SYSTEM AND METHOD TO COMPUTE VEHICLE HEALTH INDEX FROM AGGREGATE DATA
A system and method for determining the state of health of a vehicle based on a determination of factored miles. The method includes collecting data from a group of vehicle of a common model type as aggregate data and data from a particular vehicle as individual data. The aggregate data and the individual data are used to determine a percent degradation of sub-systems and components on the vehicle, and an overall percent degradation is determined by accumulating the percent degradation for the sub-systems and components. The accumulated percent degradation is then used to determine a factored miles value that is an indication of the state of health of the vehicle based on vehicle driving conditions and other considerations. The factored miles can then be used by various business models to determine the value of a vehicle.
1 . A method for determining the state of health of a vehicle or group of vehicles, said method comprising:
collecting data concerning the vehicle or group of vehicles;
using the collected data to determine a percent degradation of components and sub-systems on the vehicle or group of vehicles;
accumulating the percent degradation of the components and sub-systems on the vehicle or group of vehicles to provide an accumulated percent degradation;
computing a factored miles value based on the accumulative percent degradation for the vehicle or group of vehicles; and
using the factored miles value to determine the state of health of the vehicle or group of vehicles.
2 . The method according to claim 1 wherein collecting data includes collecting aggregate data for vehicles of the same model or vehicle type and collecting individual data from a particular vehicle.
3 . The method according to claim 2 wherein determining the percent degradation of the components and sub-systems includes determining the percent degradation as a function of the aggregate data and the individual vehicle data.
4 . The method according to claim 2 wherein collecting individual data from a vehicle includes using wireless transmissions of data from the vehicle.
5 . The method according to claim 1 wherein determining the percent degradation of vehicle components and sub-systems includes determining the percent degradation of a vehicle engine, vehicle brakes, vehicle HVAC, vehicle transmission and vehicle battery.
6 . The method according to claim 1 wherein determining the percent degradation of the components and sub-systems includes determining the percent degradation as a function of engine health, brake health, actual vehicle miles, service history and driver driving habits.
7 . The method according to claim 1 further comprising providing the factored miles value to business models that drive service decisions, that drive warranty decisions and that assess the health of a fleet of vehicles.
8 . The method according to claim 1 wherein computing the factored miles value includes using a look-up table based on the accumulated percent degradation.
9 . The method according to claim 1 wherein determining the state of health of the vehicle or group of vehicles includes determining the state of health based on a trigger event.
10 . The method according to claim 9 wherein basing the determination of the state of health on a trigger event includes using a trigger event selected from the group consisting of a time trigger, a customer request trigger and an event trigger.
11 . A method for determining a factored miles value of a vehicle that identifies vehicle value based on factors other than actual miles driven and months in service, said method comprising:
collecting data concerning the vehicle or a group of vehicles;
using the collected data to determine an accumulated percent degradation of the vehicle or group of vehicles;
computing the factored miles value based on the accumulated percent degradation; and
using the factored miles value to determine the vehicle value.
12 . The method according to claim 11 wherein collecting data includes collecting aggregate data for vehicles of the same model or vehicle type and collecting individual data from a particular vehicle.
13 . The method according to claim 11 wherein determining the accumulated percent degradation includes determining the percent degradation of separate components and sub-systems on the vehicle and combining the percent degradations of the components and sub-systems to provide the accumulated percent degradation.
14 . The method according to claim 13 wherein determining the percent degradation of vehicle components and sub-systems includes determining the percent degradation of a vehicle engine, vehicle brakes, vehicle HVAC, vehicle transmission and vehicle battery.
15 . The method according to claim 13 further comprising providing the factored miles value to business models that drive service decisions, that drive warranty decisions and that assess the health of a fleet of vehicles.
16 . A method for determining the state of health of a vehicle or group of vehicles, said method comprising:
collecting aggregate data for vehicles of the same model or vehicle type as the vehicle or group of vehicles;
collecting individual data from a particular vehicle;
using the collected data to determine a percent degradation of components and sub-systems on the vehicle or group of vehicles where the components and sub-systems include a vehicle engine, vehicle brakes, vehicle HVAC, vehicle transmission and vehicle battery;
accumulating the percent degradation of the component and sub-systems on the vehicle or group of vehicles to provide an accumulated percent degradation;
computing a factored miles value based on the accumulated percent degradation for the vehicle or group of vehicles; and
using the factored miles value to determine the state of health of the vehicle or group of vehicles.
17 . The method according to claim 16 further comprising providing the factored miles to business models that drive service decisions, that drive warranty decisions and that assess the health of a fleet of vehicles.
18 . The method according to claim 16 wherein computing a factored miles value includes using a look-up table based on the accumulated percent degradation.
19 . The method according to claim 16 wherein determining the state of health of the vehicle or group of vehicles includes determining the state of health based on a trigger event.
20 . The method according to claim 19 wherein basing the determination of the state of health on a trigger event includes using a trigger event selected from the group consisting of a time trigger, a customer request trigger and an event trigger.