Used-vehicle algorithmic pricing engine method and system

1. 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 vehicle is offered for sale to a used-vehicle retailer, the system comprising:

a used-vehicle algorithmic pricing engine application operative in one or more mobile devices to:

collect a data set related to a condition of the used vehicle from an on-board diagnostics (OBD);

collect another data set of information about the used vehicle uploaded via the used-vehicle algorithmic pricing engine application implemented in a mobile device, wherein the mobile device is communicatively coupled with the OBD device;

the server comprising a category-agnostic pricing engine that evaluates the fair price range of any used automobile and is configured to:

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 comprises 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 comprises 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 type with a set of similar depreciation patterns into a depreciation segment, wherein the depreciation segment comprises 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 depreciation segment;

determine a monetary value of the used vehicle based on the depreciation segment;

provide a web page that includes a display of the monetary value of the used vehicle based on the depreciation segment;

receive a request for the web page from either a seller's computing device or a used-vehicle retailer's computing device;

configure the web page to display the monetary value of the used vehicle based on the depreciation 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.

2. The computerized system of claim 1 , wherein the used-vehicle sales data further comprises geographic data associated with a set of vehicle sales of the used-vehicle type.

3. The computerized system of claim 2 , wherein the used-vehicle sales data further comprises a set of sale dates associated with the set of vehicle sales of the used-vehicle type.

4. The computerized system of claim 3 , wherein the used-vehicle sales data further comprises a set of parties associated with the set of vehicle sales of the used-vehicle type.

5. The computerized system of claim 4 , wherein a clustering algorithm is used to group each sampled used-vehicle type with a set of similar depreciation patterns into a depreciation segment.

6. The computerized system of claim 1 , wherein the used vehicle comprises an automobile.

7. The computerized system of claim 1 , wherein the used vehicle comprises a motorcycle.

8. The computerized system of claim 1 , wherein the used vehicle comprises an airplane.

9. The computerized system of claim 1 , wherein an exterior color of the used vehicle, a number of historical owners of the used vehicle, an accident history of the used vehicle, and a detailed condition of vehicle components of the used vehicle are used to weight the monetary value of the used vehicle.