J.D. Power launches Residual Values product suite

By / 7 years ago / News / No Comments

J.D. Power has developed a new in-house Residual Values product suite.

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J.D. Power has expanded its Residual Value product suite.

The new resource draws on sales transaction data gathered by the Power Information Network (PIN) from J.D. Power; the J.D. Power/National Auto Auction Association AuctionNet service and proprietary J.D. Power Voice of the Customer data.

The product also incorporates data from J.D. Power’s Initial Quality Study (IQS); Vehicle Dependability Study (VDS); Automotive Performance, Execution and Layout (APEAL) Study; and Auto Avoider Study.

“We are launching this capability at a particularly important time for the industry as it deals with record levels of lease origination in an environment of declining used vehicle prices. Automakers—and their lenders—are looking for ways to accurately forecast and enhance the residual value of their vehicles because of its direct impact on both sales and profitability,” said Deirdre Borrego, senior vice president of data and analytics at J.D. Power.

Residual Values is the first all-new product introduced under the newly created Data & Analytics Division of J.D. Power, which will also include the J.D. Power Valuation Services, formerly known as NADA Used Car Guide, and the operations for PIN and Online-to-Offline (O2O) Digital Marketing Analytics.

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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