TrueCar. has filed a patent for a vehicle sales matching system that utilizes validated customer data and third-party customer data to match vehicle sales leads with sales data from dealers and other sources. The system applies matching rules to facilitate efficient sales matching. GlobalData’s report on TrueCar gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on TrueCar, Dynamic premium pricing was a key innovation area identified from patents. TrueCar's grant share as of January 2024 was 56%. Grant share is based on the ratio of number of grants to total number of patents.

Vehicle sales matching system with lead and sales databases

Source: United States Patent and Trademark Office (USPTO). Credit: TrueCar Inc

The patent application (Publication Number: US20240029125A1) describes a method and system for linking website visitors with vehicle sales by receiving customer data, selecting a dealer, and matching sales information with user activities. The method involves receiving customer data from a website visitor, generating customer lead data, selecting a dealer affiliated with the website, and matching sales information with user activities to identify if a sale is associated with the visitor. If a match is found, an output linking the visitor with the sale is generated. The system includes a processor, computer-readable medium, and stored instructions for performing the method. Additionally, third-party customer data can be appended, and individual confidence scores are generated to compare attributes of the visitor and the buyer.

Furthermore, the system and computer program product also involve appending third-party customer data, comparing cumulative scores of individual confidence scores, and automatically approving the amount for invoicing the selected dealer. The computer program product, stored on a non-transitory computer-readable medium, allows for receiving customer data, selecting a dealer, matching sales information with user activities, and generating an output linking the visitor with the sale. The method and system aim to streamline the process of connecting website visitors with vehicle sales by leveraging customer data, user activities, and dealer information to facilitate successful transactions and improve the overall customer experience on the website.

To know more about GlobalData’s detailed insights on TrueCar, buy the report here.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.