Press Release J.D. Power
J.D. POWER VERIFIABLE AND UNBIASED U.S. AUTO MARKET DATA NOW AVAILABLE ON CarDr.com’s NEW SMARTPHONE VEHICLE APPRAISAL APP
Further Positions CarDr.com’s App As The Most Accurate and Comprehensive Dataset For Vehicle Valuations
CHICAGO – CarDr.com’s new smartphone Vehicle Appraisal App, the first to combine pricing AND OEM level On-board diagnostics (OBD) via a Bluetooth connection, announces its integration with J.D. Power data analytics and consumer intelligence. Globally, J.D. Power has cemented a reputation for professionally accumulating and analyzing data in consumers’ best interests by providing verifiable and unbiased information.
The relationship provides CarDr.com with the most accurate and comprehensive dataset for vehicle valuations, residual value forecasts, and insights on consumer preferences and experiences. It also enables used car dealers to accurately define the current and future value of a vehicle. CarDr.com will leverage J.D. Power vehicle and valuation data, coupled with advanced analytics, to ensure dealers have access to all-inclusive data.
CarDr.com Founder Parry Singh says, “J.D. Power real-time market report data further positions CarDr.com as a leader in instant auto appraisals and OEM level vehicle OBD diagnostics. The integration provides used car dealers with the most comprehensive smartphone-based service that exceeds in quality and accuracy of larger and more expensive OBD scanners.”
Many apps provide pricing OR diagnostics but CarDr.com is the first to offer both via Bluetooth with their patent-pending technology. The technology was created for car dealers, appraisers, wholesalers and inspectors to:
Detect VIN fraud with 100% accuracy and OBD trouble codes with 90+% accuracy
Deliver more than the OBD standard generic level code report so the fair value of a used vehicle can be estimated immediately at an auction of trade-in point
Reveal hidden OBD faults from the chassis and body modules (C and B codes) that can lead to significant sales margin erosion in used car purchases
These hidden codes can often cost more than $2,000 to correct
Features pocket-size OBD hardware
Create dynamic reports for each vehicle appraised, take photos, add appraisal notes and view previous appraisals
The vehicle appraisal report generated from the application has proven to be a valuable tool for automotive wholesalers to enable sales and track accountability within the dealership
About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies. J.D. Power has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business.
About CarDr.com, Inc.
CarDr.com is an automotive technology company that provides the auto industry’s leading software, hardware, and services for vehicle valuation and inspection. The product offerings include a Vehicle Appraisal system for Car Dealers. It also provides used Vehicle Inspection service for retail & corporate clients nationwide.
The company’s Vehicle Appraisal Application delivers original equipment manufacturer (OEM) level OBD diagnostic accuracy, delivered via a smartphone and pocket-sized Bluetooth On-board diagnostic (OBD) scanner. The Vehicle Appraisal app generates vehicle appraisal reports, reliability ratings, obd diagnostics, and fair market valuations within minutes. Launched in 2020, Chicago-based CarDr.com is backed by Red Fort Capital, a $1.2 billion private equity firm and S&P investment-grade finance company Parry Singh founded in 2003. To learn more, visit CarDr.com or call 1-800-932-1120.
Jessica Prah, Paramount Public Relations, 312-953-3257, firstname.lastname@example.org
Geno Effler, J.D. Power; 714-621-6224; email@example.com