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:
Nov. 05, 2013
Filed:
Oct. 01, 2010
Michael Swinson, Santa Monica, CA (US);
Scott Painter, Bel Air, CA (US);
Damon Cleckler, Altadena, CA (US);
Philip Inghelbrecht, San Francisco, CA (US);
Christopher Carl Lichti, Los Angeles, CA (US);
Robert Taylor, Scottsdale, AZ (US);
Michael Swinson, Santa Monica, CA (US);
Scott Painter, Bel Air, CA (US);
Damon Cleckler, Altadena, CA (US);
Philip Inghelbrecht, San Francisco, CA (US);
Christopher Carl Lichti, Los Angeles, CA (US);
Robert Taylor, Scottsdale, AZ (US);
Truecar, Inc., Santa Monica, CA (US);
Abstract
The sale of a vehicle may involve many cost and profit components. It is generally impossible for a potential buyer to know all of these components. For example, dealers may be paid by original equipment manufacturers (OEMs) on their Customer Satisfaction Index (CSI) and volume bonus. Embodiments disclosed herein may determine and present to a user an accurate estimate of dealer cost, taking into consideration an aggregate of dealer cost components. For each component, a predictive model may be built to determine an expected value at a particular level. An average of the expected value of the component is then calculated for the most recent month. From that, an average bonus payout per vehicle for the most recent month may be determined. A base dealer cost is adjusted to account for these payouts to produce an accurate estimate of actual dealer cost.