Doctor of law? Dave, President and CEO of Power Company? Habiger said: "ALG has been a reliable data provider for more than 50 years, providing accurate and reliable vehicle residual value prediction for the automotive industry. Doctor of law? Power has core data assets, evaluation experts and analysis models, and the addition of ALG will empower J.D.? Electricity provides customers with far-reaching value. "
About one-third of the new cars sold in the American auto market every year are digested by renting a car, which usually takes three years. Car rental is quite mature and has formed a scale in the American market. Residual value prediction is the basis of car rental, so it is very important for car manufacturers and financial companies to accurately predict the value of vehicles at the end of the lease period.
During the lease period, many variables will affect the actual residual value of the vehicle, such as mileage, quality/reliability, configuration, climate, macroeconomic environment and so on. In order to predict the vehicle residual value more accurately, it is necessary to consider various potential influencing factors. Therefore, the deeper and more detailed understanding of each influencing factor, the more likely it is for automobile manufacturers and lessors to maximize profits. Doctor of law? The combination of Power's professional ability and data with ALG's rich experience in residual value prediction will make the vehicle residual value prediction after the lease period more accurate.
Mike, President and CEO of TrueCar? The legal hero said: "After carefully considering many options and potential partners, sell ALG to J.D.? Motivation is undoubtedly the best choice. Doctor of law? Power not only has a perfect business structure, but also is the absolute authority and the most trustworthy brand in the automobile industry. Doctor of law? The long-term and stable cooperative relationship established by Power with customers and the good image established in the hearts of consumers will help ALG achieve greater development. "
With China auto market officially switching to inventory mode, auto companies pay more attention to the hedge ratio. As a differentiated selling point of new car sales and a reference factor of used car trading, the hedge ratio has important research significance. Extending to the whole automobile value chain, the hedge ratio has important reference value for product planning, new car pricing, brand marketing, sales support, product quality, financial and insurance product design, used car business and so on.
In China, J.D.? Power gives full play to the advantages of localization. Based on the mature hedging ratio model that has been commercialized in the United States for many years, it introduces a large number of used car houses, closed-loop transaction data and new car data resources from local partners, completes the localization improvement and verification of the model, and publishes the three-year hedging ratio rankings of different market segments based on the model statistics and forecast results, providing timely and insightful market analysis for promoting the sales of new cars and used cars.
In addition to regularly publishing the "Research Report on China Automobile Insurance Rate", in order to meet the monitoring, diagnosis and analysis needs of automobile brands on insurance rate, J.D.? Power also established a diagnostic model of hedging rate suitable for China automobile market.
Doctor of law? Diagnostic service of power hedging rate
Doctor of law? The diagnostic model of hedging rate of electric power is established by putting its own? "Voice of customers"? Data and other quantitative information are combined with the hedging rate data to comprehensively analyze the main reasons that affect the hedging rate. This model helps to clarify the internal and external factors that affect the hedging rate, find the gap between itself and competitive products, accurately identify the key factors that affect the hedging rate, prescribe the right medicine, nip in the bud, and better support the development of core business.
With the introduction of more advanced research methods in the future, J.D.? Power will continue to expand its ability to predict vehicle value and vehicle residual value, and provide data support for new cars and used cars of car companies.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.