USED-VEHICLE ALGORITHMIC PRICING ENGINE METHOD AND SYSTEM

摘要

In one aspect, a computerized system for distributing an estimated monetary value of a used vehicle on the Internet, the Internet including a server and a computer with a monitor, the used vehicle being associated with a seller of the used vehicle, which used vehicles is offered for sale to a used-vehicle retailer, the system including: a server including a category-agnostic pricing engine that evaluates the fair price range of any used automobile and is configured to implement the following steps: identify the seller of the used vehicle; identify a used-vehicle retailer to offer the used vehicle to for sale; determine a mileage of the used vehicle; determine a condition of the used vehicle; collect a set of samples of one or more used-vehicle types, wherein the set of samples includes a make of each used-vehicle type, a model of each used-vehicle type and a year of production of each vehicle type; collect a set of used-vehicle sales data for the set of samples of the one or more used-vehicle types for a specified period, and wherein the used-vehicle sales data includes a sale price statistic for the set of samples as a function of at least vehicle mileage and vehicle condition; generate a depreciation curve for each used-vehicle type based on the used-vehicle sales data of each sampled used-vehicle type; group each sampled used-vehicle types with a set of similar depreciation patterns into a depreciation segment, wherein the depreciation segment includes a group of vehicle types that present a similar depreciation pattern within specified thresholds of the used-vehicle sales data; match the used-vehicle of the seller to the deprecation segment; determine a monetary value of the used vehicle based on the deprecation segment; provide a web page that includes a display of the monetary value of the used vehicle based on the deprecation segment; receive a request for the web page from either the seller's computing device or the used-vehicle retailer's computing device; configure the web page to display the monetary value of the used vehicle based on the deprecation segment; and communicate the web page configured to display the monetary value of the used vehicle to either the seller's computing device or the used-vehicle retailer's computing device.