Pricing system for identifying prices for vehicles offered by vehicle dealerships and other entities

Abstract

A method includes identifying, for a specified vehicle, a competitive set of other vehicles based on input from a user. The method also includes receiving from the user one or more parameters to be used in pricing the specified vehicle. The method further includes identifying a recommended price for the specified vehicle using the competitive set and the one or more parameters. The one or more parameters could include a selection or definition of multiple pricing formulas to be used to identify the recommended price. Different pricing formulas can be associated with different lengths of time that the specified vehicle is available. A first of the pricing formulas can be used to identify a first recommended price for the specified vehicle and, after a specified amount of time has elapsed, a second of the pricing formulas can be used to identify a lower second recommended price for the specified vehicle.

Dependencies are inferred from the claim text.