Wednesday, May 5, 2021

NXCR, J.D. Power In Strategic Alliance

Santa Monica-based NXCR ,the subscription vehicle startup led by auto- and startup-veteran Scott Painter, and auto analytics company J.D. Power announced on Wednesday that the two companies are in a strategic alliance, which will link J.D. Power's data solutions, vehicle valuations, and "consumer insights" into NXCR's vehicle subscription service. Financial details of the strategic alliance were not annouced. NXCR will use J.D. Power's data for comprehensive dataset for vehicle valuations, residual value forecasts and insights on consumer preferences and experiences, according to Painter. Scott Painter was the founder of TrueCar, CarsDirect, and Fair.com. NXCR quitely raised $30M in funding back in February.