SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR GEO SPECIFIC VEHICLE PRICING

Patent №

US 11,532,001

Granted

2022-12-20

Filed 2020

Owner

TRUECAR, INC.

Lab

AI components

4

ml · nlp · kr · planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

16888289

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.

AI classification

Planning1.00
Machine learning1.00
Knowledge representation0.91
Natural language0.90
AI hardware0.13
Vision0.00
Speech0.00
Evolutionary computation0.00

Ownership

TRUECAR, INC.

assignment · 537380333

Assignors

SWINSON, MICHAEL, DHILLON, PARAM PASH KAUR, SULLIVAN, THOMAS J., LIU, XINGCHU

On an employer assignment, the assignors are typically the inventors.

From the same owner

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