R. L. Polk & Co. Introduces Automotive Market Predictor
Polk Total Market Predictor(TM) Builds Showroom Traffic for OEMs and Dealers SOUTHFIELD, Mich., Jan. 29 -- R. L. Polk & Co. today announced the launch of Polk Total Market Predictor(TM) (Polk TMP). Polk TMP is the latest automotive information solutions product from the leader in Automotive Intelligence(TM), and will be featured at this weekend's National Automobile Dealers Association convention in San Francisco. Designed to drive highly qualified prospects into vehicle showrooms, Polk TMP enables OEMs and dealers to maximize the effectiveness of their marketing campaigns by reaching households most likely to be in the market for a new or used vehicle. Polk TMP also predicts the type of vehicles buyers will select and the purchase amount. Based on Polk's industry-leading nationwide automotive information database and other selected information, Polk TMP contains a series of highly sophisticated and predictive mathematical formulas and selections. This new Polk product ranks households on a scale of 1 (most likely) to 100 (least likely) to purchase a new car or truck and buy a specific vehicle type. Polk TMP also predicts how much consumers are likely to spend. Polk TMP further qualifies prospects by identifying households that are highly likely to own a particular brand or type of vehicle. Users may select from several categories including vehicle manufacturer, type, model year, market value, recency of purchase and more. Polk TMP is an especially effective alternative to the use of existing automotive registration data, which has been available but is aging everyday. "Polk TMP is able to provide the automotive industry with the most accurate and predictive information available anywhere," said Andrew Price, vice president, Polk Dealer Solutions. "This Polk proprietary product enables automakers and dealers to identify and reach potential markets for their products and services quickly and efficiently." Polk TMP may be combined with other Polk products to further enhance market selections or to statistically model trade areas. Both applications assist users in developing highly effective and cost efficient marketing campaigns while meeting all of the privacy requirements of the Driver's Privacy Protection Act and related legislation. Polk TMP will be showcased at NADA's 86th Annual Convention on February 1-4, 2003 at the Moscone Convention Center in San Francisco, Booth #4225. About R. L. Polk & Co. Polk has served the automotive industry for more than 80 years and is the longest standing curator of automobile records in the United States. Founded in Detroit in 1870, Polk launched its motor vehicle statistical operations in 1922 when the first car registration reports were published. The company now provides automotive solutions to nearly every segment of the motor vehicle industry as an analytical consultant and statistician, as a provider of database-marketing services, and as a supplier of vehicle histories. Based in Southfield, Mich., Polk is a privately held global firm, currently operating in Australia, Brazil, Canada, China, France, Germany, Japan, the Netherlands, Mexico, Spain, the United Kingdom and the United States.