Glossary

Every term NextComp uses, defined concretely with the mechanism it points to. Tagged with schema.org DefinedTerm so AI answer engines can cite specific definitions directly.

Authenticity score

0–100 trust score on a BaT auction outcome.

A 0–100 score we attach to every BaT auction sale measuring how likely the outcome reflects a real arm's-length transaction. Starts at 100 and subtracts for known noise patterns: Reserve Not Met (-30), retail relist at a premium (-25 to -35), self-dealt outcomes (-40), low bidder diversity (-20), top-bidder concentration (-15), and a few smaller signals. Each contributing factor is named in the tooltip on /bat.

Auction-flip score

Per-dealer measure of buying from auctions and reselling at retail.

A per-dealer scorecard derived from the relist_linkages table: n_active_sourced (active inventory traced to a recent auction), median relist premium over the auction close, median time-to-relist, and stale-share (sourced listings ≥60d on lot). No black-box rollup — each metric stands alone on the dealer page.

Bidder-seller cluster

Anomaly flag — repeat bidder against the same seller.

Fires when an auction's top bidder has bid on ≥3 of the seller's auctions historically. Indicates a network conflict-of-interest pattern even when winner ≠ seller. Persisted in auction_anomaly_flags; downweights authenticity by 15 points.

Confidence-adjusted price

Median ask discounted by expected reduction share × median cut size.

When BaT median sold prices aren't available, the fair-value anchor falls back to the dealer-median ask discounted by the share of inventory we've observed cutting × the median cut percentage. Shown alongside median ask and hedonic-fair in the Pricing Compass.

Days on Market (DOM)

Days a listing has been live since first observed.

Days between today and the listing's first_seen timestamp in our snapshot history. Used as the x-axis for stale-inventory analysis and as a denominator for cut-velocity metrics (cut $/day).

Hedonic residual

Spec-aware price gap vs the model cohort.

Per-model OLS regression of log-price against mileage, age, and key spec flags. The residual is each listing's ask minus what the model predicts for its spec. Standardized to a z-score so positive = priced over the spec-aware fair value, negative = priced below.

Listing dominance

Anomaly flag — single bidder ≥40% of all bids.

Fires when one bidder placed ≥40% of all bids on an auction with ≥6 total bids. Indicates the auction was thin even if the top-line bid count looks healthy. Persisted in auction_anomaly_flags.

Market state

Per-trim Heating / Stable / Softening label.

Per-filter sentiment composite derived from price trend slope, inventory delta, cut share, and sell-through. Each component is scored in [-1, +1] and averaged. Activates only when ≥7 distinct snapshot days have been observed.

Post-auction outcome

Auction → retail relist trail under a listing.

An inline trail badge on active listings indicating the same VIN sold or RNM'd on BaT or Cars & Bids within the last year, with gap-days and dealer markup. Sourced from the relist_linkages table.

Relist linkage

VIN-matched auction → retail pair.

A row in the relist_linkages table tying a (auction_source, auction_id) to a (retail_listing_id) when the same VIN appears on both within 0–365 days. Stores gap_days, markup_pct, and matched_via='vin'.

Reserve Not Met (RNM)

Auction ended without meeting the seller's reserve.

Bring a Trailer and Cars & Bids status indicating the high bid didn't clear the seller's hidden reserve. The price shown is the bid the market refused — NOT a clearing transaction. Authenticity scoring downweights RNM rows by 30 points.

Self-dealt

Anomaly flag — winner = seller on the same auction.

Strongest anti-clearing signal: the winning bid was placed by the same username as the seller. Cars don't sell when the seller is the buyer. Authenticity scoring subtracts 40 points.

Should-I-act-now verdict

Per-model buyer recommendation: Buy now / Negotiate / Wait / Patient buyer / Hold off.

Synthesized from market_state, cuts_share, sell_through, ask-vs-BaT, and inventory direction. Verdict is computed independently from confidence so thin-data models still get a recommendation alongside a clearly-labeled confidence chip.

Trust flag (dealer)

Named behavior signal lowering market_trust.

One of: repeat-relist (0.30 weight), price-anchoring (0.25), stale (0.20), volatile-pricing (0.15), aggressive-cutter (0.10). Market trust = 1 − sum of triggered flag weights. Each flag has a detail string explaining why it fired.

Related: Methodology (formulas + confidence rules) · How it works · Features.