J.D. Power buys NADA Used Car Guide

J.D. Power buys NADA Used Car Guide

J.D. Power will acquire NADAês Used Car Guide business under an agreement announced by the two organizations. The deal is expected to close early in the third quarter of this year and is subject to review under a federal law.

Established by NADA in 1933, NADA Used Car Guide is widely recognized in the industry as the gold standard for accurate and comprehensive used-vehicle valuation information. The company will remain based in McLean, Va., where it serves more than 100,000 subscribing clients.

The agreement brings together the Power Information Network (PIN), which combines advanced analytics of new- and used-vehicle retail sales and pricing data, with the extensive knowledge, expertise and market presence of the NADA Used Car Guide. Under the terms of the deal, NADA members will continue to receive a subscription to the Guide as a membership benefit.

–NADA and J.D. Power will continue to build upon our longstanding alliance by sharing data and insights, and bringing together retailers and leaders from the automakers, suppliers and the media at co-hosted conferences and events, offering thought leadership and solutions directly benefiting the retailer network and overall automotive industry,” said Peter Welch, president of NADA.