Toyota, Mercedes-Benz Win Overall Brand Honors in 2nd Annual ALG Pre-Owned Value Awards
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SANTA MONICA, CA - April 10, 2017: ALG announced the winners of its 2nd annual Pre-Owned Value Awards (POVA), ranking Toyota and Mercedes-Benz as the top Mainstream Brand and Premium Brand, respectively.
2017 Pre-Owned Value Awards are awarded to vehicles with the smallest forecasted depreciation from two to five years of age during the period from 2017 – 2020. The awards will be presented to automakers this week at the New York International Auto Show.
“With supply of pre-owned vehicles on the rise, it is critical for automakers to communicate the value of a brand’s Pre-Owned product offering. The ALG Pre-Owned Value Awards is the most efficient platform to provide peace of mind to used vehicle shoppers and complement an automaker’s CPO program,” said Jim Nguyen, TrueCar EVP and President of ALG.
“This award is designed to identify used vehicles that will hold the highest percentage of their value over the next three years. Whether you are a millennial buying your first car after college graduation or looking to stretch your dollar into a luxury brand, obtaining top value for a pre-owned vehicle is a critical component of the shopping experience,” continued Nguyen.
An early adopter of a comprehensive Certified Pre-Owned program, Mercedes-Benz has leveraged decades of experience in the CPO space to become the leader in pre-owned value among luxury brands. Mercedes-Benz boasts awards in four individual segments, including the high volume Premium Midsize and Premium Compact Utility segments with the C-Class and M-Class, respectively.
Toyota continued its winning streak as the overall winner for Mainstream brands with six vehicle segment awards, including the Tacoma, 4Runner, and Land Cruiser receiving awards in the Midsize Pickup, Off-Road Utility and Premium Fullsize Utility segments, respectively.
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 2017 POVA winners:
|
POVA Overall |
Brand |
|
|
Mainstream |
Toyota | |
|
Premium |
Mercedes-Benz | |
|
POVA Segment |
Model |
|
|
Alt-Fuel |
Toyota Prius C | |
|
Compact |
Toyota Corolla | |
|
Compact Utility |
Hyundai Tucson | |
|
Fullsize |
Dodge Charger | |
|
Fullsize Commercial |
Mercedes Sprinter | |
|
Fullsize Pickup |
Ford F-150 | |
|
Fullsize Utility |
GMC Yukon | |
|
Midsize |
Chrysler 200 | |
|
Midsize Commercial |
Ford Transit Connect | |
|
Midsize Pickup |
Toyota Tacoma | |
|
Midsize Utility 2nd Row Seating |
Hyundai Santa Fe Sport | |
|
Midsize Utility 3rd Row Seating |
Kia Sorento | |
|
Minivan |
Nissan Quest | |
|
Off-Road Utility |
Toyota 4Runner | |
|
Premium Compact |
BMW 2 Series | |
|
Premium Compact Utility |
Mercedes-Benz GLK-Class | |
|
Premium Executive |
Kia K900 | |
|
Premium Fullsize |
BMW 5 Series | |
|
Premium Fullsize Utility |
Toyota Land Cruiser | |
|
Premium Midsize |
Mercedes-Benz C-Class | |
|
Premium Midsize Utility 2nd Row Seating |
Mercedes-Benz M-Class | |
|
Premium Midsize Utility 3rd Row Seating |
Lexus GX | |
|
Premium Performance |
Nissan GT-R | |
|
Sportscar |
Dodge Challenger | |
|
Subcompact |
Toyota Yaris | |
|
Subcompact Utility |
MINI Cooper Countryman | |
About ALG
Founded in 1964 and headquartered in Santa Monica, California, ALG provides automotive residual value projections in both the United States and Canada.