Audi Canada receives two ALG Residual Value Awards

AJAX, ON, March 20, 2015 /CNW/ - ALG's Canadian Residual Value Awards annually recognize the vehicles and brands that stand out from the rest of the market by representing not only quality and long-term reliability, but also strong desirability.

Audi Canada recently received the following Residual Value Awards:

  • Premium Midsize Car – Audi A5
  • Premium Sports Car – Audi R8

"Audi continues to strive to produce vehicles that represent the best in design, performance, technology, and quality. More importantly, Audi vehicles stand the test of time," said Wolfgang Hoffman, President, Audi Canada. "We are pleased to have received two ALG Residual Value Awards, a testament to the value of the Audi A5 and R8 model lines."

ALG Residual Value Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing and marketing strategies represent key factors that impact ALG's residual value forecasts.

"Driven by excellent build quality and a strong brand reputation, the A5 receives the Residual Value Award in the Premium Midsize Segment," said Geoff Helby, Canada Regional Director for ALG.  "Consistent with the Audi DNA, the A5 offers a timeless design, interior refinement and an inspiring driving experience."

"The Audi R8's unique combination of enduring styling, excellent driving dynamics and everyday usability has allowed the car to stand out even in the last year of its lifecycle," said Geoff Helby, Canada Regional Director for ALG.

The Audi Group delivered approximately 1,575,500 cars of the Audi brand to customers in 2013. As one of the most successful models, the Audi A3 has been awarded the title of "World Car of the Year 2014" by an international jury of journalists (combined fuel consumption in l/100 km: 7.1 – 3.2; combined CO2 emissions in g/km: 165 – 85). In 2013, the company reported revenue of €49.9 billion and an operating profit of €5.03 billion. The company operates globally in more than 100 markets and has production facilities in Ingolstadt and Neckarsulm (Germany), Győr (Hungary), Brussels (Belgium), Bratislava (Slovakia), Martorell (Spain), Kaluga (Russia), Aurangabad (India), Changchun (China) and Jakarta (Indonesia). Since the end of 2013, the brand with the Four Rings has also been producing cars in Foshan (China). In 2015, Audi will start production in São José dos Pinhais (Brazil), followed by San José Chiapa (Mexico) in 2016. Wholly owned subsidiaries of AUDI AG include quattro GmbH (Neckarsulm), Automobili Lamborghini S.p.A. (Sant'Agata Bolognese, Italy) and Ducati Motor Holding S.p.A. (Bologna, Italy), the sports motorcycle manufacturer. The company currently employs more than 73,500 people worldwide, of which more than 52,500 in Germany. Total investment of around €22 billion is planned from 2014 to 2018 – primarily in new products and sustainable technologies. Audi is committed to its corporate responsibility and has anchored the principle of sustainability for its products and processes in its strategy. The long-term goal is CO2-neutral mobility.

SOURCE Audi Canada Inc.

Image with caption: "Audi Canada receives two ALG Residual Value Awards (CNW Group/Audi Canada Inc.)". Image available at:

Image with caption: "Audi Canada receives two ALG Residual Value Awards (CNW Group/Audi Canada Inc.)". Image available at:

For further information: Cort Nielsen, Public Relations Manager, Tel: +905.428.5820, E-mail:,


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