Systems and Methods for Electronic Summary and Detail Performance Data of Equipment Sellers

• US 20110106643A1
• Filed: 09/28/2010
• Published: 05/05/2011
• Est. Priority Date: 09/28/2009
• Status: Abandoned Application

• Current Assignee: OPENLANE, Inc.
• Original Assignee: OPENLANE, Inc.
• Inventors: BERKOWITZ, Ed
• Application Number:
  US12/892,590
• Publication Number:
  US 20110106643A1
• Time in Patent Office: Days
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

An auction server hosts an auction system on a network. An auction interface is provided for accessing the auction system. A buyer interface of the auction interface presents to buyers data of vehicles available for purchase. A seller interface presents to sellers data of vehicles available for purchase via the auction system. A first seller performance panel of the buyer interface includes first seller data of a seller corresponding to vehicles presented for purchase on the buyer interface. First seller data comprises performance data, successful sales data, adjusted sales data, and unwound sales data. A second seller performance panel of the seller interface includes second seller data of the seller. The second seller data comprises performance data of the seller for auction activities conducted by the seller. The second seller performance panel includes a management interface by which the seller manages components of the auction system.

Claims

1. A method running under a processor, the method comprising:

providing an auction interface that is an interface to an auction system that is an internet-based auction system;

providing a buyer interface as a component of the auction interface, wherein the buyer interface presents to a plurality of buyers data of vehicles available for purchase via the auction system;

providing a seller interface as a component of the auction interface, wherein the seller interface presents to a plurality of sellers data of vehicles that each seller makes available for purchase via the auction system;

providing a first seller performance panel as a component of the buyer interface, wherein the first seller performance panel includes first seller data of a seller that corresponds to each vehicle presented for purchase on the buyer interface, wherein the first seller data comprises performance data, successful sales data, adjusted sales data, and unwound sales data; and

providing a second seller performance panel as a component of the seller interface, wherein the second seller performance panel includes second seller data of the seller, wherein the second seller data comprises performance data of the seller for all auction activities conducted by the seller on the auction system, and a management interface by which the seller manages at least one component of the auction system.

2. The method of claim 1, wherein the performance data of the first seller data comprises a time-to-title.

3. The method of claim 2, wherein the time-to-title comprises an average number of days between a vehicle sale data and receipt of a transferable title.

4. The method of claim 2, wherein the time-to-title includes a rating generated under one of a first rating category and a second rating category.

5. The method of claim 4, wherein the first rating category represents a first set of vehicles that are non-title absent, non-balloon vehicles, wherein the second rating category represents a second set of vehicles that are title absent, balloon vehicles.

6. The method of claim 2, wherein the performance data of the first seller data comprises a number of sales and a success rate.

7. The method of claim 6, wherein the success rate is generated using a first quantity divided by a number of total sales, wherein the first quantity is generated by subtracting unwound sales that are fault of the seller from the total sales.

8. The method of claim 1, wherein the adjusted sales data comprises an arbitration reason.

9. The method of claim 1, wherein the second seller data comprises vehicles listed for sale according to vehicle identification number.

10. The method of claim 9, wherein the vehicles listed for sale includes in rating data, month in which vehicle was at auction, sale date, sale price, last open price, title received date, funded date, funded amount, title data, arbitration reason, voided sale indicator, concession indicator, number of bids placed, number of unique viewers of vehicle, and number of days vehicle at auction.

11. The method of claim 1, wherein the second seller data comprises all vehicles sold via the auction system listed by vehicle identification number.

12. The method of claim 1, wherein the second seller data comprises seller sales rate, wherein the sales rate represents a number of vehicles sold via the auction system divided by a number of unique vehicles made available for sale via the auction system.

13. The method of claim 1, wherein the second seller data comprises a time-to-title that includes an average number of days between a vehicle sale data and receipt of a transferable title.

14. The method of claim 13, wherein the time-to-title includes a rating generated under one of a first rating category and a second rating category, wherein the first rating category represents a first set of vehicles that are non-title absent, non-balloon vehicles, wherein the second rating category represents a second set of vehicles that are title absent, balloon vehicles.

15. The method of claim 1, wherein the second seller data comprises vehicles for which titles remain to be received, wherein a vehicle for which a title remains to be received include a vehicle for which a title remains to be received and a vehicle having a title that is non-transferable.

16. The method of claim 1, wherein the second seller data comprises a success rate generated using a first quantity divided by a number of total sales, wherein the first quantity is generated by subtracting unwound sales that are fault of the seller from the total sales.

17. The method of claim 1, wherein the second seller data comprises a concession rate that is calculated as a number of vehicles for which financial remuneration was offered to a buyer as a result of a problem attributed to the seller, divided by total sales.

18. The method of claim 1, wherein the concession rate excludes voided sales and unwound sales.

19. The method of claim 1, wherein the second seller data comprises accounts receivable data, wherein the accounts receivable data includes an invoice corresponding to an amount due a host of the auction system.

20. The method of claim 1, wherein the at least one component of the auction system managed using the management interface comprises live listings, sales, pending listings, unsold vehicles, and review of bids.

21. The method of claim 1, comprising a first grid presented via the first seller performance panel, wherein the first grid presents sellers according to title rate and void rate.

