SYSTEM AND METHOD FOR DETERMINING VEHICLE PRICE ADJUSTMENT VALUES

Patent №

US 7,596,512

Granted

2009-09-29

Filed 2003

Owner

CARFAX, INC.

Lab

AI components

2

planning · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

10721780

System and method for computing price adjustment values associated with vehicle history attributes including a vehicle history database with vehicle history datasets, a transaction database, a vehicle history knowledge determination module adapted to determine whether a sale transaction related to a transaction record occurred with buyer's knowledge of the vehicle history attributes associated with the vehicle of the transaction record and to classify each transaction record based on whether buyer possessed knowledge of the vehicle history attributes, and a price adjustment module adapted to determine price adjustment values for the vehicle history attributes based on the vehicle history datasets and classification of the plurality of transaction records. In accordance with one aspect, the present invention may be implemented as a computer readable medium with instructions.

PlanningAI hardwareG06Q 30/02G06Q 30/0611G06Q 30/0623G06Q 40/04

AI classification

Planning0.96
AI hardware0.64
Machine learning0.08
Natural language0.04
Knowledge representation0.02
Evolutionary computation0.01
Vision0.00
Speech0.00

Ownership

CARFAX, INC.

assignment · 152080588

Assignors

RAINES, RICHARD T., AYRAULT, RENAN

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

© 2026 NYSGPT2525 LLC