Banc of California has patented a tool for creating and sharing vehicle offers by matching manufacturer incentives and dealership inventory data. The method involves selecting a vehicle, choosing incentives, and publishing the offer to a specific target audience. GlobalData’s report on Banc of California gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Banc of California, was a key innovation area identified from patents. Banc of California's grant share as of February 2024 was 100%. Grant share is based on the ratio of number of grants to total number of patents.
Generating and publishing vehicle offers based on manufacturer incentives
A recently granted patent (Publication Number: US11869029B2) outlines a method implemented by at least one hardware processor for streamlining the process of generating offers for vehicles at a dealership. The method involves receiving incentives from a vehicle manufacturer, inventory data from the dealership, and using a graphical user interface to select a vehicle, determine incentives, and generate an offer. The system also incorporates machine learning to tailor the offer based on selected incentives and publication destinations chosen by the dealership user. Once the offer is accepted, the system allows for audience settings to target specific demographics and publishes the offer accordingly.
Furthermore, the patent details a system and a non-transitory computer-readable medium that execute similar functions as the method described above. The system includes processors and memory to receive incentives and inventory data, generate offers, and facilitate the publication of these offers based on user-selected incentives and audience settings. The non-transitory computer-readable medium contains instructions for the hardware processor to carry out the steps of receiving data, generating offers, and publishing them to target audiences. Overall, the patent aims to enhance the efficiency and customization of generating offers for vehicles at dealerships by leveraging data, incentives, and machine learning to tailor offers and reach specific audiences effectively.
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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.
