Residuals Forecaster Announces Residual Value Awards
Automotive Lease Guide (ALG) released its sixth annual Residual Value Awards this week to honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price. For the second consecutive year, American Honda Motor Company won the Industry Brand Residual Value Award. Honda also received two individual segment awards: the Odyssey for the Minivan Segment and the CR-V for the Compact SUV Segment. This is the fourth win for both the Honda Odyssey and CR-V.In other categories, BMW of North America won the Luxury Brand Residual Value Award for the second consecutive year. MINI USA, a division of BMW of North America, has won the Compact Car Segment for the MINI Cooper for the third time.Toyota Motor Sales, USA took home four individual segment awards: the Tacoma for the Compact Truck Segment, Sequoia for the Fullsize SUV Segment, 4Runner for the Midsize SUV Segment, and the Tundra for the Fullsize Truck Segment. This is the fourth consecutive win for the Toyota Tacoma, Tundra and Sequoia; and the second consecutive win for the 4Runner.Mercedes-Benz USA wins this year´s Sports Car Segment for the SLK. The CLK won the Luxury Segment award for the fourth time.Nissan North America has won the Midsize Car Segment award for the Altima. Infiniti, a division of Nissan North America, takes home the Near Luxury Car Segment award for the G35. The CUV (Crossover Utility Vehicle) award goes to Volvo Cars of North America Inc. for the XC90.ALG studies segment competition, historical vehicle performance and industry trends to determine the awards.Summary of 2005 Residual Value Award Winners Industry Brand Residual Value Award: American Honda Motor Company, Inc. Luxury Brand Residual Value Award: BMW of North America, LLC Segment Awards/Vehicle Compact Car: MINI Cooper Midsize Car: Nissan Altima Sports Car: Mercedes-Benz SLK Near Luxury Car: Infiniti G35 Luxury Car: Mercedes-Benz CLK Minivan: Honda Odyssey CUV: Volvo XC90 Compact SUV: Honda CR-V Midsize SUV: Toyota 4Runner Fullsize SUV: Toyota Sequoia Compact Truck: Toyota Tacoma Fullsize Truck: Toyota Tundra Industry Brand Residual Value Rankings Rank/Brand 1 - HONDA 2 - TOYOTA 3 - NISSAN 4 - VOLKSWAGEN 5 - JEEP 6 - SUBARU 7 - MAZDA 8 - GMC 9 - CHRYSLER 10 - FORD Only brands above the industry average were ranked. Luxury Brand Residual Value Rankings Rank/Brand 1 - BMW 2 - LEXUS 3 - ACURA 4 - MERCEDES-BENZ 5 - INFINITI 6 - VOLVO Only brands above the luxury average were ranked. Note: All brands with vehicles in at least three segments and minimum annual volume of 40,000 units were included. As a result of this requirement, MINI and Porsche as well as other brands were excluded from the above rankings.