Land Rover, Toyota top 2014 ALG Residual Value Awards

Article by Christian A., on November 19, 2014

Land Rover and Toyota were the top brands offering vehicles expected to retain highest level of their value – called residual value -- after three years, according to the latest edition of the annual ALG Residual Value Awards. Land Rover and Toyota topped the premium and mainstream brand categories, respectively.

This year’s edition, which ranked MY2015 vehicles, included midsize and full-size commercial vans covered by the awards, bringing the total segments vying for the accolades to 26. ALG said in a statement that awards recipients were chosen based on the vehicles’ strong value within their segments.

Larry Dominique, president of ALG and executive vice president of sister company TrueCar, said in the statement that residual value is important for carmakers and consumers alike since it indicate a vehicle’s future value – based on the quality, durability and brand desirability as well as other factors.

Residual values forecasts are also important since they serve as basis for many lease programs, as financing companies that write leases use them to determine how much of a vehicle’s value has to be paid for over the month of a lease.

According to the statement, Land Rover lorded over the premium classification due as it has “having consistently delivered a stream of hot, new vehicles for which customer demand far outweighs supply.” Dominique noted that Land Rover models like the Range Rover Sport only last on dealers’ lots for an average of 13 days, in contrast to the industry average of 65 days.

Toyota dethroned Honda in the mainstream category, after winning five segment awards. The Toyota Prius V wagon won ALG’s alternative-fuel category while the Toyota Tacoma pickup truck was picked as the RVA winner, its 14th in a row.

Other Toyota vehicles winning segment awards are the Toyota Tundra, the Lexus IS, Lexus GX and Toyota Land Cruiser also received honors. Winning carmakers will receive the awards at the Los Angeles Auto Show this week. Last year’s winners were Mercedes-Benz and Honda.

If you liked the article, share on:

Topics: land rover, toyota, award

Comments

Recommended

The Chinese market will soon be getting the exclusive China-only model, Mercedes-Benz GLC-L, for a premium of 15,000 yuan ($2,300) more than the regular model. The difference is actually quite...
by - January 20, 2018
The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries