Land Rover, Subaru win top overall brand honors in ALG's 18th annual Residual Value Awards
SANTA MONICA, Calif., Nov. 27, 2017 /PRNewswire/ -- ALG, the benchmark for forecasting future vehicle values and the analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE), announced the winners of the 2018 Residual Value Awards, ranking Land Rover and Subaru as the top Premium Brand and Mainstream Brand, respectively.
ALG's Residual Value Awards (RVA) recognize vehicles in 26 segments that are forecast to retain the highest percentage of their Manufacturer's Suggested Retail Price (MSRP) after a three-year period. This year's recipients have shown strong value in their competitive segments, and were chosen from all 2018 model year vehicles on sale in the United States in the Premium and Mainstream segments. The awards will be presented to automakers this week at Automobility LA.
"Strong residual values are the bedrock of successful brands. A vehicle's ability to retain its value over time is an important consideration for consumers looking to purchase or lease a vehicle," said Jim Nguyen, president of ALG. "With vehicle leasing at near-record levels and headwinds for used vehicle values on the horizon, consumers can have confidence in their choice of a Residual Value Award winner for their next vehicle."
2018 will mark the fourth consecutive year that Land Rover will take home the Residual Value Award for Premium brands. Yet again, the distinguished British utility brand won an award in all four segments in which the brand competes, with the Range Rover Sport, Range Rover, Discovery and Discovery Sport winning the top spots.
Subaru also earned the top Mainstream brand award for the third consecutive year by garnering wins in five segments. Subaru's RVA winning streak continues as the brand maintains an enthusiastic and ever-growing customer base. Awards across sportscar, traditional passenger car and utility segments display the depth of the Subaru vehicle portfolio.
Below is the full list of 2018 RVA winners:
RVA Overall Brand
Premium Land Rover
Mainstream Subaru
RVA Segment Model
Mainstream Cars
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Alt-Fuel Kia Niro
Subcompact Honda FIT
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Compact Subaru Impreza
Midsize Honda Accord
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Fullsize Dodge Charger
Sportscar Subaru WRX
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Mainstream Utility
Subcompact Utility Subaru Crosstrek
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Compact Utility Subaru Forester
Midsize Utility 2nd Row Seating Subaru Outback
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Midsize Utility 3rd Row Seating Toyota Highlander
Fullsize Utility Toyota Sequioa
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Off-Road Utility Jeep Wrangler
Trucks
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Fullsize Pickup Toyota Tundra
Midsize Pickup Toyota Tacoma
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Premium Cars
Premium Compact Mercedes-Benz CLA Class
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Premium Midsize Audi Allroad
Premium Fullsize Genesis G80
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Premium Executive Lexus LS
Premium Sportscar Porsche 718 Cayman
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Premium Utility
Premium Compact Utility Land Rover Discovery Sport
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Premium Midsize Utility 2nd Row Seating Land Rover Range Rover Sport
Premium Midsize Utility 3rd Row Seating Land Rover Discovery
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Premium Fullsize Utility Land Rover Range Rover
Vans
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Minivan Honda Odyssey
Midsize Commercial Mercedes-Benz Metris
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Fullsize Commercial Mercedes-Benz Sprinter
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About ALG
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 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.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE) is a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience. TrueCar operates its own branded site and its nationwide network of more than 15,000 Certified Dealers also powers car-buying programs for some of the largest U.S. membership and service organizations, including USAA, AARP, American Express, AAA and Sam's Club. Over one half of all new car buyers engage with the TrueCar network during their purchasing process. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
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SOURCE ALG