22. The method of claim 1, comprising a second grid presented via the first seller performance panel, wherein the second grid presents a distribution of sellers according to seller rating score.

23. The method of claim 22, comprising generating the seller rating score by summing individual scores for the seller for each of sales rate, average time to transferable title, success rate, concession rate, and outstanding accounts receivable.

24. The method of claim 1, comprising, using the seller rating score, generating a fee structure by which fees associated with sales activities through the auction system are determined for a seller.

25. The method of claim 24, wherein the fees associated with sales activities through the auction system decrease with an increase in the seller rating score of the seller.

26. A system comprising:

an auction server coupled to a network and hosting an auction system on the network;

an auction interface for accessing the auction system;

a buyer interface that is a component of the auction interface, wherein the buyer interface presents to a plurality of buyers data of vehicles available for purchase via the auction system;

a seller interface that is a component of the auction interface, wherein the seller interface presents to a plurality of sellers data of vehicles that each seller makes available for purchase via the auction system;

a first seller performance panel of the buyer interface, wherein the first seller performance panel includes first seller data of a seller that corresponds to each vehicle presented for purchase on the buyer interface, wherein the first seller data comprises performance data, successful sales data, adjusted sales data, and unwound sales data; and

a second seller performance panel of the seller interface, wherein the second seller performance panel includes second seller data of the seller, wherein the second seller data comprises performance data of the seller for all auction activities conducted by the seller on the auction system, and a management interface by which the seller manages at least one component of the auction system.

27. The system of claim 26, wherein the performance data of the first seller data comprises a time-to-title.

28. The system of claim 27, wherein the time-to-title comprises an average number of days between a vehicle sale data and receipt of a transferable title.

29. The system of claim 27, wherein the time-to-title includes a rating generated under one of a first rating category and a second rating category.

30. The system of claim 29, wherein the first rating category represents a first set of vehicles that are non-title absent, non-balloon vehicles, wherein the second rating category represents a second set of vehicles that are title absent, balloon vehicles.

31. The system of claim 27, wherein the performance data of the first seller data comprises a number of sales and a success rate.

32. The system of claim 31, wherein the success rate is generated using a first quantity divided by a number of total sales, wherein the first quantity is generated by subtracting unwound sales that are fault of the seller from the total sales.

33. The system of claim 26, wherein the adjusted sales data comprises an arbitration reason.

34. The system of claim 26, wherein the second seller data comprises vehicles listed for sale according to vehicle identification number.

35. The system of claim 34, wherein the vehicles listed for sale includes in rating data, month in which vehicle was at auction, sale date, sale price, last open price, title received date, funded date, funded amount, title data, arbitration reason, voided sale indicator, concession indicator, number of bids placed, number of unique viewers of vehicle, and number of days vehicle at auction.

36. The system of claim 26, wherein the second seller data comprises all vehicles sold via the auction system listed by vehicle identification number.

37. The system of claim 26, wherein the second seller data comprises seller sales rate, wherein the sales rate represents a number of vehicles sold via the auction system divided by a number of unique vehicles made available for sale via the auction system.

38. The system of claim 26, wherein the second seller data comprises a time-to-title that includes an average number of days between a vehicle sale data and receipt of a transferable title.

39. The system of claim 38, wherein the time-to-title includes a rating generated under one of a first rating category and a second rating category, wherein the first rating category represents a first set of vehicles that are non-title absent, non-balloon vehicles, wherein the second rating category represents a second set of vehicles that are title absent, balloon vehicles.

40. The system of claim 26, wherein the second seller data comprises vehicles for which titles remain to be received, wherein a vehicle for which a title remains to be received include a vehicle for which a title remains to be received and a vehicle having a title that is non-transferable.

41. The system of claim 26, wherein the second seller data comprises a success rate generated using a first quantity divided by a number of total sales, wherein the first quantity is generated by subtracting unwound sales that are fault of the seller from the total sales.

42. The system of claim 26, wherein the second seller data comprises a concession rate that is calculated as a number of vehicles for which financial remuneration was offered to a buyer as a result of a problem attributed to the seller, divided by total sales.

43. The system of claim 26, wherein the concession rate excludes voided sales and unwound sales.

44. The system of claim 26, wherein the second seller data comprises accounts receivable data, wherein the accounts receivable data includes an invoice corresponding to an amount due a host of the auction system.

45. The system of claim 26, wherein the at least one component of the auction system managed using the management interface comprises live listings, sales, pending listings, unsold vehicles, and review of bids.

46. The system of claim 26, comprising a first grid presented via the first seller performance panel, wherein the first grid presents sellers according to title rate and void rate.

47. The system of claim 26, comprising a second grid presented via the first seller performance panel, wherein the second grid presents a distribution of sellers according to seller rating score.

48. The system of claim 47, wherein the seller rating score is generated by summing individual scores for the seller for each of sales rate, average time to transferable title, success rate, concession rate, and outstanding accounts receivable.

49. The system of claim 26, wherein a fee structure is generated, using the seller rating score, by which fees associated with sales activities through the auction system are determined for a seller.

50. The system of claim 49, wherein the fees associated with sales activities through the auction system decrease with an increase in the seller rating score of the seller.