Subaru, Land Rover Earn Top Overall Brand Honours in ALG’s 8th Annual Canadian Residual Value Awards

Honda and Toyota battle for the most Mainstream Segment awards


TORONTO–(BUSINESS WIRE)–ALG,
the benchmark for forecasting future vehicle values, announced winners
of its 8th annual Canadian Residual Value Awards, with Subaru
and Land Rover taking top honours for Mainstream Brand and Premium
Brand, respectively.

ALG’s Canadian Residual Value Awards (RVA) recognize vehicles in 27
segments, ranging from City Car 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 2016 model year vehicles that
have shown strong value in their competitive segments. The awards will
be presented to automakers this week at 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 Jim Nguyen, executive vice president and
general manager 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 repeats as the top ranking among Mainstream brands, taking home a
total of three segment awards, including the Subaru Outback, a perennial
winner in the Midsize Utility (2 Row) segment. An all-wheel-drive
strategy coupled with disciplined incentive spending continues to be the
driving forces behind Subaru’s high residual values.

Land Rover’s top ranking among Premium manufacturers is its second
consecutive win. Consumer demand for Land Rover products has increased
following a newly expanded lineup and enhanced luxury amenities,
resulting in limited incentive spending and high residual values. Land
Rover models also won in two segments this year: Range Rover Sport and
Discovery Sport.

Among Mainstream brands, Toyota edged out Honda with a total of five
segment awards, including the Tundra pickup truck’s 7th and
the Tacoma’s 6th consecutive straight RVA award. Honda
received segment awards for four of its models, including the redesigned
Honda Pilot in the Midsize Utility (3 Row) segment.

Other highlights include: The all-new Nissan Maxima’s top ranking in the
Fullsize Car segment, the Porsche Panamera’s first award for Porsche
Cars Canada in the Premium Executive Car segment, and the highly
anticipated Mercedes-AMG GT S’s top ranking in the Premium Sports Car
segment.

Below is the full list of 2016 RVA winners:

RVA Overall

               

Brand

Mainstream Brand Subaru
Premium Brand Land Rover
 

RVA Mainstream Segment

Model

City Car Nissan Micra
Subcompact Car Nissan Versa Note
Compact Car

Subaru Crosstrek

Midsize Car Honda Accord
Fullsize Car Nissan Maxima
Sports Car Subaru WRX
Alt-Fuel Vehicle Toyota Prius v
Minivan Honda Odyssey
Subcompact Utility Vehicle Kia Soul
Compact Utility Vehicle Honda CR-V
Midsize Utility Vehicle – 2 Row Subaru Outback
Midsize Utility Vehicle – 3 Row Honda Pilot
Fullsize Utility Vehicle Toyota Sequoia
Off-Road Utility Vehicle Toyota 4Runner
Midsize Pickup Toyota Tacoma
Fullsize Pickup Toyota Tundra

Midsize Commercial Van

Ford Transit Connect
Fullsize Commercial Van Mercedes-Benz Sprinter
 

RVA Premium Segment

Model

Premium Compact Car MINI Cooper
Premium Midsize Car Acura TLX
Premium Fullsize Car Hyundai Genesis
Premium Executive Car Porsche Panamera
Premium Sports Car Mercedes-AMG GT S
Premium Compact Utility Vehicle Land Rover Discovery Sport
Premium Midsize Utility Vehicle – 2 Row Land Rover Range Rover Sport
Premium Midsize Utility Vehicle – 3 Row Lexus GX
Premium Fullsize Utility Vehicle Mercedes-Benz G-Class
 

About ALG

Founded in 1964 and headquartered in Santa Monica, California, with an
office in Toronto, Ontario, ALG is an authority on automotive residual
value projections in North America. By analyzing nearly 2,500 vehicle
trims each year to assess residual value – which is mainly driven by
used car inventory, brand strength, macroeconomic conditions, incentive
spending and pricing – ALG provides auto industry and financial services
clients with resale insights, forecasts and consulting services about
the future vehicle marketplace. 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. For more information, visit www.alg.com.

Contacts

For ALG
Carly Schaffner, 424-258-8897
cschaffner@truecar.com