Alliance delivers enhanced automotive finance pricing strategies to financial institutions; combines J.D. Power auto finance data with Nomis Solutions’ price optimization platform to facilitate more accurate market intelligence and pricing recommendations
Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, announced it has formed a strategic collaboration with J.D. Power, a global leader in data analytics and consumer intelligence, to deliver enhanced automotive financing price optimization to financial institutions throughout the United States and Canada. Through this alliance, participating financial institutions can leverage the comprehensive automotive finance data from J.D. Power PIN Navigator in conjunction with the sophisticated Nomis Price Optimizer platform to further refine their automotive finance pricing strategies and improve their market position relative to competitors.
“Given the volatile sales environment, combined with an expectation of rising interest rates, the ability for banks, captives, credit unions, and independents to make accurate and competitive auto financing offers, while simultaneously maintaining profitability, has never been more critical than it is now,” explained Frank Rohde, CEO of Nomis Solutions. “Nomis Price Optimizer helps them do just that. Now paired with J.D. Power’s extensive auto finance dataset, this strategic collaboration positions our organizations to provide even further transparency into real-time, frontline pricing insights and actionable recommendations for today’s highly competitive auto lending market.”
Read the full story at NomisSolutions.com.