LAS VEGAS, NV
– The NADA. Official Used Car Guide Company (NADA.), data supplier of used vehicle values, announced at the Auto Finance Summit in Las Vegas that it has formed a strategic partnership with RVI Analytical Services (RVI) of Stamford, CT. RVI provides residual value insurance in the financial, credit union and fleet/lease industries. “This partnership gives both NADA and RVI the opportunity to offer their clients additional data sets that can help them mitigate risk,” said Mike Stanton, vice president, NADA. “By leveraging our combined intellectual capital and technological experience, we can now offer all our customers cutting-edge applications that combine both used and residual values, something that is currently not available in the market.”
“The benefit to the industry will be extremely precise and more timely portfolio evaluation, and that’s just to start with,” said Philip Sampieri, vice president, passenger vehicle division, RVI.