WO2007002754A3 - System and method for tangible good valuation - Google Patents

System and method for tangible good valuation Download PDF

Info

Publication number
WO2007002754A3
WO2007002754A3 PCT/US2006/025182 US2006025182W WO2007002754A3 WO 2007002754 A3 WO2007002754 A3 WO 2007002754A3 US 2006025182 W US2006025182 W US 2006025182W WO 2007002754 A3 WO2007002754 A3 WO 2007002754A3
Authority
WO
WIPO (PCT)
Prior art keywords
valuation
vehicles
current
exist
base value
Prior art date
Application number
PCT/US2006/025182
Other languages
French (fr)
Other versions
WO2007002754A2 (en
Inventor
Wess Eric Sharpe
Eric Burton Schorvitz
Original Assignee
Namx Inc
Wess Eric Sharpe
Eric Burton Schorvitz
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Namx Inc, Wess Eric Sharpe, Eric Burton Schorvitz filed Critical Namx Inc
Publication of WO2007002754A2 publication Critical patent/WO2007002754A2/en
Publication of WO2007002754A3 publication Critical patent/WO2007002754A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising

Landscapes

  • Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Development Economics (AREA)
  • Finance (AREA)
  • Economics (AREA)
  • Game Theory and Decision Science (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Marketing (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

An improved system for valuation of tangible goods, such as automotive vehicles includes isolation processes configured to discern the valuation of specific vehicle elements in real time, thereby enabling physical (vehicles that do exist) and hypothetical (vehicles that do not exist) new as well as used vehicle valuations, using transaction data being electronically updated as transactions occur in an electronic marketplace. The processes generate a current base value and plural current constituent values corresponding to characteristics of the vehicle affecting value such as trim level, package options, unit options and the like. A regression model embodiment determines a current base value and one or more current constituent values.
PCT/US2006/025182 2005-06-27 2006-06-27 System and method for tangible good valuation WO2007002754A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US69431805P 2005-06-27 2005-06-27
US60/694,318 2005-06-27

Publications (2)

Publication Number Publication Date
WO2007002754A2 WO2007002754A2 (en) 2007-01-04
WO2007002754A3 true WO2007002754A3 (en) 2007-06-21

Family

ID=37595471

Family Applications (7)

Application Number Title Priority Date Filing Date
PCT/US2006/025192 WO2007002759A2 (en) 2005-06-27 2006-06-27 System and method for controlling dealer/consumer interaction
PCT/US2006/025009 WO2007002680A2 (en) 2005-06-27 2006-06-27 System and method for control, distribution and purchase of wholesale goods and related interactions
PCT/US2006/024882 WO2007002624A2 (en) 2005-06-27 2006-06-27 System and method for facilitating the sale of a tangible good through an auction process
PCT/US2006/024936 WO2007002650A2 (en) 2005-06-27 2006-06-27 System and method for distribution of wholesale goods
PCT/US2006/025182 WO2007002754A2 (en) 2005-06-27 2006-06-27 System and method for tangible good valuation
PCT/US2006/025011 WO2007035195A2 (en) 2005-06-27 2006-06-27 System and method for inventory control
PCT/US2006/025015 WO2007002684A1 (en) 2005-06-27 2006-06-27 System and method for tangible good valuation

Family Applications Before (4)

Application Number Title Priority Date Filing Date
PCT/US2006/025192 WO2007002759A2 (en) 2005-06-27 2006-06-27 System and method for controlling dealer/consumer interaction
PCT/US2006/025009 WO2007002680A2 (en) 2005-06-27 2006-06-27 System and method for control, distribution and purchase of wholesale goods and related interactions
PCT/US2006/024882 WO2007002624A2 (en) 2005-06-27 2006-06-27 System and method for facilitating the sale of a tangible good through an auction process
PCT/US2006/024936 WO2007002650A2 (en) 2005-06-27 2006-06-27 System and method for distribution of wholesale goods

Family Applications After (2)

Application Number Title Priority Date Filing Date
PCT/US2006/025011 WO2007035195A2 (en) 2005-06-27 2006-06-27 System and method for inventory control
PCT/US2006/025015 WO2007002684A1 (en) 2005-06-27 2006-06-27 System and method for tangible good valuation

Country Status (1)

Country Link
WO (7) WO2007002759A2 (en)

