Data Distribution Method and System
First Claim
1. A method of ranking potential buyers within a network of competitive dealers, the method comprising:
- (a) obtaining sales history data for each of the buyers in the network corresponding to vehicles comparable to a vehicle for sale, the sales history data including a plurality of sales indicators corresponding to sales made by the respective buyers;
(b) assigning a score to each of the sales indicators for each potential buyer based on the sales history; and
(c) generating a smart score for each potential buyer by aggregating the assigned scores for the sales indicators, wherein the smart score indicates the likelihood that each buyer will make a bid for the vehicle for sale.
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Accused Products
Abstract
A method for distributing data among automotive dealers, including selecting the data from the dealers, processing the data, and providing the processed data to the dealers while maintaining confidentiality of individual data of each dealer. The selecting of the data further includes collecting data indicating which vehicles are in demand. The data includes at least one of a number of a vehicle'"'"'s make a dealer has in stock, a vehicle identification number, a vehicle'"'"'s year, a vehicle'"'"'s make, a vehicle'"'"'s model, a vehicle'"'"'s body style, a vehicle'"'"'s exterior color, a vehicle'"'"'s interior color, a vehicle'"'"'s mileage, a vehicle'"'"'s retail asking price, a vehicle'"'"'s transactions cost, a vehicle'"'"'s reconditioning cost, a vehicle'"'"'s age, a vehicle'"'"'s selling price, a vehicle'"'"'s gross profit, an acquisition need of a vehicle, a selling need of a vehicle, a vehicle'"'"'s image, a vehicle'"'"'s turnover rate, or an aggregate of any of the above-listed data. The distributed data may provide optimization on return on investments to the dealers.
32 Citations
20 Claims
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1. A method of ranking potential buyers within a network of competitive dealers, the method comprising:
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(a) obtaining sales history data for each of the buyers in the network corresponding to vehicles comparable to a vehicle for sale, the sales history data including a plurality of sales indicators corresponding to sales made by the respective buyers; (b) assigning a score to each of the sales indicators for each potential buyer based on the sales history; and (c) generating a smart score for each potential buyer by aggregating the assigned scores for the sales indicators, wherein the smart score indicates the likelihood that each buyer will make a bid for the vehicle for sale. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method of making a recommendation to a dealer within a network of competitive dealers, the method comprising:
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(a) monitoring the current inventories of the dealer and a plurality of other dealers in the network; (b) obtaining a sales history of the dealer; (c) obtaining the dealer'"'"'s desired target day supply; and (d) recommending an inventory adjustment to the dealer based on the current inventory of the dealer and other dealers to achieve the dealer'"'"'s desired target day supply. - View Dependent Claims (17, 18, 19, 20)
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Specification