Land Rover, Toyota Earn Top Honors in ALG's Residual Value Awards
SANTA BARBARA, Calif. — ALG, TrueCar’s analytics division, named Land Rover and Toyota as the top premium and mainstream brands during its 15th annual Residual Value Awards.
The awards program looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after a three-year period. The awards will be presented at the Los Angeles Auto Show.
“Residual value is important for automakers and consumers because it’s a complete indicator of the vehicles future value, accounting for quality durability and brand desirability among other factors,” said Larry Dominique, president of ALG.
Land Rover’s win as the top premium brand is the company’s first. The brand was credited with having a consistent “stream of hot, new vehicles” with high customer demand, says ALG.
“Some Land Rover models are in such high demand that they’re selling above MSRP — a remarkable achievement that’s only possible with manufacturer restraint and a tightly controlled supply chain,” said Dominique.
Toyota was the top mainstream brand, capturing five segment awards, including top honors in the alternative-fuel, truck and premium categories.
Eight new vehicles made the winners list for the first time, including the Dodge Charger for full-size car, the Subaru WRX for sports car and the Ford Transit Connect for midsize commercial van.
“It is great to see such a diverse mix of brands winning this year,” said Dominique. “It shows the industry as a whole continues to improve residual values benefitting consumers and automakers alike.”
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →