TORONTO--(EON: Enhanced Online News)--ALG, the benchmark for forecasting future vehicle values, announced winners of its 9th annual Canadian Residual Value Awards, with Subaru and Land Rover taking top honours for Mainstream Brand and Premium Brand, respectively.
“And with vehicle leasing on the rise, resale values have never been more important to both consumers and automakers.”
ALG’s Canadian Residual Value Awards (RVA) recognize vehicles in 27 segments, ranging from City Car to Fullsize Commercial Van, that are forecast to retain the highest percentage of their Manufacturer’s Suggested Retail Price (MSRP) after a four-year period for Mainstream brands and three-year period for Premium brands.
This year’s recipients were chosen from 2017 model year vehicles that have outperformed their competitors and are forecasted to offer superior value in their competitive segments. The awards will be presented to automakers this week ahead of the Toronto Auto Show.
“Residual values are a key indicator of the overall market success and health of a vehicle and brand,” said Jim Nguyen, president of ALG. “And with vehicle leasing on the rise, resale values have never been more important to both consumers and automakers.”
Subaru earned the top Mainstream brand award for the second consecutive year, taking home a total of four segment awards including the reigning Subaru Outback in the Midsize Utility (2 Row) segment. Consistent product execution and practical sales strategies have resulted in back-to-back Residual Value Award wins for Subaru among Mainstream Brands.
Land Rover’s top ranking among Premium manufacturers is its third consecutive win. The British utility brand continues to see record demand in both the new and used markets, far outstripping available supply. Strong transaction prices on the new side enhances resale performance as consumers queue up for the sleek and modern new designs with the luxurious image that comes with it.
Among Mainstream brands, Toyota earned a total of six segment awards. Most notable are the Tundra pickup truck’s 8th and the Tacoma’s 7th consecutive straight RVA award representing Toyota’s strong reputation for quality, durability and reliability. Honda received segment awards for four of its models, including the Honda Odyssey which boasts innovative technologies in the minivan segment.
Below is the full list of 2017 Canadian RVA winners:
|Premium Brand||Land Rover|
RVA Mainstream Segment
|City Car||Nissan Micra|
|Subcompact Car||Honda Fit|
|Compact Car||Subaru Impreza|
|Midsize Car||Honda Accord|
|Fullsize Car||Nissan Maxima|
|Sports Car||Subaru WRX|
|Alt-Fuel Vehicle||Toyota Prius V|
|Subcompact Utility Vehicle||Subaru Crosstrek|
|Compact Utility Vehicle||Honda CR-V|
|Midsize Utility Vehicle - 2 Row||Subaru Outback|
|Midsize Utility Vehicle - 3 Row||Toyota Highlander|
|Fullsize Utility Vehicle||Toyota Sequoia|
|Off-Road Utility Vehicle||Toyota 4Runner|
|Midsize Pickup||Toyota Tacoma|
|Fullsize Pickup||Toyota Tundra|
|Midsize Commercial Van||Ford Transit Connect|
|Fullsize Commercial Van||Mercedes-Benz Sprinter|
RVA Premium Segment
|Premium Compact Car||Mini Cooper|
|Premium Midsize Car||Audi A5|
|Premium Fullsize Car||Volvo V90|
|Premium Executive Car||Porsche Panamera|
|Premium Sports Car||Porsche 718 Boxster|
|Premium Compact Utility Vehicle||Mercedes-Benz GLC Class|
|Premium Midsize Utility Vehicle – 2 Row||Land Rover Ranger Rover Sport|
|Premium Midsize Utility Vehicle – 3 Row||Volvo XC90|
|Premium Fullsize Utility Vehicle||Mercedes-Benz G Class|
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 has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981. 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.
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