TORONTO — ALG Inc. and Motoinsight today announced an agreement that will see existing ALG residual value products in Canada leverage Motoinsight’s market leading Canadian incentive data. This data will be used to further enhance ALGs existing suite of forecast and automotive insights solutions.
ALG Inc. is the industry benchmark for determining the future resale value of a vehicle. Motoinsight is the Canadian market leader for automotive data, technology and digital retailing solutions.
“ALG is a market leader in their field and we are truly excited to work with them,” said Radek Garbowski, President of Motoinsight. “Together we can provide a unique solution to OEMs, financial institutions and ultimately, consumers. Ensuring a high-degree of accuracy in the underlying data as well as residual value projections is imperative in today’s rapidly evolving landscape.”
Motoinsight’s market data combined with the strength of ALG’s forecasting solution will ensure accuracy when identifying and predicting current and future residual values in Canada.
“Motoinsight is an innovative market leader in the industry,” said Alain Nana-Sinkam, Vice President of Industry Solutions at ALG. “Leveraging Motoinsight’s tools will help ALG to continue to deliver world class comprehensive analysis and insights to our clients.”
About ALG Inc.
Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market industry insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.
Motoinsight’s flagship digital retailing platform MotoCommerce™ enables omni-channel and e-commerce enabled car buying experiences. Motoinsight data and technologies are used by nearly every automaker, over 900 dealership franchises and the largest banks and insurance companies. Across its portfolio of owned and partnered automotive websites, Motoinsight also has one of the largest audiences of in-market new vehicle buyers which include premier brands such as Unhaggle, Consumer Reports, Globe Drive, Driving.ca, Black Book and others. In 2017, Motoinsight was named one of Deloitte’s Technology Fast 50™ Companies and was listed number 26 on PROFIT 500’s ranking of Canada’s Fastest-Growing Companies. The company is headquartered in Toronto, Canada.