Patent ID: 7596512
Filing Date: 2009-09-29
Classification: G06Q

Abstract:
1. A computer implemented method for adjusting a base price of a particular used vehicle, the used vehicle having a present status at a specific time, the base price being adjusted based on specific prior events occurring to the used vehicle before the specific time, said method comprising the steps of: Obtaining, by a vehicle history information computer system, a vehicle history dataset relating to a particular used vehicle, the vehicle history dataset having vehicle history attributes regarding a the particular used vehicle, said vehicle history attributes indicating prior events that have occurred to the particular used vehicle; Applying, by a vehicle history information computer system, a pricing model module to the vehicle history data set, said pricing model module being based on obtaining at least one transaction record relating to terms of sale of used vehicles said transaction records including a transaction price of a used vehicle that is the subject of the transaction record and vehicle history attributes indicating prior events that have occurred to the used vehicle that is the subject of the transaction record; and Calculating, by a vehicle history information computer system, a single quantifiable price adjustment value for said particular used vehicle based on a plurality of said vehicle history attributes and said transaction records in the pricing model for vehicles similar to the particular used vehicle.