Automobile transaction facilitation based on customer selection of a specific automobile

  • US 8,744,925 B2
  • Filed: 07/05/2011
  • Issued: 06/03/2014
  • Est. Priority Date: 07/05/2011
  • Status: Active Grant
First Claim
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1. A method comprising:

  • storing, on a computer readable medium, automobile market data which is representative of recent automobile market characteristics, including at least pricing data and inventory data, wherein the automobile market data includes information received from at least one manufacturer, a plurality of dealers, and a plurality of consumers, wherein at least a portion of the automobile market data is updated in real-time;

    receiving, via a consumer interface, a first request for a response regarding a first automobile, wherein the first request is made by a consumer using a mobile device which takes a picture of a vehicle identification number and the vehicle identification number is recognized using optical character recognition;

    causing at least one processing device to;

    provide first automobile market data, based on the first request, via a dealer interface, wherein the first automobile market data is based on real-time automobile market data and actual sales data for comparable automobiles within a predetermined time period and within a predetermined geographic area;

    request, via a dealer interface from at least two dealers, a bid to sell the first automobile based on the first request, wherein the at least two dealers engage in inventoryless bidding by providing a bid on the first automobile when the first automobile is at least one of yet to be manufactured and in the inventory of another entity;

    provide the response including at least two bids via the consumer interface, the at least two bids each including at least a price and a delivery option for the first automobile, the at least two bids based on the first automobile market data; and

    receiving a consumer selection of a first bid including a first delivery option which specifies a first pickup location at a first dealer and a second delivery option which specifies a different second pickup location, wherein the consumer selection indicates a consumer intention to purchase the first automobile based on the first bid and specifies one of the first delivery option and the second delivery option, wherein the first bid is an inventoryless bid requiring the first automobile to be at least one of manufactured and transferred from the inventory of another entity to the first dealer.

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