JD Power acquires Autovista Group
Data analytics leader JD Power has announced it will acquire Autovista Group.
Autovista Group is a pan-European and Australian automotive data, analytics and industry insights provider.
The acquisition complements JD Power’s strengths in vehicle valuation and detailed vehicle specification data and analytics while broadening its footprint into the European and Australian automotive markets.
Dave Habiger, president and CEO at JD Power, said: “Precise vehicle valuations and detailed vehicle specifications are the central underpinning to every data-driven strategy in the automotive industry—from optimising vehicle production to calculating residual values to all manner of insurance—and finance-related risk assessment and repair models.
“Additionally, as US consumers increasingly adopt the European model of configuring and ordering a custom vehicle specification, Autovista’s detailed, vehicle-specific data and analytics will give OEMs critical information they need to navigate this change in consumer behaviour. We are excited for the Autovista team to join JD Power and for the future growth opportunities we will pursue together.”
Lindsey Roberts, CEO at Autovista, said: “The global automobile industry is undergoing a historic transformation in which an ever-increasing array of models and fuel types, volatile swings in used car values and lingering supply chain challenges are making it more difficult than ever to project future value and understand total cost of ownership. By pairing with JD Power, we are creating the truly global solution the industry needs to manage through this period of radical change.”
