Subaru, Land Rover Win Overall Brand Honors in 19th Annual ALG Residual Value Awards
SANTA MONICA, Calif., Nov. 26, 2018 /PRNewswire/ -- ALG, the benchmark for forecasting future vehicle values, and the analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE) today announced the winners of the 2019 Residual Value Awards (RVA), ranking Subaru and Land Rover as the top Mainstream Brand and Premium Brand, respectively.
The prestigious ALG Residual Value Awards recognize vehicles in 26 segments that are projected to hold 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 2019 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 ultimate scorecard for the holistic health of a brand, showcasing the successful management of new vehicle transaction prices and incentives against used vehicle values and remarketing strategies," said Eric Lyman, SVP of ALG. "In this regard, Subaru and Land Rover continue to run the table against the competition, not only taking home the brand award, but nearly sweeping the segment awards across their vehicle line ups in the 2019 ALG Residual Value Awards."
Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.
Below is the full list of 2019 RVA winners:
RVA Overall
Brand
Mainstream
Subaru
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Premium
Land Rover
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RVA Segment
Model
Electric
Jaguar I-Pace
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Compact
Subaru Impreza
Compact Utility
Subaru Forester
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Fullsize
Dodge Charger
Fullsize Commercial Mercedes-Benz Sprinter
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Fullsize Pickup
Toyota Tundra
Fullsize Utility
Toyota Sequoia
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Midsize
Honda Accord
Midsize Commercial
Mercedes-Benz Metris
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Midsize Pickup
Toyota Tacoma
Midsize Utility 2nd Row Seating
Subaru Outback
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Midsize Utility 3rd Row Seating
Honda Pilot
Minivan
Honda Odyssey
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Off-Road Utility
Jeep Wrangler
Premium Compact
Audi A3
---
Premium Compact Utility Land Rover Discovery Sport
Premium Executive
Lexus LS
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Premium Fullsize
Volvo V90
Premium Fullsize Utility Land Rover Range Rover
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Premium Midsize
Lexus RC
Premium Midsize Utility 2nd Row
Seating Land Rover Range Rover Sport
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Premium Midsize Utility 3rd Row
Seating
Land Rover Discovery
Premium Sportscar
Nissan GT-R
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Sportscar
Subaru WRX
Subcompact
Honda FIT
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Subcompact Utility
Subaru Crosstrek
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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 industry 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.
Contact
pressinquiries@truecar.com
Veronica Cardenas
424-258-8427
VCardenas@truecar.com
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SOURCE ALG
