Toyota, Mercedes-Benz Win Overall Brand Honors in 2nd Annual ALG Pre-Owned Value Awards
April 10 2017 - 9:01AM
Business Wire
ALG recognizes pre-owned vehicles predicted to hold value best;
Toyota leads with six vehicle segment awards
ALG, the benchmark for forecasting future vehicle values,
announced the winners of its 2nd annual Pre-Owned Value Awards
(POVA), ranking Toyota and Mercedes-Benz as the top Mainstream
Brand and Premium Brand, respectively.
2017 Pre-Owned Value Awards are awarded to vehicles with the
smallest forecasted depreciation from two to five years of age
during the period from 2017 – 2020. The awards will be presented to
automakers this week at the New York International Auto Show.
“With supply of pre-owned vehicles on the rise, it is critical
for automakers to communicate the value of a brand’s Pre-Owned
product offering. The ALG Pre-Owned Value Awards is the most
efficient platform to provide peace of mind to used vehicle
shoppers and complement an automaker’s CPO program,” said Jim
Nguyen, TrueCar EVP and President of ALG.
“This award is designed to identify used vehicles that will hold
the highest percentage of their value over the next three years.
Whether you are a millennial buying your first car after college
graduation or looking to stretch your dollar into a luxury brand,
obtaining top value for a pre-owned vehicle is a critical component
of the shopping experience,” continued Nguyen.
An early adopter of a comprehensive Certified Pre-Owned program,
Mercedes-Benz has leveraged decades of experience in the CPO space
to become the leader in pre-owned value among luxury brands.
Mercedes-Benz boasts awards in four individual segments, including
the high volume Premium Midsize and Premium Compact Utility
segments with the C-Class and M-Class, respectively.
Toyota continued its winning streak as the overall winner for
Mainstream brands with six vehicle segment awards, including the
Tacoma, 4Runner, and Land Cruiser receiving awards in the Midsize
Pickup, Off-Road Utility and Premium Fullsize Utility segments,
respectively.
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 2017 POVA winners:
POVA Overall
Brand
Mainstream
Toyota
Premium
Mercedes-Benz
POVA Segment
Model
Alt-Fuel
Toyota Prius C
Compact
Toyota Corolla
Compact Utility
Hyundai Tucson
Fullsize
Dodge Charger
Fullsize Commercial
Mercedes Sprinter
Fullsize Pickup
Ford F-150
Fullsize Utility
GMC Yukon
Midsize
Chrysler 200
Midsize Commercial
Ford Transit Connect
Midsize Pickup
Toyota Tacoma
Midsize Utility 2nd Row Seating
Hyundai Santa Fe Sport
Midsize Utility 3rd Row Seating
Kia Sorento
Minivan
Nissan Quest
Off-Road Utility
Toyota 4Runner
Premium Compact
BMW 2 Series
Premium Compact Utility
Mercedes-Benz GLK-Class
Premium Executive
Kia K900
Premium Fullsize
BMW 5 Series
Premium Fullsize Utility
Toyota Land Cruiser
Premium Midsize
Mercedes-Benz C-Class
Premium Midsize Utility 2nd Row
Seating
Mercedes-Benz M-Class
Premium Midsize Utility 3rd Row
Seating
Lexus GX
Premium Performance
Nissan GT-R
Sportscar
Dodge Challenger
Subcompact
Toyota Yaris
Subcompact Utility
MINI Cooper Countryman
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.
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