System and method for calculating and displaying price distributions based on analysis of transactions
Embodiments of systems and methods for the aggregation, analysis, display and monetization of pricing data for commodities in general, and which may be particularly useful applied to vehicles are disclosed. Specifically, in certain embodiments, historical transaction data associated with a particular vehicle configuration may be obtained and processed to determine pricing data associated with the vehicle configuration. The historical transaction data or determined pricing data may then be presented in an intuitive manner.
1. A system, comprising:
a vehicle data system including a processor coupled to one or more devices over a network, the vehicle data system comprising:
a processing module, the processing module configured to:
receive a specified vehicle configuration;
obtain a set of historical transaction data associated with the specified vehicle configuration, where the set of historical transaction data was collected asynchronously and comprises data on transactions associated with vehicles of the specified vehicle configuration;
determine pricing data corresponding to the specified vehicle configuration by applying one or more pre-determined models to the set of historical transaction data associated with the specified vehicle configuration, wherein the pricing data includes a set of transaction prices and one or more price ranges determined based on the set of historical transaction data associated with the specified vehicle configuration, and the one or more price ranges are quantifiable; and
an interface module configured to:
generate an interface based on the pricing data, wherein the interface is configured to present the set of transaction prices and the one or more quantifiable price ranges relative to the set of transaction prices.
2. The system of claim 1 , further comprising a data store storing the set of historical transaction data and wherein the set of historical transaction data comprises one or more prices associated with the specified vehicle configuration actually sold to a consumer.
3. The system of claim 2 , wherein the one or more prices comprise at least an invoice price, a dealer cost, a manufacturer suggested retail price, or a transaction price paid by the consumer for the particular vehicle.
4. The system of claim 2 , wherein the specified vehicle configuration is associated with a set of vehicle attributes comprising at least a vehicle make, model, trim, or power train.
5. The system of claim 4 , wherein the historical transaction data is grouped by the vehicle make, model, trim or power train.
6. The system of claim 1 , wherein the one or more models includes a dealer cost model.
7. The system of claim 6 , wherein the dealer cost model is one of a set of dealer cost models, each dealer cost model corresponding to a manufacturer.
8. The system of claim 7 , wherein the dealer cost model is generated by analyzing invoice data corresponding to the manufacturer and determining a holdback price.
9. The system of claim 1 , wherein determining pricing data comprises adjusting the transactions for incentives.
10. A method, comprising:
receiving a specified vehicle configuration;
obtaining a set of historical transaction data associated the specified vehicle configuration, where the set of historical transaction data was collected asynchronously and comprises data on transactions associated with vehicles of the specified vehicle configuration;
determining, at a vehicle data system having a processor, pricing data corresponding to the specified vehicle configuration by applying one or more pre-determined models to the set of historical transaction data associated with the specified vehicle configuration, wherein the pricing data includes a set of transaction prices and one or more price ranges determined based on the set of historical transaction data associated with the specified vehicle configuration, and the one or more price ranges are quantifiable; and
generating, at a vehicle data system having a processor, an interface based on the pricing data, wherein the interface is configured to present the set of transaction prices and the one or more price ranges relative to the set of transaction prices.
11. The method of claim 1 , wherein the set of historical transaction data comprises one or more prices associated with the specified vehicle configuration actually sold to a consumer.
12. The method of claim 11 , wherein the one or more prices comprise at least an invoice price, a dealer cost, a manufacturer suggested retail price, or a transaction price paid by the consumer for the particular vehicle.
13. The method of claim 11 , wherein the specified vehicle configuration is associated with a set of vehicle attributes comprising at least a vehicle make, model, trim, or power train.
14. The method of claim 13 , wherein the historical transaction data is grouped by the vehicle make, model, trim or power train.
15. The method of claim 10 , wherein the one or more models includes a dealer cost model.
16. The method of claim 15 , wherein the dealer cost model is one of a set of dealer cost models, each dealer cost model corresponding to a manufacturer.
17. The system of claim 16 , wherein the dealer cost model is generated by analyzing invoice data corresponding to the manufacturer and determining a holdback price.
18. The method of claim 10 , wherein determining pricing data comprises adjusting the transactions for incentives.