COMPUTER NETWORK-IMPLEMENTED SYSTEM AND METHOD FOR VEHICLE TRANSACTIONS
First Claim
1. A system for vehicle transactions between a customer and a plurality of dealers, comprising:
- a server connected to a communications network and having access to a vehicle specifications database, the server hosting a website that is accessible by a network-connected user device of the customer and network-connected user devices of the plurality of dealers, the website providing for a reverse auction, wherein the system receives a request from the customer via the website for a bid for a specified vehicle;
communicates the bid request to each of the plurality of dealers;
receives bids from the plurality of dealers;
communicates all of the dealer bids to the customer and to each of the plurality of dealers;
receives revised bids from the plurality of dealers; and
receives from the customer a selection of one of the bids or revised bids from one of the plurality of dealers.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method for performing vehicle transactions via a reverse auction website includes a server for receiving a customer request for bids on a specified vehicle. The server is communicatively coupled to a plurality of customer user devices and a plurality of dealer user devices. The server transmits the customer request to a plurality of dealers who then provide bids for the specified vehicle. The system publishes the bids to the customer and to all bidding dealers so that the dealers have the opportunity to view other dealers'"'"' bids and, based on this, revise their bids accordingly. When the reverse auction ends, the customer can select one of the dealer'"'"'s bids.
98 Citations
28 Claims
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1. A system for vehicle transactions between a customer and a plurality of dealers, comprising:
a server connected to a communications network and having access to a vehicle specifications database, the server hosting a website that is accessible by a network-connected user device of the customer and network-connected user devices of the plurality of dealers, the website providing for a reverse auction, wherein the system receives a request from the customer via the website for a bid for a specified vehicle;
communicates the bid request to each of the plurality of dealers;
receives bids from the plurality of dealers;
communicates all of the dealer bids to the customer and to each of the plurality of dealers;
receives revised bids from the plurality of dealers; and
receives from the customer a selection of one of the bids or revised bids from one of the plurality of dealers.- View Dependent Claims (2, 3, 4, 5, 6)
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7. A method of transacting vehicles between a customer and a plurality of dealers, comprising:
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receiving a request from the customer for a bid for a specified vehicle; communicating the bid request to each of the plurality of dealers; receiving bids from the plurality of dealers; communicating all of the dealer bids to the customer and to each of the plurality of dealers; receiving revised bids from the plurality of dealers; and receiving from the customer a selection of one of the bids or revised bids from one of plurality of dealers. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 25)
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19. A method of conducting a reverse auction for a purchaser of a motorized vehicle, comprising:
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electronically requesting bids from a plurality of bidders for a desired vehicle; electronically receiving bids from the plurality of bidders; and electronically publishing all received bids to all bidders via a website. - View Dependent Claims (20, 21, 22, 23, 24)
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26. A computer-readable medium storing instructions that, when executed on a programmed processor, carry out a method for a reverse auction for a vehicle, comprising:
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instructions for processing a request for bids for a specified; instructions for soliciting bids from a plurality of bidders for the specified vehicle; instructions for receiving bids from the plurality of bidders; instructions for receiving revised bids from the plurality of bidders; and instructions for publishing all received bids to all bidders via a website. - View Dependent Claims (27, 28)
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Specification