Filed under: LA Auto Show , Land Rover , Toyota , Ownership “Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value.” – Larry Dominique Toyota and Land Rover took home the top brand honors in ALG’s 2015 Residual Value Awards, which will be presented this week at the Los Angeles Auto Show . Toyota won in the mainstream brand category, while Land Rover was honored in the luxury segment. In addition to brands, ALG recognized vehicles in individual segments, and notable winners included the Mazda3 for compact car, Subaru Legacy for midsize car and Dodge Charger for fullsize car. The Subaru WRX won in the sportscar category, while the Toyota Tundra earned top honors in the fullsize truck segment. “Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value, accounting for quality, durability and brand desirability, among other factors,” said Larry Dominique, president of ALG and executive vice president of ALG-parent, TrueCar . “The award recipients demonstrate strong forecasted returns on investments for their owners.” There were eight first-time winners this year, including the Charger, WRX, Toyota Prius V and Audi TT . Toyota had the most model winners with six. ALG passed out 26 awards – two for brands and 24 for models – based on vehicles that are expected to retain the best percentage of their MSRP after three years. This was the 15th iteration of the awards, which are given out annually, and you’re welcome to read more in the press release below . Continue reading Land Rover, Toyota big winners in ALG top resale value awards Land Rover, Toyota big winners in ALG top resale value awards originally appeared on Autoblog on Tue, 18 Nov 2014 11:33:00 EST.
Filed under: Car Buying , Acura , Chevrolet , Honda , Hyundai , Lexus , Lincoln , Mercedes-Benz , Nissan , Scion , Subaru , Toyota Drive a new car off the lot and, boom, it’s used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities, ALG has released its 14th annual list of best bets for retained value. Toyota stands out from the crowd with nine total awards on the list, including its Scion and Lexus brands. But Honda took the top spot among mainstream brands with Hyundai second and Scion third. Subaru is fourth and Mazda fifth. In the premium brand rankings, Acura is ranked Number One, while Infiniti and Audi bring up second and third. In fourth place is Lexus and in fifth, Mercedes-Benz . Chevrolet is listed as number fifteen – last place on the mainstream list, while Lincoln is at the bottom of premium brands in tenth position. “Hyundai’s ascent as a brand is nothing short of impressive,” said Larry Dominique, president of ALG in a press release. “Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check.