By Andrew Thurlow, Crain News Service
WESTLAKE VILLAGE, Calif. (April 24, 2014) — J.D. Power and Associates is acquiring analytics company Korrelate Inc. in a move to measure and track consumer online shopping behavior and purchase trends better, Power said April 23.
Korrelate provides data to advertising agencies, advertisers, media partners, data syndicators and publishers that analyzes and correlates online shopping behavior with purchase data.
Combining Korrelate’s data with J.D. Power’s Information Network, which measures data on new- and used-vehicle retail transactions, the company “will be able to identify which websites and ad campaigns shoppers are exposed to before they buy their vehicle,” J.D. Power said in a statement.
Financial terms of the deal were not disclosed.
The move will create an “unparalleled data and analytics platform to measure the effectiveness of digital advertising spending,” Westlake Village-based Power said.
“The auto industry spends billions of dollars annually on digital marketing,” J.D. Power President Finbarr O’Neill said in a statement. “Measuring online activity and linking it to actual vehicle sales will enable marketers to measure and optimize their digital strategy.”
The acquisition of Korrelate, based in Orlando, Fla., will also help ad networks and online publishers accurately report the effectiveness of online ads.
“Offline sales measurement is the future of the automotive industry’s efforts to measure the success of online campaigns,” Christian Kugel, vice president of consumer research and analytics at AOL, a Korrelate client, said in a statement.
This report appeared on autonews.com, website of Automotive News, a Detroit-based sister publication of Tire Business.
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|