Subaru named Top Mainstream brand for the seventh time
SANTA MONICA, Calif., (November 26, 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 Residual Value Awards (RVA), ranking Subaru and Land Rover as the top Mainstream Brand and Premium Brand, respectively.
The prestigious ALG Residual Value Awards (RVA) recognize vehicles in 26 segments that are projected to hold 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 2019 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 ultimate scorecard for the holistic health of a brand, showcasing the successful management of new vehicle transaction prices and incentives against used vehicle values and remarketing strategies," said Eric Lyman, SVP of ALG. "In this regard, Subaru and Land Rover continue to run the table against the competition, not only taking home the brand award, but nearly sweeping the segment awards across their vehicle line ups in the 2019 ALG Residual Value Awards."
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 RVA winners:
|Subcompact Utility||Subaru Crosstrek|
|Compact Utility||Subaru Forester|
|Midsize Utility 2nd Row Seating||Subaru Outback|
|Midsize Utility 3rd Row Seating||Honda Pilot|
|Fullsize Utility||Toyota Sequoia|
|Off-Road Utility||Jeep Wrangler|
|Fullsize Pickup||Toyota Tundra|
|Midsize Pickup||Toyota Tacoma|
|Premium Compact||Audi A3|
|Premium Midsize||Lexus RC|
|Premium Fullsize||Volvo V90|
|Premium Executive||Lexus LS|
|Premium Sportscar||Nissan GT-R|
|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|