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CN102203772A (en) 2008-09-09 2011-09-28 真车股份有限公司 System and method for calculating and displaying price distributions based on analysis of transactions
US8612314B2 (en) 2008-09-09 2013-12-17 Truecar, Inc. System and method for the utilization of pricing models in the aggregation, analysis, presentation and monetization of pricing data for vehicles and other commodities
US8676631B2 (en) * 2009-02-03 2014-03-18 International Business Machines Corporation Automated item pricing
CA2753889C (en) * 2009-02-27 2021-11-16 Openlane, Inc. Wholesale virtual inventory and retail lead generation
US8244829B2 (en) * 2009-03-25 2012-08-14 Panasonic Corporation Data transmitting apparatus, data receiving apparatus, data transmitting method and data receiving method
US8626327B2 (en) 2010-11-05 2014-01-07 The Coca-Cola Company System for optimizing drink blends
US8639374B2 (en) 2010-11-05 2014-01-28 The Coca-Cola Company Method, apparatus and system for regulating a product attribute profile
US10296929B2 (en) 2011-06-30 2019-05-21 Truecar, Inc. System, method and computer program product for geo-specific vehicle pricing
US8589212B2 (en) * 2011-07-27 2013-11-19 Vauto, Inc. Vehicle desirability and stocking based on live markets
CN104303199B (en) * 2011-07-28 2017-08-25 真车股份有限公司 The system and method with presenting are analyzed for used car pricing data
US20150213548A1 (en) * 2012-08-21 2015-07-30 On The Block, L.L.C. Comprehensive vehicle auction system
US10504159B2 (en) * 2013-01-29 2019-12-10 Truecar, Inc. Wholesale/trade-in pricing system, method and computer program product therefor
WO2014124149A1 (en) * 2013-02-07 2014-08-14 Dealer Dot Com, Inc. Automatic inventory management system
US9779451B2 (en) 2013-04-24 2017-10-03 On The Block, L.L.C. System and method of accessing an online auction of a vehicle through an auction website and a dealer website
US9477950B2 (en) 2014-09-04 2016-10-25 Snap-On Incorporated Prognostics-based estimator
CN105683970B (en) * 2013-09-05 2019-07-26 实耐宝公司 Estimator based on prediction
US11501351B2 (en) 2018-03-21 2022-11-15 Cdk Global, Llc Servers, systems, and methods for single sign-on of an automotive commerce exchange
US11190608B2 (en) 2018-03-21 2021-11-30 Cdk Global Llc Systems and methods for an automotive commerce exchange
WO2021001294A1 (en) 2019-07-03 2021-01-07 Basf Se Semi-permeable membrane with pores resulting from volatile substance
WO2021022296A1 (en) * 2019-07-31 2021-02-04 CarOffer, LLC Instant vehicle trading
CA3058868A1 (en) * 2019-10-16 2021-04-16 Carma Automotive Inc. Parameter-based reconditioning index for estimation of vehicle reconditioning cost
US12020217B2 (en) 2020-11-11 2024-06-25 Cdk Global, Llc Systems and methods for using machine learning for vehicle damage detection and repair cost estimation
US11514021B2 (en) 2021-01-22 2022-11-29 Cdk Global, Llc Systems, methods, and apparatuses for scanning a legacy database
CN112861036A (en) * 2021-02-07 2021-05-28 广州华多网络科技有限公司 User favorite access method and device, equipment and medium thereof
CN113052633A (en) * 2021-03-26 2021-06-29 中国第一汽车股份有限公司 Vehicle residual value evaluation method, device, equipment and medium
US11803535B2 (en) 2021-05-24 2023-10-31 Cdk Global, Llc Systems, methods, and apparatuses for simultaneously running parallel databases
US20240054556A1 (en) * 2022-08-11 2024-02-15 Motologiq, Inc. Online commerce platform
US11983145B2 (en) 2022-08-31 2024-05-14 Cdk Global, Llc Method and system of modifying information on file

Citations (6)

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US6006201A (en) * 1996-03-29 1999-12-21 Adt Automotive, Inc. Electronic on-line motor vehicle auction and information system
US20020143646A1 (en) * 2000-10-27 2002-10-03 Boyden Adam Gilbert Method and system for a full-service electronic auction using a computer
US20030069837A1 (en) * 2001-10-04 2003-04-10 Mills Timothy J. Method and apparatus for clearing automobile contracts
US20030130966A1 (en) * 2001-12-20 2003-07-10 Thompson Bruce T. Vehicle management, appraisal and auction system
US20040117293A1 (en) * 2002-12-13 2004-06-17 Lammle Randall Warren Automated auction sales management tool
US20040267818A1 (en) * 2003-06-23 2004-12-30 Hartenstine Troy A. Collecting and valuating used items for sale

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Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6006201A (en) * 1996-03-29 1999-12-21 Adt Automotive, Inc. Electronic on-line motor vehicle auction and information system
US20020143646A1 (en) * 2000-10-27 2002-10-03 Boyden Adam Gilbert Method and system for a full-service electronic auction using a computer
US20030069837A1 (en) * 2001-10-04 2003-04-10 Mills Timothy J. Method and apparatus for clearing automobile contracts
US20030130966A1 (en) * 2001-12-20 2003-07-10 Thompson Bruce T. Vehicle management, appraisal and auction system
US20040117293A1 (en) * 2002-12-13 2004-06-17 Lammle Randall Warren Automated auction sales management tool
US20040267818A1 (en) * 2003-06-23 2004-12-30 Hartenstine Troy A. Collecting and valuating used items for sale

Also Published As

Publication number Publication date
WO2007002680A2 (en) 2007-01-04
WO2007002680A3 (en) 2009-04-16
WO2007002650A2 (en) 2007-01-04
WO2007002624A3 (en) 2007-05-18
WO2007002754A2 (en) 2007-01-04
WO2007002650A3 (en) 2007-03-08
WO2007035195A9 (en) 2007-07-26
WO2007002684A1 (en) 2007-01-04
WO2007035195A3 (en) 2007-06-07
WO2007002759A2 (en) 2007-01-04
WO2007002624A2 (en) 2007-01-04
WO2007002759A3 (en) 2007-06-21
WO2007035195A2 (en) 2007-03-29

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