The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 21, 2019
Filed:
Jun. 30, 2011
Michael Swinson, Santa Monica, CA (US);
Param Pash Kaur Dhillon, Sherman Oaks, CA (US);
Thomas J. Sullivan, Santa Monica, CA (US);
Xingchu Liu, Los Angeles, CA (US);
Michael Swinson, Santa Monica, CA (US);
Param Pash Kaur Dhillon, Sherman Oaks, CA (US);
Thomas J. Sullivan, Santa Monica, CA (US);
Xingchu Liu, Los Angeles, CA (US);
TRUECAR, INC., Santa Monica, CA (US);
Abstract
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.