ALG Announces the Best Vehicle Redesigns of 2020
February 04 2020 - 9:00AM
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 Redesign of the Year awards.
In its second year, ALG’s Redesign of the Year Awards recognize
the vehicles with the strongest redesigns based on the overall
degree of change and execution. The year’s recipients have shown
the highest level of redesign execution in their competitive
categories and were chosen among all 2020 model year vehicles on
sale in the United States. The awards will be presented to
automakers ahead of the Chicago Auto Show.
“It’s not just what’s on the inside that counts for car buyers
when it comes to a vehicle’s appeal,” said Eric Lyman, Chief
Industry Analyst at ALG, a subsidiary of TrueCar. “A vehicle’s
design can make or break the model’s chances of success in the
marketplace and a well-executed redesign can breathe new life into
a model or have the opposite effect. ALG’s Best Redesign of the
Year awards can help guide consumers in the right direction when
they’re searching for a new vehicle with an appealing design during
their shopping process.”
“This year’s winners, the Hyundai Sonata and Chevrolet Corvette,
both demonstrated the power of great design and the emotional
effect that it can have on perspective shoppers,” added Lyman.
The 2020 Mainstream Redesign of the Year Award Winner:
Hyundai SonataThe all-new 2020 Hyundai Sonata is ALG’s
mainstream redesign of the year award winner. Exemplifying a whole
new design direction for what a midsize sedan can be, the new
Sonata sports an aggressive coupe-like stance that evokes a luxury
sedan with Hyundai’s new “Sensuous Sportiness” design language, the
2020 model year Sonata is lower, wider, and longer than the
previous generation. The new Sonata provides a slew of premium
technology upgrades with Hyundai digital key to unlock and start
the engine from a smartphone, remote smart park and wireless cell
phone charging. The upscale accompaniments also extend to the
interior with an available 12.3” digital instrument cluster and
10.25” infotainment display, alongside a button based gear selector
and premium materials throughout the cabin. The all-new Sonata
elevates the standard midsize sedan to another level.
The 2020 Premium Redesign of the Year Award Winner:
Chevrolet CorvetteChevrolet showcases the true meaning of
a sportscar by introducing the redesigned 2020 Corvette with a
mid-engine. The 2020 Corvette’s new exotic design allows for a more
aggressive wedge shape that was previously reserved for the upper
echelon of other sports car manufacturers while maintaining
Corvette’s unique styling characteristics. Furthermore, its
interior receives a completely driver-focused experience dressed in
the finest leather. The bold steps taken by Chevrolet to redesign
the Corvette for its eighth generation garners them the 2020 ALG
Redesign of the Year.
ALG's Residual Value Committee determines Redesign of the Year
winners by evaluating the degree of change and level of execution.
Awarded features must debut on a Model Year 2020 vehicle and be
available at launch. ALG's Redesign of the Year Awards recognize
models with the strongest redesigns based on the overall degree of
change and execution.
About ALGFounded 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 is a leading
automotive digital marketplace that enables car buyers to connect
to our network of 16,500 Certified Dealers. We are building the
industry's most personalized and efficient car buying experience as
we seek to bring more of the purchasing process online. Consumers
who visit our marketplace will find a suite of vehicle discovery
tools, price ratings and market context on new and used cars -- all
with a clear view of what's a great deal. When they are
ready, TrueCar will enable them to connect with a local
Certified Dealer who shares in our belief that truth, transparency
and fairness are the foundation of a great car buying experience.
As part of our marketplace, TrueCar powers car-buying
programs for over 250 leading brands, including USAA, Sam’s Club,
and American Express. Nearly half of all new-car buyers engage
with TrueCar powered sites, where they buy smarter and
drive happier. TrueCar is headquartered in Santa
Monica, California, with offices in Austin,
Texas and Boston, Massachusetts.
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
TrueCar & ALG PR Contact:
Shadee Malekafzali
424-258-8694
shadee@truecar.com
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