CAMDEN, N.J., Nov. 27, 2018 /PRNewswire/ --
- 19th Annual ALG Residual Value Awards recognize 2019 vehicles
predicted to hold value
- Subaru named Top Mainstream Brand for the seventh time
- Five Subaru models win in respective segments; Impreza, WRX,
Forester, Outback, Crosstrek
Subaru of America, Inc. announced today it has been honored with
the "Top Mainstream Brand" Residual Value Award from ALG, the
analytics division of TrueCar, Inc. (NASDAQ: TRUE) and the
industry benchmark for projecting future vehicle values and
depreciation data. This is the seventh time and fourth consecutive
year Subaru has been recognized with this top honor. This year,
Subaru earned a total of six ALG awards, with five models topping
their respective segments.
- Subaru Impreza – Best Compact Car
- Subaru WRX – Best Sports Car
- Subaru Forester – Best Compact
Utility Car
- Subaru Outback – Best Midsize Utility 2nd Row Seating
- Subaru Crosstrek – Best Subcompact Utility
"We are thrilled to once again be recognized by ALG as the 2019
Top Mainstream Brand for Residual Value and earn accolades for our
vehicles across numerous market segments," said Thomas J.
Doll, President and CEO, Subaru of America, Inc. "At Subaru, we
take immense pride in the lasting value of our vehicles and are
humbled by the trust drivers instill in our brand to transport
their families safely, and for years to come."
The annual ALG Residual Value Awards honor the vehicles and
brands that are expected to retain the highest percentage of their
original price after a conventional three-year period. Earning six
awards this year, the overall total of ALG Residual Value Awards
for Subaru has increased to thirty-seven since 2010. Subaru was
also named Top Mainstream Brand in 2010, 2011, 2012, 2015, 2016,
2017 and 2018.
"Industry leading residual value is just one of many reasons why
Subaru tops the shopping list of well-informed buyers," said
Eric Lyman, Senior Vice President,
ALG. "For 2019, Subaru will take home their 4th consecutive
Mainstream Brand Residual Value Award (RVA), the inevitable result
of a strong and balanced portfolio that finds Subaru besting the
competition in five individual segments."
Based on 2019 model year vehicles, ALG recognized 26 vehicles
with segment awards, alongside two brands representing the
Mainstream and Premium sectors of the industry. Winners are chosen
through a careful analysis of each segment, historical vehicle
performance and industry trends, while factoring in quality,
production levels relative to demand, pricing and marketing
strategies.
About Subaru of America, Inc.
Subaru of America, Inc.
(SOA) is a wholly owned subsidiary of Subaru Corporation of
Japan. Headquartered at a
zero-landfill office in Camden,
N.J., the company markets and distributes Subaru vehicles,
parts and accessories through a network of more than 630 retailers
across the United States. All
Subaru products are manufactured in zero-landfill production plants
and Subaru of Indiana Automotive, Inc. is the only U.S. automobile
production plant to be designated a backyard wildlife habitat by
the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company's
vision to show love and respect to everyone, and to support its
communities and customers nationwide. Over the past 20 years, SOA
has donated more than $120 million to
causes the Subaru family cares about, and its employees have logged
more than 40,000 volunteer hours. As a company, Subaru believes it
is important to do its part in making a positive impact in the
world because it is the right thing to do.
For additional information visit media.subaru.com. Follow us on
Facebook, Twitter, and Instagram.
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 13,000 Certified Dealers also
powers carbuying programs for some of the largest U.S. membership
and service organizations, including USAA, AARP, American Express,
AAA and Sam's Club. Over one third 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, go to www.truecar.com.
Follow us on Facebook or Twitter.
Dominick Infante
Subaru of America, Inc.
856-488-8615
dinfante@subaru.com
Diane Anton
Subaru of America,
Inc.
856-488-5093
danton@subaru.com
Ron Kiino
Subaru of America, Inc.
856-488-3092
rkiino@subaru.com
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SOURCE Subaru of America, Inc.