ALG Announces its First Canadian Residual Value Awards for Segment Leaders and Top Brands Overall
http://www.reuters.com/article/pressRelease/idUS119190+06-Jan-2009+BW20090106
Tue Jan 6, 2009
SANTA BARBARA, Calif.–(Business Wire)–
ALG today announced its Canadian Residual Value Awards, honoring the vehicles in
each segment that are predicted to retain the highest percentage of their
original price after a conventional retail lease.
The awards are based on 2009 model year vehicles. ALG also has included awards
for the brands that have the highest overall predicted resale values among all
mainstream and all luxury vehicles. The awards are derived after carefully
studying segment competition, historical vehicle performance and industry
trends, and are based on analysis using only Canada-specific data.
Honda Canada Inc. has won the Mainstream Brand Residual Value Award. Honda also
received individual segment awards for the Odyssey (Minivan segment); the Fit
(Entry Compact Car); and the Ridgeline (Compact/Midsize Pickup).
Infiniti, a luxury division of Nissan Canada Inc., has won the overall Luxury
Brand Residual Value Award. Although Infiniti does not have any segment winners,
its vehicles` residual values are consistently strong, reflecting its aggressive
pricing and superior quality.
Nissan Canada Inc. received four segment Residual Value Awards, for the Maxima
(Full Size Car); the GT-R (Luxury Sports Car); the Rogue (Compact Utility
Vehicle); and the Murano (Midsize Utility Vehicle).
Three companies received two awards each: Toyota, for the Camry (Midsize Car)
and the Sequoia (Large Utility Vehicle); Land Rover, for the LR2 (Near Luxury
Utility Vehicle) and the Range Rover Sport (Luxury Utility Vehicle); and Subaru,
for the Impreza (Mid-Compact Car) and the Impreza WRX/STI (Sporty Car). BMW,
Jaguar, Ford and Volkswagen rounded out the list with one award a piece.
“We are very excited to announce the inaugural Canadian Residual Value Awards,”
said John Blair, Chief Executive Officer of ALG. “Honda clearly set itself apart
by winning the overall Mainstream award and three segment awards. Honda benefits
from its disciplined production, consistent high quality and value pricing, and
its shift to more fuel-efficient vehicles has also helped the brand. We firmly
believe that Residual Value is the best metric for evaluating the overall
strength of an automotive brand, and congratulate all of the winners for their
successful products and marketing strategies.”
Summary of 2009 Residual Value Award Winners
Brand Award Brand
Mainstream Brand Residual Value Award Honda Canada Inc.
Luxury Brand Residual Value Award Infiniti, a luxury division of Nissan Canada Inc.
Segment Award Vehicle
Entry Compact Car Honda Fit
Mid-Compact Car Subaru Impreza
Midsize Car Toyota Camry
Fullsize Car Nissan Maxima
Minivan Honda Odyssey
Sporty Car Subaru Impreza WRX/STI
Near Luxury Car BMW 1 Series
Luxury Sedan Jaguar XF
Luxury Sports Car Nissan GT-R
Compact Utility Vehicle Nissan Rogue
Midsize Utility Vehicle Nissan Murano
Large Utility Vehicle Toyota Sequoia
Near Luxury Utility Vehicle Land Rover LR2
Luxury Utility Vehicle Land Rover Range Rover Sport
Compact/Midsize Pickup Honda Ridgeline
Fullsize Light Duty Pickup Ford F150
Hybrid/Alternative Powertrain Volkswagen Jetta TDI
Mainstream Brand Residual Value Rankings
1. Honda
2. Toyota
3. Nissan
4. Subaru
5. Mazda
6. Volkswagen
7. Mitsubishi
8. Saturn
Only brands above the mainstream average were ranked. Below mainstream average
were the following brands (listed in alphabetical order): Buick, Chevrolet,
Chrysler, Dodge, Ford, GMC, Hyundai, Jeep, Kia, Pontiac, and Suzuki.
Luxury Brand Residual Value Rankings
1. Infiniti
2. Acura
3. Lexus
4. Audi
5. BMW
6. Land Rover
7. Porsche
Only brands above the luxury average were ranked. Below luxury average were the
following brands (listed in alphabetical order): Cadillac, Jaguar, Lincoln,
Mercedes Benz, Saab, and Volvo.
About ALG (www.alg.com)
Based in Santa Barbara, California, ALG is a leading provider of data and
consulting services to the automotive industry. ALG publishes the “Automotive
Lease Guide” – the standard for Residual Value projections in North America, and
has been forecasting automotive residual values for over 37 years in both the
U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc.
(Nasdaq: TRAK).
TRAK-G
ALG Canada
Tanya Thompson, 905-281-6224
tthompson@alg.com
or
RF|Binder Partners
Stephanie Lowenthal, 212-994-7619
Stephanie.lowenthal@rfbinder.com
Copyright Business Wire 2009
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