JD Power makes another purchase in the software space
Monday 06 June 2022, 14:15
Four days after the announcement of tail light purchase Automotive software company, JD Power shared another software acquisition on Monday.
This time, the company announced the purchase of We Predict, a UK provider of automotive warranty and service analysis software.
Using We Predict software, automakers and suppliers are able to assess future component failures in addition to future warranty claims and costs.
JD Power said it will use the software to upgrade its vehicle quality and reliability analyses, expand its repair cost forecasting and provide critical valuation data.
“Solid data and powerful analytics that help manufacturers, suppliers and consumers better predict future repair costs is a key link in the automotive industry‘s value chain that will only grow in importance as fleets of new electric vehicles will begin rolling off the assembly line,” JD Power President and CEO Dave Habiger said in a press release.
“By complementing our existing offerings with We Predict’s forecasting software, we will be able to provide a more comprehensive and detailed view of repair costs to better anticipate financial risk exposures,” he said.
We Predict CEO James Davies added: “JD Power pioneered the idea of using data and analytics to assess vehicle quality and reliability, so the opportunity to be part of this team and integrating our software and operational data into the offering is extremely exciting for everyone. of us at We Predict.
“Industry and consumers need accurate repair cost predictions more than ever and we look forward to being the leader in providing these solutions.”