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Subaru, Jaguar Capture Overall Brand Honors in 3rd Annual ALG Pre-Owned Value Awards

ALG recognizes pre-owned vehicles predicted to bring the highest average residual value; Mercedes and Nissan win in three vehicle segment awards

SANTA MONICA, Calif., (November 12, 2018) – ALG, the benchmark for forecasting future vehicle values and the analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE) today announced the winners of the 2019 Pre-Owned Value Awards (POVA), ranking Subaru and Jaguar as the top Mainstream Brand and Premium Brand across the board.

The 2019 POVAs are awarded to vehicles with the lowest forecasted depreciation from two years of age to five years of age, during the period 2018-2021. Vehicle segmentation is based on ALG's proprietary automotive segmentation, which takes into account information such as vehicle size, transaction price, and cross-shop information. The awards will be highlighted at Used Car Week.

"With both Certified Pre-Owned (CPO) sales and used vehicle values transacting near record highs, the importance of retained value among used vehicle shoppers is more important than ever," said Eric Lyman, SVP of ALG.

"New vehicle transaction prices and rising interest rates are making late model CPO vehicles a more attractive option for traditional new car buyers. ALG's Pre-Owned Value Award measures depreciation and resale value, two leading drivers of purchase consideration in the new vehicle market, and applies them to used vehicles, creating a beacon for value-oriented buyers," continued Lyman.

Nissan leads with three vehicle segment awards for the first time, unseating Toyota with the GT-R, Quest and Altima in the Premium Sportscar, Minivan and Midsize segments.

Although unseated as the overall Premium Brand winner by Jaguar, Mercedes boasts three awards in the Midsize Commercial, Fullsize Commercial and Premium Midsize segments.

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 2019 POVA winners:

POVA Overall Brand
Mainstream Subaru
Premium Jaguar
POVA Segment Model
Electric Volkswagen e-Golf
Compact Volkswagen Golf
Compact Utility Subaru Forester
Fullsize Ford Taurus
Fullsize Commercial Mercedes-Benz Sprinter
Fullsize Pickup GMC Sierra 1500
Fullsize Utility Chevrolet Suburban
Midsize Nissan Altima
Midsize Commercial Mercedes-Benz Metris
Midsize Pickup Toyota Tacoma
Midsize Utility 2nd Row Seating Subaru Outback
Midsize Utility 3rd Row Seating Toyota Highlander
Minivan Nissan Quest
Off-Road Utility Jeep Wrangler
Premium Compact BMW 2 Series
Premium Compact Utility Land Rover Ranger Rover Evoque
Premium Executive BMW 7 Series
Premium Fullsize Hyundai Genesis
Premium Fullsize Utility Lexus LX
Premium Midsize Mercedes-Benz C-Class
Premium Midsize Utility 2nd Row Seating Infiniti QX70
Premium Midsize Utility 3rd Row Seating Acura MDX
Premium Sportscar Nissan GT-R
Sportscar Chevrolet SS
Subcompact Kia Rio
Subcompact Utility Honda HR-V