Patent Document ID: 8781846
Application ID: 12896107
Patent Status: 1

Claim One:
1. A method, comprising: performing, by a vehicle data system running on one or more server machines: obtaining data from one or more data sources; converting the data into a plurality of variables, wherein the data is associated with a plurality of vehicles of a set of vehicle models; generating order statistics for each of the plurality of variables relative to the set of vehicle models such that each of the set of vehicle models is ranked by each of the plurality of variables; applying a weighting factor to the plurality of variables based on the order statistics to generate a price flexibility score for each of the set of vehicle models associated with the plurality of vehicles, the price flexibility score measuring an elasticity of a transaction price of a particular vehicle model relative to other vehicle models; and determining a negotiability index utilizing the price flexibility score for each of the plurality of vehicles, wherein the negotiability index indicates a potential range in purchase prices of the plurality of vehicles.