Toyota and Porsche Win Overall Brand Honors in ALG’s Annual Canadian Residual Value Awards That Recognize Vehicles That Bes...
January 16 2020 - 6:00AM
ALG, the benchmark for forecasting future vehicle values, and the
analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE) today
announced the winners of ALG’s 2020 Canadian Residual Value Awards
(RVA), ranking Toyota and Porsche as the top Mainstream Brand and
Premium Brand, respectively.
The prestigious ALG Residual Value Awards recognize vehicles in
27 segments that are projected to hold the highest percentage of
their Manufacturer's Suggested Retail Price (MSRP) after a
three-year period for premium vehicles, and after a four-year
period for mainstream vehicles - an important consideration for car
buyers when assessing the total cost of ownership for a particular
vehicle. This year's recipients have shown strong value in their
competitive segments and were chosen from all 2020 model year
vehicles on sale in the Canadian market in the Premium
and Mainstream segments. The awards were given to the winners this
week ahead of the Montreal Auto Show.
"Residual values are important to both automotive brands and
consumers alike,” said Michelle MacDonald, Senior Manager, Industry
Solutions at ALG, a subsidiary of TrueCar. “For automotive brands,
a strong residual value is a barometer of a brand’s overall health
and appeal in the marketplace. For consumers, since a vehicle’s
depreciation is the single costliest aspect of car ownership, a
strong residual value is an indicator of how well that vehicle will
hold its value for future resale consideration.”
Toyota leads with the most segment wins in the Mainstream Brand
category, taking home six trophies for the Compact Utility segment,
Fullsize Pickup segment, the Fullsize Utility segment, the Midsize
Pickup segment, the Midsize Utility 3rd Row Seating segment and the
Off-Road Utility segment.
For the first time, ALG introduces the Premium Subcompact
Utility category to this year’s Residual Value Awards, with Lexus
taking top honors in the new category with the Lexus UX.
Porsche took the top spots in the Premium Compact segment for
the Porsche Macan and in the Premium Sportscar segment with the
Porsche 911.
Award winners are determined through careful analysis of used
vehicle performance, brand outlook and product competitiveness.
Eligibility for a brand award requires a manufacturer to have
vehicle entries in at least four different segments. To account for
differences across trim levels, model averages are weighted based
on percentage share relative to the entire model line.
Below is the full list of 2020 ALG Canadian Residual Value
Awards winners:
RVA Overall |
Brand |
Mainstream |
Toyota |
Premium |
Porsche |
RVA Segment |
Model |
Mainstream Cars |
Electric Car |
Audi E-Tron |
Subcompact Car |
Honda Fit |
Compact Car |
Subaru Impreza |
Midsize Car |
Honda Accord |
Fullsize Car |
Nissan Maxima |
Sportscar Car |
Subaru WRX |
Mainstream Utility |
Subcompact Utility |
Subaru Crosstrek |
Compact Utility |
Toyota RAV4 |
Midsize Utility 2nd Row Seating |
Honda Passport |
Midsize Utility 3rd Row Seating |
Toyota Highlander |
Fullsize Utility |
Toyota Sequoia |
Off-Road Utility |
Toyota 4Runner |
Trucks |
Fullsize Pickup |
Toyota Tundra |
Midsize Pickup |
Toyota Tacoma |
Premium Cars |
Premium Compact Car |
Mercedes-Benz A-Class |
Premium Midsize Car |
Audi A5 |
Premium Fullsize Car |
Mercedes-Benz CLS-Class |
Premium Executive Car |
Mercedes-Benz S-Class |
Premium Sportscar Car |
Porsche 911 |
Premium Utility |
Premium Sub Compact Utility |
Lexus UX |
Premium Compact Utility |
Porsche Macan |
Premium Midsize Utility 2nd Row Seating |
Land Rover Range Rover Sport |
Premium Midsize Utility 3rd Row Seating |
Land Rover Discovery |
Premium Fullsize Utility |
BMW X7 Series |
Vans |
Minivan |
Honda Odyssey |
Midsize Commercial |
Mercedes-Benz Metris |
Fullsize Commercial |
Mercedes-Benz Sprinter |
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
industry 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 55 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 16,500 Certified Dealers, and 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. Nearly half of all new car buyers engage with
the TrueCar network during their purchasing process. TrueCar is
headquartered in Santa Monica, California, with an office in
Austin, Texas.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/df00de4f-ea9c-4649-a070-556c814b73d4
For more information, please visit www.truecar.com, and follow us on Facebook or Twitter.
TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com
PR Contact
Shadee Malekafzali
424-258-8694
shadee@truecar.com
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