Truecar, Inc.

Jesse Toprak

Michael D Swinson

Scott Painter

Mikhail Semeniuk

Embodiments disclosed herein can provide consumers with an effective tool for evaluating the negotiability of prices for vehicles in the marketplace. The tool may include a Price Flexibility Score which measures the elasticity of transaction prices by vehicle model. Specifically, a method may dynamically incorporate factors that affect price variance, convert those factors into variables, generate order statistics for each of the variables, apply a weighting factor to the variables to generate a price flexibility score for each make-model, and determine a negotiability index utilizing the price flexibility score. In one embodiment, the process of determining the negotiability index may be fully driven by a price flexibility model that incorporates a plurality of factors.

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Tarzana, CA, United States of America

Jesse Toprak