18296372. VEHICLE VALUE PREDICTION DEVICE simplified abstract (TOYOTA JIDOSHA KABUSHIKI KAISHA)
Contents
VEHICLE VALUE PREDICTION DEVICE
Organization Name
TOYOTA JIDOSHA KABUSHIKI KAISHA
Inventor(s)
Yusuke Kuzuya of Nagoya-shi (JP)
Kenji Yamaguchi of Miyoshi-shi (JP)
VEHICLE VALUE PREDICTION DEVICE - A simplified explanation of the abstract
This abstract first appeared for US patent application 18296372 titled 'VEHICLE VALUE PREDICTION DEVICE
Simplified Explanation
The patent application describes a device that predicts the value of a vehicle over time. It includes several calculation units that determine the changes in different aspects of the vehicle's value, such as vehicle information, equipment, engine, skeleton, exterior, and interior. These changes are integrated from the time of purchase to the present to calculate the overall time-series change in vehicle value. The device also predicts the vehicle value for a future period based on the time-series change.
- Vehicle value prediction device that calculates the value of a vehicle over time.
- Calculation units determine the changes in various aspects of the vehicle's value.
- Integration of these changes provides an overall time-series change in vehicle value.
- The device can predict the value of the vehicle for a future period.
Potential Applications
- Used car market: Predicting the value of used vehicles can help buyers and sellers make informed decisions.
- Insurance industry: Accurate vehicle value prediction can assist in determining insurance premiums and claims.
- Fleet management: Predicting the value of a fleet of vehicles can aid in financial planning and decision-making.
Problems Solved
- Uncertainty in vehicle value: The device provides a method to predict the value of a vehicle over time, reducing uncertainty for buyers, sellers, and other stakeholders.
- Lack of accurate predictions: By considering various aspects of the vehicle's value, the device aims to provide more accurate predictions compared to traditional methods.
Benefits
- Informed decision-making: The device enables buyers, sellers, and other stakeholders to make more informed decisions based on predicted vehicle values.
- Financial planning: Fleet managers and other stakeholders can better plan and manage their finances by predicting the value of their vehicles.
- Risk mitigation: Accurate vehicle value predictions can help mitigate risks associated with buying, selling, or insuring vehicles.
Original Abstract Submitted
A vehicle value prediction device includes: a vehicle information value calculation unit calculating a time-series change in vehicle information; an equipment value calculation unit calculating a time-series change in equipment value; an engine value calculation unit that calculates a time-series change in engine value; a skeleton value calculation unit that calculates a time-series change in skeleton value; an exterior value calculation unit that calculates a time-series change in exterior value; an interior value calculation unit that calculates a time-series change in interior value; a vehicle value calculation unit that calculates a time-series change in vehicle value by integrating time-series changes in vehicle information value, equipment value, engine value, skeleton value, exterior value, and interior value from a purchase time of a vehicle to present; and a vehicle value prediction unit that calculates a vehicle value of a predetermined period destination based on the time-series change in vehicle value.
