Acura, Honda, Toyota dominate ALG Residual Value awards
Filed under: Car Buying, Acura, Chevrolet, Honda, Hyundai, Lexus, Lincoln, Mercedes-Benz, Nissan, Scion, Subaru, Toyota
Drive a new car off the lot and, boom, it's used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities, ALG has released its 14th annual list of best bets for retained value.
Toyota stands out from the crowd with nine total awards on the list, including its Scion and Lexus brands. But Honda took the top spot among mainstream brands with Hyundai second and Scion third. Subaru is fourth and Mazda fifth. In the premium brand rankings, Acura is ranked Number One, while Infiniti and Audi bring up second and third. In fourth place is Lexus and in fifth, Mercedes-Benz. Chevrolet is listed as number fifteen - last place on the mainstream list, while Lincoln is at the bottom of premium brands in tenth position.
"Hyundai's ascent as a brand is nothing short of impressive," said Larry Dominique, president of ALG in a press release. "Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet - two elements that can quickly damage residual value - in check. And, as demonstrated by the redesigned Santa Fe Sport, they continue to deliver."
ALG also looked at residual values within specific segments. Among sub compact cars, the Honda Fit retains the most residual value on average. Honda Accord (pictured) was tops in midsize cars and the Odyssey among minivans. Compact car goes to Hyundai's Elantra and fullsize car to that company's Azera. The Koreans also excelled with the Santa Fe Sport in the midsize utility vehicle category.
Toyota products show up nine times in the segments with the Prius C taking alt-fuel vehicle, Scion FR-S in sports car, the FJ Cruiser among compact utility vehicles and Sequoia best among full size utilities. Toyotas beat out the domestics in pickup trucks, too, with the Tacoma taking midsize category and Tundra the full size division. The Land Cruiser kept the most residual value when compared to other premium full size utility vehicles and premium cars from Lexus took the full size (GS 350) and executive (LS 460) categories.
You can see the full lists and press release below.Continue reading Acura, Honda, Toyota dominate ALG Residual Value awards
Acura, Honda, Toyota dominate ALG Residual Value awards originally appeared on Autoblog on Mon, 26 Nov 2012 16:33:00 EST. Please see our terms for use of feeds.
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