Amitayu Pal

US Patent:

20210304235, Sep 30, 2021

Filed:

Mar 30, 2020

Appl. No.:

16/834114

Inventors:

- McLean VA, US
Senthil NATARAJAN - Plano TX, US
Mark POND - McKinney TX, US
Amitayu PAL - Frisco TX, US

Assignee:

Capital One Services, LLC - McLean VA

International Classification:

G06Q 30/02
G06Q 30/08
G06Q 40/02
G06N 20/00

Abstract:

A computer-implemented method for determining auction prices of vehicles may include obtaining wholesale auction price data indicative of wholesale auction prices and vehicle attribute values of a plurality of vehicles; grouping the plurality of vehicles into a plurality of vehicle groups respectively associated with a plurality of characteristics; determining a plurality of regression models respectively based on the plurality of vehicle groups; obtaining information describing a target vehicle; based on the target-vehicle values and values for the one or more economic indicators, determining an estimated wholesale auction price of the target vehicle using an identified regression model of the plurality of regression models; determining a discount factor representing an expected discount of a post-repossession auction price of the target vehicle from the estimated wholesale auction price; and determining an estimated post-repossession auction price of the target vehicle based on the estimated wholesale auction price and the determined discount factor.