Automotive Lease Guide Announces 2nd Annual Residual Value Awards
5 July 2000Residual Value Awards honor those vehicles predicted to retain the greatest percentage of their original price.
SANTA BARBARA, Calif. - ALG's annual award honors those vehicles in each segment predicted to retain the highest percentage of their original price. The awards are dependent upon 2000 model year residual value projections, which are determined after a careful study of historical used data, economic indicators, industry trends, brand strength, new vehicle transaction price/sales performance, quality and reliability indicators. Heading the list for the second year in a row is the Honda Motor Company with two segment winners in the Odyssey and Acura TL, both repeat winners from last year. Sharing the top with Honda Motor Company is Volkswagen of America, which produced a segment frontrunner in the Passat and a repeat segment leader in the Beetle. Other repeat winners from the 1999 Residual Value Awards include the Sport Car Segment's Porsche Boxster, Luxury Car Segment's Mercedes CLK, and Full Size SUV leader Chevrolet Suburban. New additions to this year's Residual Value Awards include the Compact SUV Segment's BMW X5, Compact Pickup Segment's Dakota Quad Cab, and the Toyota Tundra, which was honored as the leader in the Full Size Pickup Segment. "We are very excited to announce this year's award winners," said ALG's vice president, Raj Sundaram. "Residual Values are a very important benchmark and manufacturers are increasingly determined to have them maximized." Based in Santa Barbara, California, Automotive Lease Guide is a privately held company that has been forecasting automotive residual values for over 35 years and has been the industry benchmark in the US and Canadian markets. Automotive Lease Guide has been publishing guidebooks for the US market since 1964 and for the Canadian market since 1983. ALG originated as an offshoot of the nation's first indirect leasing company, and has grown over the past four decades as the demand for residual values and related products have increased. ALG residual guidebooks are published in both generic and private labels and currently reach a wide number of Banks, Captive Finance Companies, Automotive Dealers, and Independent Leasing Companies.