NADA ANALYTICAL SERVICE GROUP AND RVIAS TEAM ON FORECASTING TOOL

Banking on new tool: finance industry

February 5, 2007—Industry leaders NADA Analytical Services Group (formerly the N.A.D.A. Official Used Car Guide Co.) and RVI Analytical Services (RVIAS) have joined together to create Portfolio Online, a new and unique forecasting tool primarily for the leasing and banking industry.

The Web-based service will offer NADA’s trade-in, loan, and retail used-vehicle valuations, combined with RVIAS’s future forecast and wholesale values at lease-end, based on the VIN plus analytical estimates on the likelihood of full-term lease returns.

Portfolio Online offers up reports by make and model as well as info to help improve management processes, strategic planning, and auditing. It also provides for accurate used-vehicle valuations and expected end-of-term values, making it a complete single source for lease portfolio tracking and transactions.

“It seems a natural fit for NADA Analytical Services Group to partner with RVI,” said its vice president and chief operating officer, Mike Stanton. “Our vehicle values are the most market-reflective available across the entire used-vehicle valuation industry and, when paired with RVI’s renowned residual experience, provide something that has been missing so far.”

According to the Portfolio Online group, this is just a first step: With enhancements, the product is expected to accommodate the needs of loan, fleet, rental, and dealer industries, as well as government taxing authorities. The product will also be offered to remarketing firms, rating agencies, and independent leasing companies.