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
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.