ALG Announces Canada’s Best Vehicle Redesigns of 2020
February 13 2020 - 9:00AM
ALG, the benchmark for forecasting future vehicle values, and the
analytics subsidiary of TrueCar, Inc. (NASDAQ: TRUE) today
announced the winners of ALG’s Canadian 2020 Redesign of the Year
awards.
In its second year, ALG’s Canadian Redesign of the Year Awards
recognize the vehicles with the strongest redesigns based on the
overall degree of change and execution. The year’s recipients have
shown the highest level of redesign execution in their competitive
categories and were chosen among all 2020 model year vehicles on
sale in Canada. The awards will be presented to automakers ahead of
the 2020 Canadian International Auto Show.
“In today’s hyper competitive market with more than 300 models
for consumers to choose from, it’s more important than ever for an
automaker to make a great first impression through design,” said
Michelle MacDonald, Senior Manager, Industry Solutions at ALG, a
subsidiary of TrueCar. “ALG’s Best Redesign of the Year awards
distinguish the vehicles with the most appealing redesigns by
judging every small design detail from the infotainment system
inside the vehicle to the door handles on the outside. This year’s
winners, the Hyundai Sonata and Chevrolet Corvette, both stand out
in their segments for evolving their designs to seamlessly combine
with the sportiness of their
vehicles.”
The 2020 Mainstream Redesign of the Year Award Winner:
Hyundai Sonata The all-new Hyundai Sonata is ALG’s
mainstream redesign of the year award winner. Exemplifying a whole
new design direction for what a midsize sedan can be, the new
Sonata sports an aggressive coupe-like stance that evokes a luxury
sedan with Hyundai’s new “Sensuous Sportiness” design language, and
is lower, wider, and longer than the previous generation. The new
Sonata provides a slew of premium technology upgrades including
Hyundai’s digital key to unlock and start the engine from a
smartphone, remote smart park and wireless cell phone charging. The
upscale accompaniments also extend to the interior with an
available 12.3” digital instrument cluster and 10.25” infotainment
display, alongside a button-based gear selector and premium
materials throughout the cabin. The all-new Sonata elevates the
standard midsize sedan onto another level.
The 2020 Premium Redesign of the Year Award Winner:
Chevrolet Corvette Chevrolet showcases the
true meaning of a sportscar by introducing the redesigned 2020
Corvette with a mid-engine. The 2020 Corvette’s new exotic design
allows for a more aggressive wedge shape that was previously
reserved for the upper echelon of other sports car manufacturers
while maintaining Corvette’s unique styling characteristics.
Furthermore, its interior receives a completely driver-focused
experience dressed in the finest leather. The bold steps taken by
Chevrolet to redesign the Corvette for its eighth generation
garners it the 2020 Canadian ALG Redesign of the Year.
ALG's Residual Value Committee determines Redesign of the Year
winners by evaluating the degree of change and level of execution.
Awarded features must debut on a Model Year 2020 vehicle and be
available at launch. ALG's Redesign of the Year Awards recognize
models with the strongest redesigns based on the overall degree of
change and execution.
About ALGFounded 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
55 years and in Canada since 1981.
About TrueCar TrueCar is a leading
automotive digital marketplace that enables car buyers to connect
to our network of 16,500 Certified Dealers. We are building the
industry's most personalized and efficient car buying experience as
we seek to bring more of the purchasing process online. Consumers
who visit our marketplace will find a suite of vehicle discovery
tools, price ratings and market context on new and used cars -- all
with a clear view of what's a great deal. When they are
ready, TrueCar will enable them to connect with a local
Certified Dealer who shares in our belief that truth, transparency
and fairness are the foundation of a great car buying experience.
As part of our marketplace, TrueCar powers car-buying
programs for over 250 leading brands, including USAA, Sam’s Club,
and American Express. Nearly half of all new-car buyers engage
with TrueCar powered sites, where they buy smarter and
drive happier. TrueCar is headquartered in Santa
Monica, California, with offices in Austin,
Texas and Boston, Massachusetts.
For more information, please visit www.truecar.com, and
follow us on Facebook or Twitter. TrueCar media
line: +1-844-469-8442 (US toll-free) |
Email: pr@truecar.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bba82b05-dc4c-4728-9766-f7631819f6d3
https://www.globenewswire.com/NewsRoom/AttachmentNg/7f1f1d1a-e0e1-4c72-994a-244838f63492
TrueCar & ALG PR Contact
Shadee Malekafzali
424-258-8694
shadee@truecar.com
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