ALG Announces 11th Annual Residual Value AwardsSEE ALSO: Total Ownership Cost Guide
SANTA BARBARA, Calif.--ALG, a subsidiary of DealerTrack Holdings, Inc. and the industry benchmark for residual values and depreciation data, today announced its 11th annual Residual Value Awards, honoring the vehicles in each segment that are predicted to retain the highest percentage of their original price after a conventional three-year period.
This year’s awards are based on 2010 model year vehicles. For the eighth year, ALG has also included awards for the brands with the highest overall predicted resale values among all mainstream and all luxury vehicles. The awards are derived after careful study of segment competition, historical vehicle performance and industry trends. The list of winners can be found on www.alg.com.
Subaru of America has won the Mainstream Brand Residual Value Award for the first time, jumping over perennially strong Honda. Subaru also received individual segment awards for the Forester in the Compact Utility Vehicle category and the Outback in the Midsize Utility Vehicle category.
“Subaru combines distinct product attributes, such as standard all-wheel drive and the wide use of turbo charged boxer engines, with a rugged but practical brand positioning to generate fierce loyalty among its buyers,” said James Clark, General Manager of ALG. “Subaru also has been restrained with incentives over the past year, and its three core models have all been recently redesigned, helping it to move from second place to first this year.”
Acura, a division of American Honda Motor Company, has won the Luxury Brand Residual Value Award for the second consecutive year.
Mr. Clark commented, “Acura has taken a different tack than most luxury brands, and its decision to stick with front-wheel drive platforms and smaller engines has served it well in the current uncertain times. Acura’s outstanding reliability, simple packaging schemes and value pricing with low incentive levels were major factors in its repeat finish at the top of the luxury market this year.”
Honda, the runner-up for the Mainstream Brand Residual Value Award, received three segment Residual Value Awards, for the Fit (Entry Compact Car); the Accord (Midsize Car); and the Odyssey (Minivan).
Toyota Motor Sales, USA also won three segment awards, for the Sequoia (Large Utility Vehicle); the Tacoma (Compact/Midsize Pickup); and the Prius (Hybrid/Alternative Powertrain). In addition, Toyota’s Lexus division – the runner-up for the Luxury Brand Residual Value Award – received two segment awards, for the Lexus LS (Luxury Car) and the Lexus RX (Near Luxury Utility Vehicle).
BMW was the only other winner of more than one segment award, for the Mini Cooper (Sporty Car) and the BMW 1 Series (Near Luxury Car).
Among domestic manufacturers, the only winner was Ford, for the F-150 (Fullsize Pickup).
Other segment winners included the Nissan Maxima (Fullsize Car); the Audi S5 (Luxury Sports Car); the Mazda 3 (Mid-Compact Car); and the Range Rover Sport (Luxury Utility Vehicle).
Mr. Clark concluded, “We continue to believe that residual value is the best metric for evaluating the overall strength of an automotive brand, and we congratulate all of the 2010 winners for their successful products and marketing strategies.”
Summary of 2010 Residual Value Award Winners
Mainstream Brand: Subaru of America Luxury Brand: Acura, a division of American Honda Motor Company, Inc. Entry Compact Car: Honda Fit Mid-Compact Car: Mazda 3 Midsize Car: Honda Accord Fullsize Car: Nissan Maxima Compact Utility Vehicle: Subaru Forester Midsize Utility Vehicle: Subaru Outback Large Utility Vehicle: Toyota Sequoia Minivan: Honda Odyssey Compact/Midsize Pickup: Toyota Tacoma Fullsize Pickup: Ford F-150 Sporty Car: Mini Cooper Near Luxury Car: BMW 1 Series Luxury Car: Lexus LS Luxury Sports Car: Audi S5 Near Luxury Utility Vehicle: Lexus RX Luxury Utility Vehicle: Range Rover Sport Hybrid/Alternative Powertrain: Toyota Prius
About ALG (www.alg.com)
Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” – the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 40 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. .
About DealerTrack (www.dealertrack.com)
DealerTrack’s intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers. Our solution set for dealers is the industry’s most comprehensive. DealerTrack operates the industry’s largest online credit application network, connecting over 17,000 dealers with over 750 financing sources. Our Dealer Management System (DMS) provides dealers with easy-to-use tools with real-time data access that will streamline any automotive business. With DealerTrack Inventory Optimization, dealers get better data along with the tools to make smarter, more profitable inventory decisions. Our Sales and F&I solution enables dealers to streamline the entire sales process, quickly structuring all types of deals from a single integrated platform. DealerTrack’s Compliance solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets. DealerTrack’s family of companies also includes data and consulting services providers, ALG (Automotive Lease Guide) and Chrome Systems. For more information, visit www.dealertrack.com. SEE ALSO: Total Ownership Cost Guide