ALG has named Land Rover and Subaru as the winners of the 2017 Residual Value Awards (RVA). Land Rover earned the top Premium Brand award, while Subaru was honored as the top Mainstream Brand.
ALG, an analytics subsidiary of TrueCar that forecasts future vehicle values, recognizes vehicles in 26 segments that are forecast to retain the highest percentage of their MSRP after a three-year period. This year’s recipients showed strong value in their competitive segments and were chosen from all 2017 model year vehicles on sale in the United States in the premium and mainstream segments, according to ALG.
This was the third consecutive year that both brands were honored with their respective RVA awards.
“Residual values are a key indicator of the overall market success and health of a vehicle and brand. Whether a consumer is looking to purchase or lease a vehicle, the largest cost consideration is how much a vehicle will retain its value over time,” said Jim Nguyen, president of ALG. “And with vehicle leasing on the rise, resale values have never been more important to both consumers and automakers.”
The British utility brand won an award in three of the premium segments with the Range Rover Sport, Range Rover, and Discovery Sport winning the top spots. Meanwhile, Subaru beat out competitors in six segments, surpassing last year’s performance of five total awards. The Impreza is the newest model to receive an award this year, joining the Forester, Legacy, Outback, WRX, and Crosstrek as RVA winners.