J.D. Power Acquires Superior Integrated Auctions (SIA) to Expand Used Vehicle Marketplace Capabilities
Summary
“Inventory of high quality, front-line-ready, pre-owned vehicles is trending toward the lowest level in a decade, which is putting pressure on dealers to find vehicles when and where they need them without incurring huge upfront costs,” said Phillip Battista, president, dealership technologies and head of modern retailing at J.D. Power Marketplace capabilities, we’re giving manufacturers, dealers and other key players the ability to take control of their inventory management process, bypassing expensive auction fees and cumbersome vehicle acquisition processes along the way.” In addition to core online vehicle sales, auction and inventory capabilities, the J.D. “By combining our strengths in digital sales and all aspects of vehicle data, we’re creating the ultimate one-stop shop for pre-owned inventory management,” said Jeremie Beckner, COO of Superior Integrated Auctions. “It’s an opportunity to keep working on an initiative that can address some serious pain points in the automobile industry.” SIA’s senior leadership and all its employees will become part of the J.D. Power leverages its extensive proprietary datasets and software capabilities combined with advanced analytics and artificial intelligence tools to help its clients optimize business performance.