J.D. Power Helps Businesses Leap Over “Data Bar” With VIN Values
J.D. Power, the global leader in data analytics and consumer intelligence, today unveiled J.D. Power VIN Values, a unique product designed to significantly improve the vehicle valuation process and eliminate financial blind spots by using a Vehicle Identification Number (VIN) to precisely determine the correct trim level and factory-installed options.
J.D. Power leverages its multiple data assets and alliances to quickly gather trim, options and purchase history simply by inputting a 17-digit VIN.
The financial implications are significant. For example, a portfolio of 100,000 vehicles that uses a standard VIN decoding process could have a valuation margin error between 6% and 13%, resulting in an adjustment of $25-35 million. J.D. Power VIN Values product can eliminate this costly margin and provide users with an unmatched level of accuracy on any vehicle.