Method and system for a vehicle auction tool with vehicle condition assessments

US10032216B2 · kind B2 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Todd Binion · Bloomington, US
• Kelly S. Minter · Normal, US
• Heidi Brown-McCreery · Bloomington, US
• Michael Harris, Jr. · Tempe, US
• Jeremy Myers · Normal, US
• Brian Mark Fields · Phoenix, US
• Joe Harr · Bloomington, US

Key dates

• Filing date: Oct 7, 2013
• Grant date: Jul 24, 2018
• Expiry date: Oct 7, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for buying and selling vehicles includes receiving information identifying a vehicle, retrieving condition data corresponding to the vehicle from a condition database, wherein a device inside the vehicle generates at least some of the condition data while the vehicle is being operated, and analyzing the condition data to determine a condition of the vehicle, wherein the condition of the vehicle relates to at least one of a quality or a value of the vehicle. Further, the method includes communicating an indication of the vehicle condition to an end user device, and, in response to the indication of the vehicle condition, receiving an offer to purchase the vehicle. A notification is generated based on the offer to purchase the vehicle, wherein the notification indicates a status of a purchase of the vehicle according to the offer to purchase the vehicle, and the notification is communicated to the end user device.