Richard T. Raines is a notable inventor based in Arlington, VA, who has made significant contributions to the field of vehicle history information systems. With a total of 12 patents to his name, Raines has developed innovative methods that enhance the understanding of vehicle ownership and pricing adjustments.

Latest Patents

One of Raines' latest patents is a system and method for generating information relating to a vehicle's history. This invention includes steps for identifying records in a database, determining ownership transfers, and generating price adjustments based on these transfers. Another significant patent is a system and method for determining vehicle price adjustment values. This invention involves a vehicle history database and a transaction database, which together help classify transaction records based on buyer knowledge of vehicle history attributes and compute corresponding price adjustments.

Career Highlights

Raines is currently employed at Carfax, Inc., a company renowned for its vehicle history reporting services. His work at Carfax has allowed him to apply his inventive skills to real-world applications, improving the transparency and reliability of vehicle transactions.

Collaborations

Throughout his career, Raines has collaborated with talented individuals such as Renan Ayrault and Eric Nesson. These collaborations have contributed to the development of innovative solutions in the automotive industry.

Conclusion

Richard T. Raines is a distinguished inventor whose work has significantly impacted the vehicle history information sector. His patents reflect a commitment to enhancing vehicle transaction transparency and pricing accuracy.

Profile summary based on public USPTO records.

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