Experian Automotive selects NADA Used Car Guide vehicle valuation data for AutoCount® for lenders
New data provides insight into auto loan to value by region, risk tier, make and model
Schaumburg, Ill., Oct. 12, 2010 — Experian Automotive today announced it has selected NADA Used Car Guide vehicle valuation data for its AutoCount® market share reporting for lenders. AutoCount provides automotive retailers and lenders with insight into average vehicle value and loan-to-value by region, risk tier, make, model and other key indicators. The accuracy of NADA’s values will allow automotive retailers and lenders to better understand their local marketplace and identify unique lending patterns among car buyers in different risk tiers.
“Finding credit for car buyers is one of the most important challenges facing automotive retailers today,” said Scott Waldron, president of Experian Automotive. “Providing vehicle valuation data from a trusted source and industry leader such as NADA Used Car Guide is a significant advantage for our customers. Moreover, adding the loan-to-value information to the AutoCount® Risk Report will help lenders and retailers better understand the unique characteristics of their market and their brands and will help drive lending programs that ultimately will drive vehicle sales.”
The AutoCount Risk Report will now include NADA vehicle values and market share information, which will help users understand:
• How consumer finance patterns change and vary by marketplace
• Insight into the average vehicle values between makes, models, markets, lenders and dealers
• The differences in the values financed between markets
• How lending varies by loan-to-value and risk scores
• How loan characteristics vary by loan-to-value
“Including the trusted NADA used vehicle values in the Experian Automotive AutoCount Risk Report is an important step forward for the lending and automotive industries,” said Mike Stanton, vice president and COO of NADA Used Car Guide. “We are excited to expand our relationship with one of the industry’s most respected leaders to bring this important information and expertise to lenders and automotive retailers.”
Contacts:
Roslyn Whitehurst
Experian Public Relations
1 714 830 5578
roslyn.whitehurst@experian.com
Jeff Beddow
NADA Used Car Guide
1 703 304 8117
jbeddow@NADA.org
About NADA Used Car Guide
Over a 77-year history, NADA Used Car Guide has earned its reputation as the leading provider of market-reflective vehicle valuation products, services and information to businesses throughout the U.S. and worldwide. NADA’s editorial team collects and analyzes over one million combined wholesale and retail automotive-related transaction prices per month. Its guidebooks, auction data, analysis, and data solutions offer automotive, financial, insurance, and government professionals the timely information and reliable solutions they need to make better business decisions. Visit www.nada.com/b2b.
About Experian Automotive
Experian Automotive, a part of Experian, delivers information services to manufacturers, dealers, finance and insurance companies, and consumers. Experian® helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing more than 625 million vehicles, along with Experian’s credit, consumer and business information assets, meets the industry’s growing demand for an integrated information source. Experian’s advanced decision support services help clients turn this information into improved business results. Experian technology supports top automotive businesses, including eBay Motors, CarsDirect.com, CarMax and NADAguides.com. For more information on Experian Automotive and its suite of services, visit our Website at http://www.experianautomotive.com.
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2010, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.