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John Eager Tapped for N.A.D.A. Official Used Car Co.(R)

28 April 1999

John Eager Tapped for N.A.D.A. Official Used Car Co.(R)

    WASHINGTON, April 27 -- The N.A.D.A. Official Used Car
Guide(R) Company has retained longtime residual expert John Eager to develop
and launch its new residual predictive valuation product.
    N.A.D.A.'s new product, scheduled for release early in 2000, will predict
residual values through the terms of automotive leases. Both print and
electronic formats will be developed to address a wide range of customer
needs.
    "The recent upheaval in the residual market has clearly indicated a need
for a predictive product that has a solid foundation in a company with a
history of projecting authoritative, market-reflective vehicle values," said
Scott Lilja, N.A.D.A.'s executive director of the Official Used Car Guide
Company. "John Eager is certainly a recognized authority in residual
valuations. We are excited that John has chosen to join N.A.D.A. in creating
this much-needed valuation product."
    Eager was previously senior vice president of Lee & Mason, one of the
nation's largest residual value insurance companies, where he also oversaw
research and product development. Prior to joining Lee & Mason, Eager held a
number of positions with leading banking institutions.
    The N.A.D.A. Official Used Car Guide Co., founded in 1933, is a unit of
N.A.D.A. Services Corporation (NADASC), a for-profit subsidiary of N.A.D.A.
The N.A.D.A. Official Used Car Guide Company develops products and services
utilizing auction, wholesale and retail sales data to aid businesses in making
sound used transportation valuation decisions.
    The National Automobile Dealers Association represents more than 19,500
franchised new-car and -truck dealers holding nearly 40,000 separate
franchises, domestic and import.