SYSTEM AND METHOD FOR THE ANALYSIS OF PRICING DATA INCLUDING PRICING FLEXIBILITY FOR VEHICLES AND OTHER COMMODITIES

摘要

Embodiments disclosed herein can provide consumers with an effective tool for evaluating the negotiability of prices for vehicles in the marketplace. The tool may include a negotiability index which determines flexibility in vehicle pricing. Specifically, a method may obtain data from multiple sets of vehicle models, construct a price flexibility model to estimate an average price range for each set of models, determine a negotiability index using the average price range, and generate an interface to present the negotiability index. In one embodiment, the price flexibility model incorporates a plurality of factors.

主权项

1. A method, comprising:
performing, by a vehicle data system running on one or more server machines: obtaining data associated with a plurality of vehicles of a set of vehicle models; constructing a price flexibility model using the data associated with the plurality of vehicles of the set of vehicle models previously obtained over a period of time; running the price flexibility model to produce a predicted price range value for a vehicle model of the set of vehicle models; and determining a price negotiability of the vehicle model utilizing the predicted price range value for the vehicle model.