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US 2014/0229241 A1Published application
System and method for calculating and displaying price distributions based on analysis of transactions
AssigneeTrueCar, Inc.
InventorsThomas Taira, Scott Painter, Chris Taylor, Robert Taylor, Michael D. Swinson
Life of this patent
Estimating the term…
Abstract
Embodiments of systems and methods for the aggregation, analysis, display and monetization of pricing data for commodities in general, and which may be particularly useful applied to vehicles are disclosed. Specifically, in certain embodiments, historical transaction data associated with a particular vehicle configuration may be obtained and processed to determine pricing data associated with the vehicle configuration. The historical transaction data or determined pricing data may then be presented in an intuitive manner.
Claims1
A system, comprising:
- one or more computing devices;
- and
- a vehicle data system coupled to the one or more computer devices over a network, the vehicle data system comprising:
- a processing module, the processing module configured to:
- receive a specified vehicle configuration;
- obtain a set of historical transaction data associated the specified vehicle configuration, where the set of historical transaction data comprises data on transactions associated with vehicles of the specified vehicle configuration;
- determine pricing data corresponding to the specified vehicle configuration by applying one or more models to the set of historical transaction data associated with the specified vehicle configuration, wherein the pricing data includes an average price, a set of transaction prices and one or more price ranges determined based on the set of historical transaction data associated with the specified vehicle configuration, and the one or more price ranges include a good price range and a great price range determined based on the average price;
- and
- an interface module configured to:
- generate an interface based on the pricing data, wherein the interface is configured to present the set of transaction prices and the good price range and the great price range are presented relative to the set of transaction prices.
7 more elements
Dependencies are inferred from the claim text.