Toyota and Lexus Win Overall Brand Honors in 4th Annual 2020 ALG Pre-Owned Value Awards
11 Novembro 2019 - 12:14PM
ALG, the industry benchmark for forecasting future vehicle
values, and the analytics subsidiary of TrueCar, Inc. (NASDAQ:
TRUE) today announced the winners of the 2020 Pre-Owned Value
Awards (POVA), ranking Toyota and Lexus as the top Mainstream Brand
and Premium Brand across the board.
“Toyota and Lexus were early champions of the
Certified Pre-Owned (CPO) marketplace, which combined with their
reputation for durability and quality, lands them the 2020 Brand
Awards for Pre-Owned Value,” said Eric Lyman, Chief Industry
Analyst, ALG.
The 2020 POVAs are awarded to vehicles with the
lowest forecasted depreciation from two years of age to five years
of age, during the period 2019-2022. Vehicle segmentation is based
on ALG’s proprietary automotive segmentation, which takes into
account information such as vehicle size, transaction price, and
cross-shop information. The awards will be presented to automakers
on November 11 at Used Car Week 2019 in Las Vegas, Nevada.
“CPO vehicles are a key contributor to franchise
dealer profitability and have become an indispensable tool for
automakers to manage off-lease volume,” continued Lyman. “As CPO
vehicles have continued to maintain a rise in popularity and
volume, ALG’s Pre-Owned Value Awards help consumers zero in on
desirable late model used vehicles that hold their value the most
over the next three years.”
Toyota is the Mainstream Brand leader with six
segment awards, including the Sequoia, Camry, Tacoma, Highlander,
Sienna and 4Runner. This is Toyota’s third time winning in POVA’s
overall Mainstream Brand category.
Mercedes leads as the front-runner in the
Premium category with four awards in the Electric, Midsize
Commercial, Premium Compact and Premium Executive categories.
For the first time, ALG introduced the Premium
Subcompact Utility category to this year’s awards. Audi took top
honors in the new category with the Audi Q3.
The Nissan GT-R continued its dominance in the
Premium Performance category winning the POVA for the fourth year
in a row.
Award winners are determined through careful
analysis of used vehicle performance, brand outlook and product
competitiveness. Eligibility for a brand award requires a
manufacturer to have vehicle entries in at least four different
segments. To account for differences across trim levels, model
averages are weighted based on percentage share relative to the
entire model line.
Below is the full list of 2020 POVA winners:
POVA Overall |
Brand |
Mainstream |
Toyota |
Premium |
Lexus |
POVA Segment |
Model |
Electric |
Mercedes B-Class |
Compact |
Ford C-Max |
Compact Utility |
Jeep Compass |
Fullsize |
Kia Cadenza |
Fullsize Commercial |
Ram ProMaster |
Fullsize Pickup |
GMC Sierra 1500 |
Fullsize Utility |
Toyota Sequoia |
Midsize |
Toyota Camry |
Midsize Commercial |
Mercedes-Benz Metris |
Midsize Pickup |
Toyota Tacoma |
Midsize Utility 2nd Row Seating |
Subaru Outback |
Midsize Utility 3rd Row Seating |
Toyota Highlander |
Minivan |
Toyota Sienna |
Off-Road Utility |
Toyota 4Runner |
Premium Subcompact Utility |
Audi Q3 |
Premium Compact |
Mercedes-Benz CLA-Class |
Premium Compact Utility |
Land Rover Discovery Sport |
Premium Executive |
Mercedes-Benz S-Class |
Premium Fullsize |
Cadillac CT6 |
Premium Fullsize Utility |
Cadillac Escalade |
Premium Midsize |
Infiniti Q50 |
Premium Midsize Utility 2nd Row Seating |
Lexus RX |
Premium Midsize Utility 3rd Row Seating |
Lexus GX |
Premium Sportscar |
Nissan GT-R |
Sportscar |
Subaru BRZ |
Subcompact |
Mitsubishi Mirage |
Subcompact Utility |
Honda HR-V |
About ALG
Founded in 1964 and headquartered in Santa
Monica, California, ALG is an industry authority on automotive
residual value projections in both the United States and Canada. By
analyzing nearly 2,500 vehicle trims each year to assess residual
value, ALG provides auto industry and financial services clients
with market industry insights, residual value forecasts, consulting
and vehicle portfolio management and risk services. ALG is a
wholly-owned subsidiary of TrueCar, Inc., a digital automotive
marketplace that provides comprehensive pricing transparency about
what other people paid for their cars. ALG has been publishing
residual values for all cars, trucks and SUVs in the U.S. for over
50 years and in Canada since 1981.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE) is a digital
automotive marketplace that provides comprehensive pricing
transparency about what other people paid for their cars and
enables consumers to engage with TrueCar Certified Dealers who are
committed to providing a superior purchase experience. TrueCar
operates its own branded site and its nationwide network of more
than 16,500 Certified Dealers also powers car-buying programs for
some of the largest U.S. membership and service organizations,
including USAA, AARP, American Express, AAA and Sam's Club. Over
half of all new car buyers engage with the TrueCar network during
their purchasing process. TrueCar is headquartered in Santa Monica,
California, with offices in San Francisco and Austin, Texas. For
more information, please visit www.truecar.com, and follow us on
Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US
toll-free) Email: pressinquiries@truecar.com
Contact
Shadee Malekafzali 424-258-8694shadee@truecar.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/44f53f13-2b02-4364-bedb-1e193f8d1eaf
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