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US 9,754,304 B2Granted
System and method for aggregation, analysis, presentation and monetization of pricing data for vehicles and other commodities
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.
Claims26
A system, comprising:
- a vehicle data system coupled to one or more computing devices over a network, the vehicle data system comprising:
- a data gathering module configured to operate in a back-end process to:
- retrieve historical transaction data obtained from a set of data sources coupled to the vehicle data system over the network, wherein the historical transaction data is collected simultaneously from each of the set of data sources and comprises data on vehicle transactions;
- a processing module to:
- determine a plurality of sets of historical transaction data, where each of the plurality of sets of historical transaction data is associated with a vehicle configuration, and
- determine pricing data corresponding to a 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 a set of transaction price based data and one or more quantifiable prices determined based on the set of historical transaction data associated with the specified vehicle configuration;
- and
- an interface module to:
- receive the specified vehicle configuration from a user at a computing device in a request received over one of a plurality of channels, and
- respond to the request in real-time by generating an interface based on the pricing data determined by the data gathering module in the back-end process, wherein the interface presents the one or more quantifiable prices in association with the transaction price based data through one or more of the plurality of channels.
7 more elements
A method, comprising:
- in a back-end process on a vehicle data system:
- retrieving historical transaction data obtained from a set of data sources coupled to the vehicle data system over a network, wherein the historical transaction data is collected simultaneously from each of the set of data sources and comprises data on vehicle transactions;
- determining, at the vehicle data system, a plurality of sets of historical transaction data, where each of the plurality of sets of historical transaction data is associated with a vehicle configuration;
- receiving, at the vehicle data system, a specified vehicle configuration from a user at a computing device coupled to the vehicle data system in a request received over one of a plurality of channels;
- determining, at the vehicle data system, 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 a set of transaction price based data and one or more quantifiable prices determined based on the set of historical transaction data associated with the specified vehicle;
- and
- in a front end process:
- respond to the request in real-time by generating, at the vehicle data system, an interface based on the pricing data determined in the back-end process, wherein the interface presents the one or more quantifiable prices in association with the transaction price based data through one or more of the plurality of channels.
5 more elements
Dependencies are inferred from the claim text.