Automotive Lease Guide (ALG) Announces Fifth Annual Residual Value Awards and Brand Residual Awards for the Top Segment Leaders
ALG’s annual Residual Value Awards honor those vehicles in each segment predicted to retain the highest percentage of their original price. This year’s awards ceremony, based on 2004-MY vehicles, for the second year has added awards for the brand with the highest predicted resale value of all industry and luxury vehicles. Consideration is based on segment competition, historical vehicle performance, and industry trends. Winners are featured on ALG.com, The Wall Street Journal, Automotive News, and other automotive Web sites.
Heading the list this year is American Honda Motor Company, Inc., winning the Industry Brand Residual Value Award. Honda also received four individual segment awards: the Accord for the Midsize Car Segment, the Odyssey for the Minivan Segment, the CR-V for the Compact SUV Segment, and the Pilot for the CUV Segment. Both the Odyssey and CR-V are repeat winners from last year.
Toyota Motor Sales, USA, Inc., was successful in the Residual Value Awards, winning four individual segment awards, including the Tacoma for the Compact Truck Segment, Sequoia for the Full-Size SUV Segment, 4Runner for the Midsize SUV Segment, and the Tundra for the Full-Size Truck Segment. Excluding the 4Runner, all are repeat segment leaders from last year.
Nissa North America, Inc. is the winner of this year’s Sports Segment award for the 350Z. Lexus won the Near Luxury Segment award for the ES330.
“Residual value performance continues to be a leading indicator of the success of a vehicle or brand,” said John Blair, Automotive Lease Guide’s chief executive officer. “ALG individual segment award winners represent a combination of desirability as new cars and long-term appeal in the used vehicle marketplace.”