Patents by Inventor Xingchu Liu

Xingchu Liu has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20230281652
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Application
    Filed: May 10, 2023
    Publication date: September 7, 2023
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Publication number: 20230259986
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Application
    Filed: April 26, 2023
    Publication date: August 17, 2023
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Patent number: 11687961
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Grant
    Filed: October 17, 2022
    Date of Patent: June 27, 2023
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Patent number: 11669874
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Grant
    Filed: June 17, 2022
    Date of Patent: June 6, 2023
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Publication number: 20230051349
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Application
    Filed: October 17, 2022
    Publication date: February 16, 2023
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Patent number: 11532001
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Grant
    Filed: May 29, 2020
    Date of Patent: December 20, 2022
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Publication number: 20220327581
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Application
    Filed: June 17, 2022
    Publication date: October 13, 2022
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Patent number: 11392999
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Grant
    Filed: May 29, 2020
    Date of Patent: July 19, 2022
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Patent number: 11195193
    Abstract: A method includes generating a control set, based on input received via a user interface, the control set comprising at least a first product of a product category type. The method further includes generating a test set, based on input received via the user interface, the test set comprising at least a second product of the product category type other than the first product in the control set. The method further includes changing a feature of the second product in the test set, the feature being visible on a web page via the internet, while maintaining the feature of the first product in the control set. The method further includes measuring competitor or consumer responses to the changing. The method further includes generating a recommendation based on the measured competitor or consumer responses.
    Type: Grant
    Filed: May 14, 2019
    Date of Patent: December 7, 2021
    Assignee: Home Depot Product Authority, LLC
    Inventors: Xingchu Liu, Lukas Bouvrie
  • Publication number: 20210042774
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Application
    Filed: May 29, 2020
    Publication date: February 11, 2021
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Publication number: 20200294098
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Application
    Filed: May 29, 2020
    Publication date: September 17, 2020
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Patent number: 10740776
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Grant
    Filed: December 27, 2016
    Date of Patent: August 11, 2020
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Patent number: 10733639
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Grant
    Filed: October 1, 2018
    Date of Patent: August 4, 2020
    Assignee: TrueCar, Inc.
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Publication number: 20200051134
    Abstract: Systems, methods and computer program products that determine wholesale prices for durable goods such as used vehicles. In one embodiment, a system includes a computer processor, a network interface, a data storage device, and an output device. The system collects and stores, via the network interface, historical sales information from external data sources. A retail price for a target vehicle is determined based on the collected information. Condition information for the vehicle is collected and used to adjust the retail price to arrive at a wholesale price, which is output to a user. The system may also adjust the price based on repair costs associated with identified vehicle conditions. The system may collect cost information associated with a wholesale sale transaction and deduct these costs and a profit margin from the wholesale price to produce a trade-in price.
    Type: Application
    Filed: October 17, 2019
    Publication date: February 13, 2020
    Inventors: Isaac Lemon Laughlin, Xingchu Liu, Mikhail Semeniuk, Michael D. Swinson
  • Patent number: 10504159
    Abstract: Systems, methods and computer program products that determine wholesale prices for durable goods such as used vehicles. In one embodiment, a system includes a computer processor, a network interface, a data storage device, and an output device. The system collects and stores, via the network interface, historical sales information from external data sources. A retail price for a target vehicle is determined based on the collected information. Condition information for the vehicle is collected and used to adjust the retail price to arrive at a wholesale price, which is output to a user. The system may also adjust the price based on repair costs associated with identified vehicle conditions. The system may collect cost information associated with a wholesale sale transaction and deduct these costs and a profit margin from the wholesale price to produce a trade-in price.
    Type: Grant
    Filed: September 19, 2013
    Date of Patent: December 10, 2019
    Assignee: TrueCar, Inc.
    Inventors: Isaac Lemon Laughlin, Xingchu Liu, Mikhail Semeniuk, Michael D. Swinson
  • Publication number: 20190347681
    Abstract: A method includes generating a control set, based on input received via a user interface, the control set comprising at least a first product of a product category type. The method further includes generating a test set, based on input received via the user interface, the test set comprising at least a second product of the product category type other than the first product in the control set. The method further includes changing a feature of the second product in the test set, the feature being visible on a web page via the internet, while maintaining the feature of the first product in the control set. The method further includes measuring competitor or consumer responses to the changing. The method further includes generating a recommendation based on the measured competitor or consumer responses.
    Type: Application
    Filed: May 14, 2019
    Publication date: November 14, 2019
    Inventors: Xingchu Liu, Lukas Bouvrie
  • Patent number: 10296929
    Abstract: Disclosed are embodiments for the aggregation and analysis of vehicle prices via a geo-specific model. Data may be collected at various geo-specific levels such as a ZIP-Code level to provide greater data resolution. Data sets taken into account may include demarcation point data sets and data sets based on vehicle transactions. A demarcation point data set may be based on consumer market factors that influence car-buying behavior. Vehicle transactions may be classified into data sets for other vehicles having similar characteristics to the vehicle. A geo-specific statistical pricing model may then be applied to the data sets based on similar characteristics to a particular vehicle to produce a price estimation for the vehicle.
    Type: Grant
    Filed: June 30, 2011
    Date of Patent: May 21, 2019
    Assignee: TRUECAR, INC.
    Inventors: Michael Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
  • Patent number: 10290012
    Abstract: Price for one or more products is optimized by considering competitor and/or consumer behavior relating to the products. A control set is generated to include one or more products. Also, a test set is generated to include one or more products of the same type as products in the control set. A feature of the products in the test set is changed while the feature of the products in the control set is maintained. Competitor and/or consumer response to the change is measured. Based on the response, a recommendation is generated with respect to the feature of the products in the test set. According to one implementation the recommendation may be a recommendation to lower the price of the products in the test set.
    Type: Grant
    Filed: March 15, 2013
    Date of Patent: May 14, 2019
    Assignee: Home Depot Product Authority, LLC
    Inventors: Xingchu Liu, Lukas Bouvrie
  • Publication number: 20190034983
    Abstract: To increase the efficiency of a used vehicle data processing process while still tailoring to an individual user's unique specifications on a used vehicle, at least some pre-calculations are performed by a backend process before a request for data for a specified vehicle is received through a web site or a web server on the Internet. A user can be presented with an interface where the user can make a variety of determinations. After the user requests data on a specific vehicle configuration, a frontend process handles user-provided data in conjunction with the data calculated in the backend process to ensure that the results are better tailored to the user's specific vehicle attributes. The results can include pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc.
    Type: Application
    Filed: October 1, 2018
    Publication date: January 31, 2019
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
  • Patent number: 10108989
    Abstract: Systems and methods for the aggregation, analysis, and display of data for used vehicles are disclosed. Historical transaction data for used vehicles may be obtained and processed to determine pricing data, where this determined pricing data may be associated with a particular configuration of a vehicle. The user can then be presented with an interface pertinent to the vehicle configuration utilizing the aggregated data set or the associated determined data where the user can make a variety of determinations. This interface may, for example, be configured to present the historical transaction data visually, with the pricing data such as a trade-in price, a list price, an expected sale price or range of sale prices, market low sale price, market average sale price, market high sale price, etc. presented relative to the historical transaction data.
    Type: Grant
    Filed: December 31, 2013
    Date of Patent: October 23, 2018
    Assignee: TRUECAR, INC.
    Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu