Vehicular data exchange system and method therefor

• US 5,978,776 A
• Filed: 06/30/1997
• Issued: 11/02/1999
• Est. Priority Date: 06/30/1997
• Status: Expired due to Term

• Current Assignee: Vehicle Network Solutions Corporation
• Original Assignee: Inquote.Com, Inc.
• Inventors: Seretti, Harry, Schaukowitch, Carl
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Retta, Yehdega
• Application Number:
  US08/885,175
• Time in Patent Office: 855 Days
• Field of Search: 705/3, 705/4, 705/28, 705/26, 395/200
• US Class Current: 705/27.1
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

The vehicular data exchange system of the present invention includes a plurality of computer terminals and a processor. Each of the computer terminals include an input device for inputting the vehicular data and a display device for visually displaying the inputted vehicular data which include vehicular characteristics data units and vehicular financial data units. The processor controls the vehicular data whereby the vehicular characteristics data units inputted into a first one of the computer terminals are transmitted to a plurality of other ones of the computer terminals for display on respective ones of the display devices associated with the other ones of the computer terminals. The processor also controls the vehicular data whereby vehicular financial data units inputted to at least a responding one of the other ones of the computer terminals in response to the vehicular characteristics data units displayed on the display device of the at least responding one of the other ones of the computer terminals are transmitted to the first one of the computer terminals for display on the display device associated with the first one of the computer terminals. A method of implementing the present invention is also described.

Claims

1. A vehicular data exchange system adapted for use to exchange vehicular data relating to a vehicle, comprising:

a plurality of computer terminals, each of said computer terminals including an input device for inputting the vehicular data that includes vehicular characteristics data units and vehicular financial data units and a display device for visually displaying the vehicular data inputted into said plurality of computer terminals;

a processor for controlling the vehicular data whereby the vehicular characteristics data units inputted into a first one of said computer terminals are transmitted to a plurality of other ones of said computer terminals for display on respective ones of said display devices associated with the other ones of said computer terminals and whereby vehicular financial data units inputted to at least a responding one of the other ones of said computer terminals in response to the vehicular characteristics data units displayed on said display device of said at least responding one of the other ones of said computer terminals are transmitted said first one of the computer terminals for display on the display device associated with the first one of the computer terminals; and

an alarm device operative to alert an operator of the at least responding one of the other ones of the plurality of computer terminals that vehicular characteristics data units are available for display thereon.

2. A vehicular data exchange system according to claim 1, wherein the vehicular characteristics data units include a make, a model and a year of the vehicle.

3. A vehicular data exchange system according to claim 2, wherein the vehicular characteristics data units include a description of the vehicle.

4. A vehicular data exchange system according to claim 3, wherein the description of the vehicle includes at least one of a body type of the vehicle, a color of the vehicle, an amount of mileage displayed on an odometer of the vehicle and a general condition of the vehicle.

5. A vehicular data exchange system according to claim 1, wherein the vehicular financial data units of the vehicle include at least one of a bid price amount, an assessment price amount, a wholesale price amount, and a retail price amount.

6. A vehicular data exchange system according to claim 1, wherein the vehicular financial data units of the vehicle further include information identifying a source of vehicular financial data units transmitted.

12. A vehicular data exchange system according to claim 1, wherein the vehicular financial data units include an identity of a responding vehicle dealership.

13. A vehicular data exchange system according to claim 1, wherein each of said computer terminals is a personal computer.

7. A method of exchanging vehicular data of a vehicle, comprising the steps of:

inputting vehicular characteristics data units of the vehicle into a data inquiring computer terminal;

processing the vehicular characteristics data units by selecting select ones of a plurality of data responsive computer terminals to which the vehicular characteristics data units are to be transmitted and transmitting the vehicular characteristics data units to the plurality of data responsive computer terminals for display thereon;

inputting vehicular financial data units into at least one of the plurality of data responsive computer terminals in response to the vehicular characteristics data received by the responsive computer terminals;

transmitting the vehicular financial data units to said inquiring computer terminal for display on said inquiring computer terminal; and

repeating transmission of said vehicular characteristics data units to said select ones of said plurality of responding computer terminals until said select ones of the data responding computer terminals receive the vehicular characteristics data units.

8. A method according to claim 7, wherein the vehicular characteristics data units include a make, a model and a year of the vehicle.

9. A method according to claim 7, wherein the vehicular characteristics data units include a description of the vehicle.

10. A method according to claim 7, wherein the vehicular financial data units of the vehicle include at least one of a bid price amount, an assessment price amount, a wholesale price amount, and a retail price amount.

11. A method according to claim 10, wherein the vehicular financial data units of the vehicle include identifying information identifying a source of each responsive computer terminal transmitting the vehicular financial data units.

14. A vehicular data exchange system adapted for use to exchange vehicular data relating to a vehicle, comprising:

a plurality of computer terminals, each of said computer terminals including an input device for inputting the vehicular data that includes vehicular characteristics data units and vehicular financial data units and a display device for visually displaying the vehicular data inputted into said plurality of computer terminals;

a processor for controlling the vehicular data whereby the vehicular characteristics data units inputted into a first one of said computer terminals are transmitted to a plurality of other ones of said computer terminals for display on respective ones of said display devices associated with the other ones of said computer terminals and whereby vehicular financial data units inputted to at least a responding one of the other ones of said computer terminals in response to the vehicular characteristics data units displayed on said display device of said at least responding one of the other ones of said computer terminals are transmitted said first one of the computer terminals for display on the display device associated with the first one of the computer terminals;

a discriminator for selecting select ones of said other ones of said plurality of computer terminals to which the vehicular characteristics data units are transmitted; and

a repeater operative in conjunction with said discriminator to repeat transmission of said vehicular characteristics data units to said select ones of said other ones of said plurality of computer terminals until said select ones of the computer terminals receive said vehicular characteristics data units.

15. A vehicular data exchange system according to claim 14 further comprising a first timer operative in conjunction with said repeater whereby, upon expiration of a predetermined expiration time period, said repeater is rendered inoperative.

16. A method for exchanging vehicular data of a vehicle, comprising the steps of:

inputting vehicular characteristics data units of the vehicle into a data inquiring computer terminal;

processing the vehicular characteristics data units by transmitting the vehicular characteristics data units to a plurality of data responsive computer terminals for display thereon;

inputting vehicular financial data units into at least one of the plurality of data responsive computer terminals in response to the vehicular characteristics data received by the responsive computer terminals;

transmitting the vehicular financial data units to said inquiring computer terminal for display on said inquiring computer terminal; and

repeating transmission of said vehicular characteristics data units to said select ones of said plurality of responding computer terminals until expiration of a first predetermined period of time occurs.

17. A method according to claim 16, further comprising the step of stopping the repeating step upon expiration of a second predetermined period of time which is longer than the first predetermined period of time.