Honda and Acura Rank Highest in ALG's 5th Annual Canadian Residual Value Awards
Honda and Acura Rank Highest in ALG's 5th Annual Canadian Residual Value
Awards
Cadillac ATS, Infiniti JX, Subaru BRZ recognized; Toyota family of brands
takes home five awards
PR Newswire
TORONTO, Feb. 13, 2013
TORONTO, Feb. 13, 2013 /PRNewswire/ --Canadian International Auto Show – ALG,
the industry benchmark for vehicle values and a leading provider of automotive
insights, today announced the results of its 5^th annual Residual Value
Awards, with Honda and Acura earning the awards for top Mainstream and Premium
brands, respectively. Honda returns to the top ranking among Mainstream brands
after a four-year hiatus while Acura ranks highest for the first time over
Infiniti, the previous recipient of the Premium Brand award for the past four
years. Also noteworthy are the Toyota family of brands, which walked away with
the five segment awards and Subaru, a perennial strong performer, which netted
3 segment awards.
(Logo: http://photos.prnewswire.com/prnh/20121126/LA17373LOGO-b)
ALG's Residual Value Awards honour the vehicles that are forecast to retain
the highest percentage of MSRP after a three-year period for luxury brands and
a four-year period for mainstream brands. Award recipients are chosen after a
careful evaluation of vehicle criteria, including segment competition,
historical vehicle performance and industry trends. This year's awards are
based on 2013 model year vehicles. Awards are given in 22 vehicle segment
categories and two brand categories (Mainstream and Premium).
"For all consumers, residual value represents a complete indicator of vehicle
value, taking into account quality, durability and brand desirability," said
Larry Dominique, President of ALG. "The Canadian Residual Value Awards
recognize those brands and products that are using the best business practices
to protect the value of their vehicles."
Among the segment awards, the Cadillac ATS, Infiniti JX and Subaru BRZ are
all-new models, each of which took top spots in their respective segments. The
ATS marks the first Canadian Residual Value Award for Cadillac and only the
second by a domestic automaker. In two hotly contested segments, the
redesigned Honda Accord received the award in the Midsize Car segment, while
the Subaru Impreza received the award in the Compact Car segment. Among
Alternative Fuel vehicles, the Volkswagen Golf TDI and Audi A3 TDI were repeat
winners in the Mainstream and Premium categories respectively.
"The ATS is an indicator that the Cadillac brand is headed in the right
direction," said Geoff Helby, ALG's Regional Director for Canada. "With a well
executed product and competitive pricing, the Cadillac ATS sets the bar for
the brand."
Among Mainstream brands, Subaru ranked second overall behind Honda, with Mazda
rounding out the top three. Infiniti and Lexus ranked second and third
respectively among the Premium brands.
Headquartered in Santa Barbara, California with office an office in Toronto,
Ontario, ALG is a leading provider of insights and consulting services to the
automotive industry. ALG publishes the Residual Value Guidebook – the
benchmark for residual value projections in North America, and has been
forecasting automotive residual values for nearly 50 years in both the U.S.
and Canadian markets. For more information, visit www.alg.com.
Segment Award Award Recipient
Sub Compact Car Honda Fit
Compact Car Subaru Impreza
Midsize Car Honda Accord
Fullsize Car Toyota Avalon
Sports Car Subaru BRZ
Alternative Fuel Vehicle VW Golf TDI
Minivan Honda Odyssey
Mini Cooper
Sub Compact Utility
Countryman
Compact Utility Honda CR-V
Midsize Utility Subaru Outback
Fullsize Utility Toyota Sequoia
Midsize Pickup Toyota Tacoma
Fullsize Pickup Toyota Tundra
Premium Compact Car Mini Cooper
Premium Midsize Car Cadillac ATS
Premium Fullsize Car Lexus GS 350
Mercedes-Benz CLS
Premium Executive Car
Class
Premium Sports Car Nissan GT-R
Premium Alternative Fuel
Audi A3 TDI
Vehicle
Premium Compact Utility Acura RDX
Premium Midsize Utility Infiniti JX
Premium Fullsize Utility Infiniti QX56
MAINSTREAM BRAND
PREMIUM BRAND RANKINGS
RANKINGS
Rank Brand Rank Brand
1 Honda 1 Acura
2 Subaru 2 Infiniti
3 Mazda 3 Lexus
4 Volkswagen 4 Audi
5 Toyota 5 BMW
6 Hyundai 6 Mercedes-Benz
7 Scion 7 Volvo
8 Nissan 8 Cadillac
9 Kia 9 Porsche
10 Buick 10 Lincoln
11 Chevrolet
12 Ford
13 Dodge
14 GMC
SOURCE ALG, Inc.
Website: https://www.alg.com
Contact: Mike Cooperman, +1-805-898-8510, +1-818-427-8294, mcooperman@alg.com
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