Wholesale/Trade-In Pricing System, Method and Computer Program Product Therefor

摘要

Systems, methods and computer program products that determine wholesale prices for durable goods such as used vehicles. In one embodiment, a system includes a computer processor, a network interface, a data storage device, and an output device. The system collects and stores, via the network interface, historical sales information from external data sources. A retail price for a target vehicle is determined based on the collected information. Condition information for the vehicle is collected and used to adjust the retail price to arrive at a wholesale price, which is output to a user. The system may also adjust the price based on repair costs associated with identified vehicle conditions. The system may collect cost information associated with a wholesale sale transaction and deduct these costs and a profit margin from the wholesale price to produce a trade-in price.

主权项

1. A system for determining pricing information, the system comprising:
a computer processor; a network interface coupled to the processor; a data storage device coupled to the processor; an output device coupled to the processor; wherein the processor is configured to: collect, via the network interface, historical sales information from one or more data sources external to the system and store the collected historical sales information on the data storage device, determine a retail price for a target vehicle based on the collected historical sales information, collect condition information from a user input device, wherein the condition information indicates conditions associated with the target vehicle, determine one or more price modifications based on the conditions associated with the target vehicle, determine a wholesale price of the target vehicle based on the collected historical sales information and condition information; wherein the processor is configured to output the wholesale price to a user via the output device.