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).
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Publication number: 20230281652Abstract: 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: ApplicationFiled: May 10, 2023Publication date: September 7, 2023Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Publication number: 20230259986Abstract: 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: ApplicationFiled: April 26, 2023Publication date: August 17, 2023Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Patent number: 11687961Abstract: 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: GrantFiled: October 17, 2022Date of Patent: June 27, 2023Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Patent number: 11669874Abstract: 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: GrantFiled: June 17, 2022Date of Patent: June 6, 2023Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Publication number: 20230051349Abstract: 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: ApplicationFiled: October 17, 2022Publication date: February 16, 2023Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Patent number: 11532001Abstract: 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: GrantFiled: May 29, 2020Date of Patent: December 20, 2022Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Publication number: 20220327581Abstract: 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: ApplicationFiled: June 17, 2022Publication date: October 13, 2022Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Patent number: 11392999Abstract: 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: GrantFiled: May 29, 2020Date of Patent: July 19, 2022Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Patent number: 11195193Abstract: 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: GrantFiled: May 14, 2019Date of Patent: December 7, 2021Assignee: Home Depot Product Authority, LLCInventors: Xingchu Liu, Lukas Bouvrie
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Publication number: 20210042774Abstract: 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: ApplicationFiled: May 29, 2020Publication date: February 11, 2021Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Publication number: 20200294098Abstract: 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: ApplicationFiled: May 29, 2020Publication date: September 17, 2020Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Patent number: 10740776Abstract: 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: GrantFiled: December 27, 2016Date of Patent: August 11, 2020Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Patent number: 10733639Abstract: 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: GrantFiled: October 1, 2018Date of Patent: August 4, 2020Assignee: TrueCar, Inc.Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Publication number: 20200051134Abstract: 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: ApplicationFiled: October 17, 2019Publication date: February 13, 2020Inventors: Isaac Lemon Laughlin, Xingchu Liu, Mikhail Semeniuk, Michael D. Swinson
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Patent number: 10504159Abstract: 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: GrantFiled: September 19, 2013Date of Patent: December 10, 2019Assignee: TrueCar, Inc.Inventors: Isaac Lemon Laughlin, Xingchu Liu, Mikhail Semeniuk, Michael D. Swinson
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Publication number: 20190347681Abstract: 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: ApplicationFiled: May 14, 2019Publication date: November 14, 2019Inventors: Xingchu Liu, Lukas Bouvrie
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Patent number: 10296929Abstract: 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: GrantFiled: June 30, 2011Date of Patent: May 21, 2019Assignee: TRUECAR, INC.Inventors: Michael Swinson, Param Pash Kaur Dhillon, Thomas J. Sullivan, Xingchu Liu
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Patent number: 10290012Abstract: 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: GrantFiled: March 15, 2013Date of Patent: May 14, 2019Assignee: Home Depot Product Authority, LLCInventors: Xingchu Liu, Lukas Bouvrie
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Publication number: 20190034983Abstract: 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: ApplicationFiled: October 1, 2018Publication date: January 31, 2019Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu
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Patent number: 10108989Abstract: 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: GrantFiled: December 31, 2013Date of Patent: October 23, 2018Assignee: TRUECAR, INC.Inventors: Michael D. Swinson, Isaac Lemon Laughlin, Meghashyam Grama Ramanuja, Mikhail Semeniuk, Xingchu Liu