SYSTEM AND METHOD FOR PROVIDING A SCORE FOR A USED VEHICLE
First Claim
1. A vehicle scoring system, comprising:
- a computer system having a processor that supports operation of a software application;
a data storage module, accessed on the computer system, including a plurality of vehicle data records obtained from at least one of a title information database, a registration information database, a Department of Motor Vehicle (DMV) records database, an auction records database, and an accident records database;
a filter module, executed on the computer system, comprising;
a first filter for obtaining relevant vehicle-related data from the data storage module'"'"'s plurality of vehicle data records, the vehicle-related data comprising a plurality of factors;
a second filter for comparing the obtained vehicle-related data of a specific vehicle to the obtained vehicle-related data of comparison vehicles and assigning a numerical value to at least one of the factors comprising the relevant vehicle-related data; and
a third filter for weighting and combining the numerical values of the relevant vehicle-related data into a vehicle score for the specific vehicle, wherein weighting is determined by a modeling technique applied to the plurality of data records,wherein combining comprises adding the weighted numerical values; and
an output module for reporting an indication of the vehicle score to a user;
wherein the computer system is capable of accepting, from a user, only a standard vehicle identification number relating to the specific vehicle and communicating the vehicle identification number to the filter module; and
wherein the first filter bases its obtaining of relevant data on the vehicle identification number of the specific vehicle.
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Accused Products
Abstract
One embodiment of the system and method described herein provides a score generator system that generates an automated vehicle specific valuation of a used car based on the physical and historical attributes of that vehicle. This score may indicate the likelihood that the vehicle will be on the road in a specific period of time. The score may give an absolute percentage of such likelihood or it may give a value relative to all other used vehicles in a database, all other used vehicles of the same make/model/year, or a certain subset of the vehicles in a database. In one embodiment, the score generator system includes a data link module for linking vehicle data and filter module for applying a multi-level filters that process the linked vehicle data.
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Citations
1 Claim
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1. A vehicle scoring system, comprising:
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a computer system having a processor that supports operation of a software application; a data storage module, accessed on the computer system, including a plurality of vehicle data records obtained from at least one of a title information database, a registration information database, a Department of Motor Vehicle (DMV) records database, an auction records database, and an accident records database; a filter module, executed on the computer system, comprising; a first filter for obtaining relevant vehicle-related data from the data storage module'"'"'s plurality of vehicle data records, the vehicle-related data comprising a plurality of factors; a second filter for comparing the obtained vehicle-related data of a specific vehicle to the obtained vehicle-related data of comparison vehicles and assigning a numerical value to at least one of the factors comprising the relevant vehicle-related data; and a third filter for weighting and combining the numerical values of the relevant vehicle-related data into a vehicle score for the specific vehicle, wherein weighting is determined by a modeling technique applied to the plurality of data records, wherein combining comprises adding the weighted numerical values; and an output module for reporting an indication of the vehicle score to a user; wherein the computer system is capable of accepting, from a user, only a standard vehicle identification number relating to the specific vehicle and communicating the vehicle identification number to the filter module; and wherein the first filter bases its obtaining of relevant data on the vehicle identification number of the specific vehicle.
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Specification