ALG Announces Fifth Annual Residual Value Awards; Honda, BMW, Toyota Head the List

by Staff

November 10, 2003

3 min to read

ALG’s annual Residual Value Awards, honoring those vehicles in each segment predicted to retain the highest percentage of their original price, have been announced. This year’s awards, based on 2004 model year vehicles. For the second year, ALG has also added awards for the brand with the highest predicted resale value of all industry and luxury vehicles. Heading the list this year is American Honda Motor Co., Inc., with the Honda brand winning the Industry Brand Residual Value Award. Honda also received four individual segment awards: the Accord for the Midsize Car Segment; the Odyssey for the Minivan Segment; the CR-V for the Compact SUV Segment; and the Pilot for the CUV Segment. Both the Honda Odyssey and CR-V are repeat winners from last year. BMW of North America, LLC also made a strong showing in this year’s awards winning the Luxury Brand Residual Value Award. MINI USA, a division of BMW of North America, won the Compact Car Segment for the MINI Cooper for the second consecutive year. Toyota Motor Sales, USA, Inc. continued a strong tradition in the Residual Value Awards winning four individual segment awards: the Tacoma for the Compact Truck Segment, Sequoia for the Fullsize SUV Segment, 4Runner for the Midsize SUV Segment, and the Tundra for the Fullsize Truck Segment. All, excluding the 4Runner, are repeat segment leaders from last year. Another repeat winner this year is Mercedes-Benz USA LLC for the CLK, which won the Luxury Segment award. Nissan North America Inc. is the winner of this year’s Sports Segment award for the 350Z. And last but not least, the Near Luxury Segment award goes to Lexus for the ES330. “Residual Value performance continues to be a leading indicator of the success of a vehicle or brand,” said John Blair, Automotive Lease Guide’s CEO. “ALG individual segment award winners represent a combination of desirability as new cars and long term appeal in the used vehicle marketplace. Honda and BMW have captured the industry brand awards due to the strength of their entire product lines, which is quite an accomplishment given the fierce competition in today’s automotive industry.” The awards are arrived at after careful study of segment competition, historical vehicle performance and industry trends. Award winners are featured on ALG.com, The Wall Street Journal, Automotive News, and other automotive Web sites dedicated to bringing the industry’s best performing models into the public eye. About Automotive Lease Guide Based in Santa Barbara, Calif., Automotive Lease Guide is a privately held company that has been forecasting automotive residual values for over 35 years in both the U.S. and Canadian markets. Visit www.alg.com to learn more about the 2004 Residual Value Awards and ALG’s other products and services.

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