J.D. Power completed its acquisition of NADA's Used Car Guide on July 1, an investment that brings together Power Information Network (PIN) from J.D. Power, which combines advanced analytics of new- and used-vehicle retail sales and pricing data, with the extensive knowledge, expertise and market presence of the NADA Used Car Guide. The acquisition was announced May 28.
"The acquisition of NADA Use Car Guide expands J.D. Power's analytical and modeling capabilities, deepening its presence in auto finance and auto insurance, and enriching retail solutions," said Douglas L. Peterson, president and chief executive officer of McGraw Hill Financial. "J.D. Power's impressive breadth of automotive benchmarking, and analytical and advisory services, ideally positions it to create unique market intelligence with unparalleled value by combining NADA used-car analytics with PIN's extensive new-car retail and pricing capabilities."
J.D. Power is a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions, and a division of McGraw Hill Financial.
Established by NADA in 1933, NADA Used Car Guide is a leading provider of U.S. retail, loan, trade-in and auction used-vehicle values, and is widely recognized in the industry as the authority for accurate and comprehensive used-vehicle valuation information. Part of J.D. Power's automotive operations, NADA Used Car Guide will continue to serve its more than 100,000 subscribing clients, including retailers, financial institutions, insurers and software providers, under the day-to-day leadership of Mike Stanton, vice president and chief operating officer of the NADA Used Car Guide.
"NADA Used Car Guide, with its vehicle valuation capabilities and analytical solutions, is a perfect complement to PIN's expertise in new- and used- vehicle retail and pricing services," said Finbarr O'Neill, president of J.D. Power. "The Guide's high integrity and unbiased approach to used-vehicle values, analytics and insights fits perfectly with J.D. Power's reputation as a trusted advisor to the automotive industry."