Honda, Acura, Toyota Top ALG Residual Value Awards
Honda and Toyota both earned bragging rights this year for offering products with strong residual value over the competition.
“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.”
Taking the top rank in both the mainstream and premium categories, Honda and its luxury brand Acura were both ranked at the top of the data provider ALG’s annual lists. Those lists are part of ALG’s Residual Value Guidebook, which it publishes every year.
While it didn’t top the lists, Toyota took nine awards this year which was more than any other brand. Hyundai also scored well. Three cars received awards and the brand ranked number two overall in the mainstream category — no small feat considering where the brand used to sit.
“Since 2007, when the brand ranked in the bottom quartile for Residual Value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check. And, as demonstrated by the redesigned Santa Fe Sport, they continue to deliver.”
Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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