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US 11,151,645 B2Granted
Generating customer-specific vehicle proposals for potential vehicle customers
AssigneeAutoAlert, LLC
InventorJeffrey S. Cotton
Life of this patent
Estimating the term…
Abstract
Methods, systems and computer program products for generating customer-specific vehicle proposals that may be based on ongoing vehicle finance payment information and/or information received from a third party entity. Embodiments of inventions herein disclosed provide for efficient identification of potential customers based on their current vehicle and/or ongoing financial obligations related to the current vehicle. A replacement vehicle is identified and a vehicle proposal, such as a sales or lease proposal, is generated for one or more of the identified potential customers.
Claims21
A computing system comprising:
- a network interface coupled to a data network, the network interface configured to repeatedly receive packet flows from an application interface;
- a computer processor;
- one or more non-transitory computer readable storage mediums;
- instructions configured to be executed by the computer processor, the program instructions, when executed by the computer processor, configured to:
- receive, via the network interface, a plurality of available-vehicle identifiers corresponding to a plurality of dealership vehicles;
- receive, via the network interface, a plurality of vehicle attributes corresponding to the plurality of dealership vehicles and to currently-owned vehicles;
- identify from among the available-vehicle identifiers a replacement-vehicle identifier having a vehicle attribute that matches a corresponding vehicle attribute of an owned-vehicle identifier corresponding to a currently-owned vehicle;
- determine, based on the plurality of vehicle attributes corresponding to the plurality of currently-owned vehicles, a current trade-in value associated with the currently-owned vehicle;
- based at least in part on the determined current trade-in value and a monthly transaction amount associated with the currently-owned vehicle, determine that a threshold condition is satisfied;
- determine, based on the determination that the threshold condition is satisfied, a new monthly transaction amount;
- automatically transmit an electronic alert comprising:
- the owned-vehicle identifier,
- the monthly transaction amount and the trade-in value associated with the currently-owned vehicle, and
- the replacement-vehicle identifier, and
- a new monthly transaction amount that satisfies on the threshold condition;
- and
- generate a visual interface comprising the electronic alert and including at least one deal sheet view that arranges all of the following into a simultaneously-viewable screen for display to a user:
- the owned-vehicle identifier, including a vehicle year and vehicle identification number (VIN), and contact information of a specific vehicle owner that qualifies as deal prospect under the threshold condition;
- the owned-vehicle identifier for that vehicle owner, including the vehicle's year and vehicle identification number;
- existing term associated with the currently-owned vehicle, the existing term comprising monthly payments on the existing vehicle;
- the replacement-vehicle identifier, including a model and year;
- and
- the prospective term comprising monthly payments on the replacement vehicle.
20 more elements
An analysis system for automobiles comprising:
- a database of records of vehicle transactions, the records including, for each vehicle transaction:
- a vehicle recipient of a vehicle in the vehicle transaction and that vehicle recipient's identifying information;
- a vehicle identification number of the vehicle;
- an estimated trade value of the vehicle;
- and
- an estimated payoff amount of the vehicle;
- a non-transitory computer processor;
- computer-readable instructions, the instructions, when executed by the computer processor, configured to:
- automatically determine for each of the past vehicle recipients a suggested vehicle;
- determine a net trade-in equity, wherein the trade-in equity may be either negative equity or positive equity;
- determining the differences to determine if at least one of them meets a criterion to identify the customer for outreach because a new favorable deal proposal has been identified to get that customer into an upgraded vehicle comprising at least one of the new suggested vehicles;
- the computer system being configured to adjust at least one changed financing data parameter for suggested new vehicles;
- and
- iteratively analyzing whether the at least one changed financing parameter increases the number of customers who can favorably get into an upgraded new suggested vehicle;
- the computer system thereby identifying new revenue opportunities from the past customers that are candidates for new vehicle transactions, even when those candidates are not shopping for a new vehicle, and, for each candidate, identifying at least one specific and available new favorable deal proposal relating to a specific new suggested vehicle;
- and
- a visual alert system for notifying dealership personnel of the new revenue opportunities automatically identified by the computer system by collecting and, for each specific and available proposal, displaying specific proposed transaction details to an automobile marketer to assist in marketing outreach to the candidates;
- the visual alert system configured to allow a user to select what is displayed and control the system to instantaneously switch between views;
- the visual alert system including at least one deal sheet view that arranges all of the following into a simultaneously-viewable screen for display to a user to facilitate outreach regarding the specific new suggested vehicle to each candidate customer:
- the candidate customer's contact information;
- the candidate customer's previously sold vehicle, its year, and its vehicle identification number;
- the candidate customer's current payment;
- the estimated trade value of the previously sold vehicle, the estimated payoff amount of the previously sold vehicle, and the net trade-in equity;
- the new specific suggested vehicle and its year;
- and
- multiple options for the new proposed payment under the different loan durations, arranged side by side;
- each new proposed payment juxtaposed with the difference between it and the customers current payment.
24 more elements
Dependencies are inferred from the claim text.