PRICE SCORING FOR VEHICLES

摘要

Vehicle pricing such as used vehicle pricing is improved by supplementing statistical modeling techniques with additional algorithms to accommodate factors such as geography and dealer reputation that do not readily yield to regression analysis or similar tools that might be used to characterize a population.

主权项

1. A method comprising:
receiving a request for vehicle information from a client; ranking a number of vehicles responsive to the request based upon a relative value using a difference between a fair market price and a listing price for each of the number of vehicles, wherein the relative value is a dimensionless value normalized according to a standard deviation of prices for the number of vehicles, thereby providing a ranked list; adjusting a position of one of the vehicles in the ranked list according to a dealer reputation for a dealer offering the one of the vehicles for resale, thereby providing an adjusted ranked list; and transmitting one or more items in the adjusted ranked list to a client for display.