim 18, further comprising:

compiling a comparative data set attributable to a group of vehicles offered for sale by selecting vehicles having at least one attribute in common with a target vehicle; and

,

analyzing an advertised price of at least one vehicle of the group of vehicles for sale with respect to the advertised price of the target vehicle;

wherein generating the report includes quantitatively assessing the relative value of the target vehicle with respect to the at least one vehicle of the group of vehicles offered for sale. 22, The method of claim 21, further comprising;

compiling a comparative data set attributable to a group of sold vehicles by selecting vehicles having at least one attribute in common with a target vehicle; and

,

analyzing a sale price of at least one vehicle of the group of sold vehicles with respect to the advertised price of the target vehicle;

wherein generating the report includes quantitatively assessing the relative value of the target vehicle with respect to the at least one vehicle of the group of sold vehicles.