November 16, 2006
Automotive Lease Guide announces eighth annual Residual Value Awards
Santa Barbara, California – Automotive Lease Guide (ALG) has announced its annual Residual Value Awards, which honour 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 American awards are derived after careful study of segment competition, historical vehicle performance and industry trends.
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 Full-size Car Segment, Tacoma Pick-up for the Compact Truck Segment, 4Runner for the Midsize SUV Segment, and the Camry for the Mid-size 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 Full-size Pickup segment for the GMC Sierra/Chevrolet Silverado.
“Honda, Toyota, Lexus and BMW continue to show leadership,” said John Blair, Automotive Lease Guide’s Chief Executive Officer. “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:
|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|
|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:
- 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
- 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.