Systems and methods for setting price points

The system addresses the challenge of setting vehicle price points by collecting and analyzing market data to determine optimal price points, thereby enhancing buyer visibility and maximizing sales and profit.

WO2025064743A1 Publication Date: 2025-03-27ANTONICK ROBIN +1
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Patent Information

Application Number
PCT/US2024/047587
Authority / Receiving Office
WO · WO
Patent Type
Applications
Current Assignee / Owner
Priority Date
2024-09-19
Filing Date
2024-09-20
Publication Date
2025-03-27

AI Technical Summary

Technical Problem

Current systems for setting vehicle price points rely on historical dealer sales data and do not effectively utilize market data from display systems and third-party providers, leading to poor pivot price point rankings that impact buyer visibility, sales, and profit.

Method used

A system comprising a data collection server, middleware server, and model server that collects and analyzes data from display systems and third-party providers to set optimal price points, enhance buyer visibility, and maximize sales and profit, using machine learning and artificial intelligence to reduce artificial intelligence hallucinations and provide actionable insights.

Benefits of technology

The system significantly increases buyer visibility by determining the optimal price points that maximize sales, inventory turn, and profit, while reducing the time and effort required by dealers to analyze market data and adjust pricing strategies.

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Abstract

A system for setting price points for a sale product includes a data collection server that is configured to collect data from display systems of a sale product and third party providers of the sale product. A middleware server is configured to analyze and sort the data to generate a visualization of the data. A model server is configured to tune the visualization of the data and reduce artificial intelligence hallucinations occurring in the visualization of the data and recommendations derived from the digestion of the data. A display platform displays the visualization of the data with an interactive environment for data driven, machine learning informed query and insight for decision making.
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