Completing its purchase today of ALG from TrueCar, Inc., J.D. Power will dramatically broaden its vision of automotive residual value forecasting, especially important as the industry prepares to launch a wave of new electric vehicle (EV) models and pushes toward increased vehicle automation and other emerging technologies.
“As the automotive industry continues to face several technological, environmental and economic factors, the significance of what ALG brings to J.D. Power data and analytics capabilities provides additive value to our clients,” said Dave Habiger, president and CEO, J.D. Power.
Looking to the future, the combination of ALG’s expertise in residual values with J.D. Power’s wide range of data and analytics on market performance values and individual vehicle configurations will become increasingly valuable as the electric vehicle segment continues to grow.
Read the press release at J.D. Power.