{"id":84981,"date":"2014-11-17T14:53:34","date_gmt":"2014-11-17T19:53:34","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=84981"},"modified":"2014-11-17T14:53:35","modified_gmt":"2014-11-17T19:53:35","slug":"land-rover-toyota-take-top-honors-for-residual-value","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2014\/11\/land-rover-toyota-take-top-honors-for-residual-value\/","title":{"rendered":"Land Rover, Toyota Take Top Honors for Residual Value"},"content":{"rendered":"
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Land Rover with its Range Rover Sport took the top spot in ALG's Residual Value Awards for Premium brands this year.<\/figcaption><\/figure>\n

With new vehicles sales continuing to steam roll through the year, finding reasons to purchase one type over another can be a difficult task. For some, which brand will lose the least money may sway the final choice. If that\u2019s the final piece to the purchase puzzle, then it would appear Toyota and Land Rover are the brands to buy.<\/p>\n

ALG announced the two were the winners of its 15th<\/sup> annual Residual Value Awards (RVA), for Premium Brand and Mainstream Brand, respectively.<\/p>\n

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Subscribe for Free!<\/figcaption><\/figure>\n

In addition to the brands, the company also honors vehicles in 26 segments that are forecast to retain the highest percentage of their Manufacturer\u2019s Suggested Retail Price after a three-year period.<\/p>\n

\u201cResidual value is important for automakers and consumers because it\u2019s a complete indicator of the vehicle\u2019s future value, accounting for quality, durability and brand desirability among other factors,\u201d said Larry Dominique, president of ALG and executive vice president of TrueCar, in a statement.<\/p>\n

\u201cThe award recipients demonstrate strong forecasted returns on investments for their owners.\u201d<\/p>\n

(Deadline extended for GM ignition recall claims. For more, <\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/em><\/strong><\/p>\n

Land Rover\u2019s overall win among premium manufacturers is the first time the marque has taken the top spot. In the mainstream arena, Toyota capture five segment awards, including the Toyota Prius v wagon overtaking last year\u2019s winner, the Prius c subcompact car, in the alternative-fuel category; the Toyota Tacoma pickup truck winning a 14th<\/sup> straight RVA; and the Toyota Tundra winning its fourth consecutive RVA. Toyota\u2019s premium products also took home three RVAs \u2013 the Lexus IS, Lexus GX and Toyota Land Cruiser.<\/p>\n

(<\/em><\/strong>Click Here<\/a><\/span><\/strong> for details about what\u2019s happening with luxury cars in China.)<\/em><\/strong><\/p>\n

\u201cEven in a robust automotive industry, where competition is fierce, we\u2019ve seen automakers keep incentive spending down, which helps maintain high residual values,\u201d said Dominique. \u201cThat benefits consumers and businesses, helping their vehicles retain strong values and leading to lower overall costs of ownership.\u201d<\/p>\n

(To see more about Lincoln\u2019s new Black Label, <\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/em><\/strong><\/p>\n

In addition, a few past winners reclaimed their crowns this time around: the Subaru Outback and Mini Hardtop. Eight vehicles earned RVAs for the first time, including:<\/p>\n