Wholesale/trade-in pricing system, method and computer program product therefor

A method for determining pricing information, the method comprising:

• collecting, by a server computer having a processor and a memory, historical sales information from one or more data sources communicatively connected to the server computer;
• storing, by the server computer, the collected historical sales information on a data storage device;
• determining, by the server computer, a retail price for a target vehicle based on the collected historical sales information;
• collecting, by the server computer, condition information from a user input device communicatively connected to the server computer, wherein the condition information indicates conditions associated with the target vehicle;
• determining, by the server computer, one or more price modifications based on the conditions associated with the target vehicle;
• determining, by the server computer, a wholesale price of the target vehicle based on the collected historical sales information and condition information;
• outputting, by the server computer, the wholesale price to a user via an output device.

A computer program product comprising at least one non-transitory computer-readable storage medium storing computer instructions that are translatable by a server computer to perform:

• collecting historical sales information from one or more data sources communicatively connected to the server computer;
• storing the collected historical sales information on a data storage device;
• determining a retail price for a target vehicle based on the collected historical sales information;
• collecting condition information from a user input device, wherein the condition information indicates conditions associated with the target vehicle;
• determining one or more price modifications based on the conditions associated with the target vehicle;
• determining a wholesale price of the target vehicle based on the collected historical sales information and condition information;
• and
• outputting the wholesale price to a user via an output device.