TrueCar and ALG Share Top New Car Residual Values
Used in calculating lease and loan payments, ALG. A TrueCar Company, has been the industry benchmark for providing residual value – how well a vehicle is predicted to hold its value – to automakers and financial institutions in the US and Canada for nearly 50 years.
Just last week, ALG announced its 14th Annual Residual Awards at the Los Angeles Auto Show. Honda and Acura ranked highest, Toyota’s family of brands took home nine awards, and Hyundai netted three awards, landing second among mainstream brands. The infographic above identifies the top five brands based on resale value. The chart below shares the top three-ranked brands in each vehicle segment, but you can read the entire report at ALG.com. (This infographic is provided on an “as-is” basis without any guarantees, and should be used for informational purposes only. There are no representations or warranties with respect to the residual value information, or the results from use of such information.)
“Residual value is a complete indicator of vehicle value, taking into account quality, durability and brand desirability,” said Larry Dominique, President of ALG. “The Residual Value Awards measure the most important brand performance metric – the statement consumers make with their wallets when they purchase a vehicle.”