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J.D. Power and Associates Announces Collaboration with Compete To Offer New Intelligence on the Automotive Shopping Behaviors of Vehicle Buyers
First Product of Collaboration to Be Released on March 3
Westlake
Village, Calif. - 12 February 2009 -- J.D. Power
and Associates has formed an agreement with Compete, a TNS Media
company, to jointly develop valuable products based on market
intelligence gathered on the online automotive shopping and buying
process.
The J.D. Power and Associates/Compete products will be designed to
offer auto marketers and their agencies and publishers
never-before-seen intelligence about consumers and their automotive
shopping habits. Data will be collected on actual vehicle buyers,
rather than online automotive shoppers or Web site visitors who may not
make a purchase. In particular, the jointly developed products are
intended to assist marketers with understanding the shopping funnel and
to help them to plan media buys and to target and intercept key
prospects.
“The expertise that J.D. Power and Associates and Compete
each bring to this relationship will yield a wealth of new information
and actionable recommendations that will be particularly valuable in
targeting new-vehicle buyers,” said Gene Cameron, vice
president of marketing and media solutions at J.D. Power and
Associates. “By linking J.D. Power and Associates’
unique abilities in automotive research and in analyzing automotive
buyer metrics with Compete’s industry-leading ability to
analyze consumer online behavior, together our organizations will
deliver innovative new tools and products to assist automakers gauge
return on marketing investment.”
The first product arising from the collaboration—the Online
Media Behavior Study—will be released on Tuesday, March 3.
The Online Media Behavior Study is a media planning tool that
identifies which Web sites are visited by prospective new vehicle
buyers during the previous month. It provides media planners
with near real-time reporting on automotive buyer online visitation
across thousands of Web sites. This tool will allow media planners to
find Web sites with the greatest reach among actual new-vehicle
prospective buyers, analyzed by competitive vehicle segment, which is
information no other media planning tool has ever been able to offer.
Other metrics for engagement such as average time spent per
visit/visitor and bounce rate will also be included. Plans are for the
Online Media Behavior Study to be updated monthly and to be delivered
within five weeks after the close of a month.
“In today’s challenging economy, understanding the
behavior of automotive buyers is not just nice to have—it is
business critical,” said Skip Streets, executive director of
sales, automotive, at Compete. “This new Compete
alliance with J.D. Power and Associates empowers marketers to put the
right message in front of the right audience at the right
time.”
About Compete
Compete, a unit of TNS Media, helps the world’s
top brands improve their marketing based on the online behavior of
millions of consumers. Leading marketers such as Carlson Hotels
Worldwide, Hyundai Motor America, Upromise, Chrysler, and Verizon
Wireless rely on Compete's services to create effective online
experiences and highly profitable advertising campaigns.
Compete’s online behavior database—the largest in
the industry—makes the web as ingrained in marketing as it is
in people’s lives.
Compete was founded in 2000 and is located in Boston, MA, with offices
throughout the U.S. For more information about us, please
visit http://www.competeinc.com/, or to join the conversation visit
http://www.compete.com/.
About TNS media
Established in more than 30 countries, TNS Media explores
all the media—print, radio, TV, Internet, social media,
cinema and outdoors worldwide, 24 hours a day, seven days a week, and
offers a full range of insights, analyses and audience measurement
services.
TNS Media combines the deepest expertise in the industry to provide
media and marketing intelligence including advertising expenditure
monitoring, advertising creation monitoring, audience measurement,
market influence analytics, online consumer behavior tracking, news
monitoring, sports sponsorship evaluation and more. The TNS
Media companies track more than 3 million brands and provide vital
market intelligence to 16,000 customers in the world. http://www.tnsmediagroup.com
About J.D. Power and
Associates
Headquartered in Westlake Village, Calif., J.D. Power and
Associates is a global marketing information services company operating
in key business sectors including market research, forecasting,
performance improvement, training and customer satisfaction.
The company’s quality and satisfaction measurements are based
on responses from millions of consumers annually. J.D. Power and
Associates is a business unit of The McGraw-Hill Companies.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a
leading global information services provider meeting worldwide needs in
the financial services, education and business information markets
through leading brands such as Standard & Poor’s,
McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in 2008
were $6.4 billion. Additional information is available at http://www.mcgraw-hill.com.
Media Relations
Contacts:
Syvetril Perryman; J.D. Power and Associates; Westlake Village, Calif.;
(805) 418-8103; media.relations@jdpa.com
Sarah Ellis; Compete Media; Boston, MA; (617) 275-6546; sellis@greenoughcom.com
No advertising or other promotional use can be made of the
information in this release without the express prior written consent
of J.D. Power and Associates. www.jdpower.com/corporate
All logos,
company and product names may be trademarks or registered trademarks of
their respective owners.
