ALG Announces its First Canadian Residual Value Awards for Segment Leaders and Top Brands Overall
TRAK | Quote | Chart | News | PowerRating -- 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
SOURCE: ALG
ALG Canada
Tanya Thompson, 905-281-6224
tthompson@alg.com
or
RF|Binder Partners
Stephanie Lowenthal, 212-994-7619
Stephanie.lowenthal@rfbinder.com
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