Estimating vehicle prices using market data
OwnerArun Srinivasan, Girish Kamble +1inventors
InventorsArun Srinivasan, Girish Kamble, Amit Bhartiya
Life of this patent
Estimating the term…
Abstract
Prices may be estimated using a system comprising a data exporter to export auction transaction data from an online auction system; a data processor to filter, condition, aggregate, and/or model the auction transaction data; and a data presenter to present the filtered, conditioned, aggregated, and/or modeled auction transaction data indicating estimated prices based on the auction transaction data. Additional apparatus, systems, and methods are disclosed.
Claims21
A computer-implemented method comprising:
- accessing vehicle auction transaction data from an online vehicle auction system, the vehicle auction transaction data including a first vehicle;
- processing the vehicle auction transaction data to estimate a vehicle price;
- storing the vehicle price in a database;
- and
- presenting the vehicle price.
An online vehicle auction system comprising:
- a storage device configured to store data related to a vehicle auction transaction;
- a control device communicatively coupled to the storage device and configured to:
- access the vehicle auction transaction data from the storage device, the vehicle auction transaction data including an first vehicle;
- process the vehicle auction transaction data to estimate a vehicle price;
- store the vehicle price in the storage device;
- and
- present the vehicle price on a display device.
A computer-implemented method comprising:
- receiving an initial search parameter;
- executing a first search of a vehicle database using the initial search parameter, the first search producing a first search result;
- determining whether the first search result has at least a threshold number of search results;
- when the first search result has at least the threshold number of search results, then presenting the search results;
- and
- when the first search result has less than the threshold number of search results, then:
- automatically determining a variant of the search parameter;
- automatically executing a second search of the vehicle database using the variant of the search parameter, the second search producing a second search result;
- and
- presenting the second search result to a user.
An online vehicle auction system comprising:
- a storage device configured to store data related to vehicle auction transaction;
- a control device communicatively coupled to the storage device and configured to:
- receive an initial search parameter;
- execute a first search of the storage device using the initial search parameter, the first search producing a first search result;
- determine whether the first search result has at least a threshold number of search results;
- when the first search result has at least the threshold number of search results, then present the search results;
- and
- when the first search result has less than the threshold number of search results, then:
- automatically determine a variant of the search parameter;
- automatically execute a second search of the storage device using the variant of the search parameter, the second search producing a second search result;
- and
- present the second search result to a user using a display device.
Dependencies are inferred from the claim text.