TORONTO, Feb. 12, 2018 /CNW/ -- ALG, the benchmark for forecasting future vehicle values, announced winners of its 10th annual Canadian Residual Value Awards, with Audi and Subaru taking top honours for Mainstream Brand and Premium Brand, respectively.
ALG's Canadian Residual Value Awards (RVA) recognize vehicles in 26 segments, ranging from Alternative-Fuel to Fullsize Commercial Van, that are forecast to retain the highest percentage of their Manufacturer's Suggested Retail Price (MSRP) after a four-year period for Mainstream brands and three-year period for Premium brands.
This year's recipients were chosen from 2018 model year vehicles that have shown strong value in their competitive segments. The awards will be presented to automakers this week ahead of the Toronto Auto Show.
"Depreciation is the single biggest cost of vehicle ownership, and informed consumers understand the importance of resale value when making their purchase decision," said Eric Lyman, vice president of ALG. "The ALG Residual Value Award is a meaningful achievement in the hyper-competitive automotive landscape. Residual values are a key indicator for the market success of a vehicle, factoring in quality, product execution and brand desirability as primary drivers of ALG's forecast."
Subaru continues its winning streak as the top ranking among Mainstream brands, taking home a total of four segment awards including the Subaru Outback in the Midsize Utility (2 Row) segment, the Subaru WRX in the Sportscar segment, Subaru Impreza in the Compact segment and the popular Subcompact Utility segment, Subaru Crosstrek.
Audi has emerged in recent years as a contender in the luxury space against top European rivals, finding success with new product entries in the utility space and emphasizing innovative technologies that have resonated well with luxury consumers.
Among Mainstream brands, Toyota landed a total of five segment awards, including the Tundra pickup truck's 8th and the Tacoma's 5th consecutive straight RVA award. Honda received segment awards for three of its models, including the Honda Odyssey in the Minivan segment.
Below is the full list of 2017 RVA winners:
Midsize Utility 2nd Row Seating
Midsize Utility 3rd Row Seating
Mercedes-Benz CLA Class
Porsche 718 Boxster
Premium Compact Utility
Premium Midsize Utility 2nd Row Seating
Land Rover Range Rover Velar
Premium Midsize Utility 3rd Row Seating
Premium Fullsize Utility
Mercedes G Class
Mercedes Benz Metris
About ALG Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.
About TrueCar TrueCar, Inc. (NASDAQ: TRUE) is a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience. TrueCar operates its own branded site and its nationwide network of more than 15,000 Certified Dealers also powers car-buying programs for some of the largest U.S. membership and service organizations, including USAA, AARP, American Express, AAA and Sam's Club. Over one half of all new car buyers engage with the TrueCar network during their purchasing process. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.