Automotive Lease Guide (ALG) today announced its annual Residual Value Awards, which honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price. This year's awards are based on 2007 model year vehicles. For the fifth year, ALG has also included awards for the brand with the highest predicted resale value of all industry and luxury vehicles. The awards are derived after careful study of segment competition, historical vehicle performance and industry trends. Award winners are featured on ALG.com, Automotive News, and other automotive websites dedicated to bringing the industry's best-performing models into the public eye.
For the fourth consecutive year, American Honda Motor Company, Inc. has won the Industry Brand Residual Value Award. Honda also received an individual segment award for the Odyssey in the Minivan category. This is the sixth consecutive win for the Honda Odyssey.
Lexus, a division of Toyota Motor Sales USA, Inc., has reclaimed the Luxury Brand Residual Value Award by narrowly beating BMW, the winner for the past three years. Lexus also won the Near Luxury segment award for the IS 250/350.
Toyota once again took home the most Residual Value Awards this year by winning four individual segment awards: the Avalon for the Fullsize Car Segment, Tacoma Pick-up for the Compact Truck Segment, 4Runner for the Midsize SUV Segment, and the Camry for the Midsize Car Segment. This is the sixth consecutive win for the Toyota Tacoma and the fourth consecutive win for the 4Runner.
General Motors won two Residual Value Awards, its first since 2000: in the Sports Car segment for the Pontiac Solstice, and in the Fullsize Pickup segment for the GMC Sierra/Chevrolet Silverado.
"The 2007 ALG awards show considerable movement within the Segment and Brand rankings, proving that with enhanced products and a disciplined approach to pricing a manufacturer can improve Residual Value," said John Blair, Automotive Lease Guide's Chief Executive Officer. "Honda, Toyota, Lexus and BMW continue to show leadership. However Audi and Subaru made strong impressions this year by making it into the top three for Brands. Residual Value continues to be the bellwether for determining the health of an automotive brand, and the winners deserve a great deal of credit for their products and sales strategies."
Summary of 2006 Residual Value Award Winners
Brand Awards Brand
Industry Brand Residual Value Award American Honda Motor Company, Inc.
Luxury Brand Residual Value Award Lexus, A division of Toyota USA
Segment Awards Vehicle
Compact Car Volkswagen Rabbit
Midsize Car Toyota Camry
Fullsize Car Toyota Avalon
Sports Car Pontiac Solstice
Near Luxury Car Lexus IS 250/350
Luxury Car BMW 6 Series
Minivan Honda Odyssey
Premium Utility Vehicle Land Rover Range Rover Sport
Compact SUV Jeep Wrangler
Midsize Utility Toyota 4Runner
Fullsize SUV Mercedes GL Class
Compact Truck Toyota Tacoma Pick-up
Fullsize Truck GMC Sierra/Chevrolet Silverado
Industry Brand Residual Value Rankings
Rank Brand
1 HONDA
2 TOYOTA
3 SUBARU
4 VOLKSWAGEN
5 MAZDA
6 NISSAN
7 SATURN
8 GMC
Only brands above the industry average were ranked. Below industry average were the following brands (listed in alphabetical order): Buick, Chevrolet, Chrysler, Dodge, Ford, Hyundai, Jeep, Kia, Mercury, Mitsubishi, Pontiac, and Suzuki.
Luxury Brand Residual Value Rankings
Rank Brand
1 LEXUS
2 BMW
3 AUDI
4 INFINITI
5 ACURA
6 MERCEDES-BENZ
Only brands above the luxury average were ranked. Below luxury average were the following brands (listed in alphabetical order): Cadillac, Jaguar, Land Rover, Lincoln, Saab and Volvo.
Note: All brands with vehicles in at least three segments and minimum annual volume of 40,000 units were included. As a result of this requirement, MINI and Porsche as well as other brands were excluded from the above rankings.
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