Truecar, Inc.

Param Pash Kaur Dhillon

Michael D Swinson

Xingchu Liu

Thomas J Sullivan

Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.

System, method and computer program product for geo-specific vehicle pricing

System, method and computer program product for geo specific vehicle pricing

In response to a user request for information on the best/worst days in an upcoming time period to buy a commodity, a vehicle data system may determine anticipated daily discounts applicable to the commodity. An example commodity may be a vehicle of a specific configuration. In one embodiment, characteristics of month, day of week, and day of month may be gathered and fed into a Best Day to Buy model to determine, for each day of the time period, a projected daily discount relative to a set price for the commodity. Additional input variables such as incentives and seasonal discounts may be included. From the computed daily discounts, the vehicle data system may determine the best day and/or the worst day to buy and report same to the user.

Growing community of inventors

Sherman Oaks, CA, United States of America

Param Pash Kaur Dhillon