ALG honors vehicles predicted to hold value best; Subaru wins in five segments
SANTA MONICA, Calif., (Nov. 27, 2017) – ALG, the benchmark for forecasting future vehicle values and the analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE), announced the winners of the 2018 Residual Value Awards, ranking Land Rover and Subaru as the top Premium Brand and Mainstream Brand, respectively.
ALG's Residual Value Awards (RVA) recognize vehicles in 26 segments that are forecast to retain the highest percentage of their Manufacturer's Suggested Retail Price (MSRP) after a three-year period. This year's recipients have shown strong value in their competitive segments, and were chosen from all 2018 model year vehicles on sale in the United States in the Premium and Mainstream segments. The awards will be presented to automakers this week at Automobility LA.
"Strong residual values are the bedrock of successful brands. A vehicle's ability to retain its value over time is an important consideration for consumers looking to purchase or lease a vehicle," said Jim Nguyen, president of ALG. "With vehicle leasing at near-record levels and headwinds for used vehicle values on the horizon, consumers can have confidence in their choice of a Residual Value Award winner for their next vehicle."
2018 will mark the fourth consecutive year that Land Rover will take home the Residual Value Award for Premium brands. Yet again, the distinguished British utility brand won an award in all four segments in which the brand competes, with the Range Rover Sport, Range Rover, Discovery and Discovery Sport winning the top spots.
Subaru also earned the top Mainstream brand award for the third consecutive year by garnering wins in five segments. Subaru's RVA winning streak continues as the brand maintains an enthusiastic and ever-growing customer base. Awards across sportscar, traditional passenger car and utility segments display the depth of the Subaru vehicle portfolio.
Below is the full list of 2018 RVA winners:
|Subcompact Utility||Subaru Crosstrek|
|Compact Utility||Subaru Forester|
|Midsize Utility 2nd Row Seating||Subaru Outback|
|Midsize Utility 3rd Row Seating||Toyota Highlander|
|Fullsize Utility||Toyota Sequoia|
|Off-Road Utility||Jeep Wrangler|
|Fullsize Pickup||Toyota Tundra|
|Midsize Pickup||Toyota Tacoma|
|Premium Compact||Mercedes-Benz CLA Class|
|Premium Midsize||Audi Allroad|
|Premium Fullsize||Genesis G80|
|Premium Executive||Lexus LS|
|Premium Sportscar||Porsche 718 Cayman|
|Premium Compact Utility||Land Rover Discovery Sport|
|Premium Midsize Utility 2nd Row Seating||Land Rover Range Rover Sport|
|Premium Midsize Utility 3rd Row Seating||Land Rover Discovery|
|Premium Fullsize Utility||Land Rover Range Rover|
|Midsize Commercial||Mercedes-Benz Metris|
|Fullsize Commercial||Mercedes-Benz Sprinter|