SANTA MONICA, Calif.,
Nov. 12, 2018 /PRNewswire/
-- ALG, the benchmark for forecasting future vehicle values,
and the analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE) today
announced the winners of the 2019 Pre-Owned Value Awards (POVA),
ranking Subaru and Jaguar as the top Mainstream Brand and Premium
Brand across the board.
The 2019 POVAs are awarded to vehicles with the lowest
forecasted depreciation from two years of age to five years of age,
during the period 2018-2021. 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 highlighted at Used Car Week.
"With both Certified Pre-Owned (CPO) sales and used vehicle
values transacting near record highs, the importance of retained
value among used vehicle shoppers is more important than ever,"
said Eric Lyman, SVP of ALG.
"New vehicle transaction prices and rising interest rates are
making late model CPO vehicles a more attractive option for
traditional new car buyers. ALG's Pre-Owned Value Award measures
depreciation and resale value, two leading drivers of purchase
consideration in the new vehicle market, and applies them to used
vehicles, creating a beacon for value-oriented buyers," continued
Lyman.
Nissan leads with three vehicle segment awards for the first
time, unseating Toyota with the GT-R, Quest and Altima in the
Premium Sportscar, Minivan and Midsize segments.
Although unseated as the overall Premium Brand winner by Jaguar,
Mercedes boasts three awards in the Midsize Commercial, Fullsize
Commercial and Premium Midsize segments.
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 2019 POVA winners:
POVA
Overall
|
Brand
|
Mainstream
|
Subaru
|
Premium
|
Jaguar
|
POVA
Segment
|
Model
|
Electric
|
Volkswagen
e-Golf
|
Compact
|
Volkswagen
Golf
|
Compact
Utility
|
Subaru
Forester
|
Fullsize
|
Ford
Taurus
|
Fullsize
Commercial
|
Mercedes-Benz
Sprinter
|
Fullsize
Pickup
|
GMC Sierra
1500
|
Fullsize
Utility
|
Chevrolet
Suburban
|
Midsize
|
Nissan
Altima
|
Midsize
Commercial
|
Mercedes-Benz
Metris
|
Midsize
Pickup
|
Toyota
Tacoma
|
Midsize Utility
2nd Row Seating
|
Subaru
Outback
|
Midsize Utility
3rd Row Seating
|
Toyota
Highlander
|
Minivan
|
Nissan
Quest
|
Off-Road
Utility
|
Jeep
Wrangler
|
Premium
Compact
|
BMW 2
Series
|
Premium Compact
Utility
|
Land Rover Ranger
Rover Evoque
|
Premium
Executive
|
BMW 7
Series
|
Premium
Fullsize
|
Hyundai Genesis
|
Premium Fullsize
Utility
|
Lexus LX
|
Premium
Midsize
|
Mercedes-Benz
C-Class
|
Premium Midsize
Utility 2nd Row Seating
|
Infiniti
QX70
|
Premium Midsize
Utility 3rd Row Seating
|
Acura MDX
|
Premium
Sportscar
|
Nissan
GT-R
|
Sportscar
|
Chevrolet
SS
|
Subcompact
|
Kia Rio
|
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.
Contact
pressinquiries@truecar.com
Veronica Cardenas
424-258-8427
VCardenas@truecar.com
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SOURCE ALG