Automotive Lease Guide (ALG) recently announced its annual Residual Value Awards, which honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price after a conventional three-year lease term.
This year's awards are based on 2008 model year vehicles. For the sixth year, ALG has also included awards for the brands with the highest predicted resale values among all industry and luxury vehicles.
For the fifth consecutive year, American Honda Motor Company, Inc. has won the Industry Brand Residual Value Award. Honda also received individual segment awards for the Accord in the Mid-Size Car category and the Odyssey in the Minivan category. It was the seventh consecutive win for the Odyssey.
Summary of 2008 Residual Value Award Winners
Industry Brand Residual Value Award -- American Honda Motor Company, Inc.
Luxury Brand Residual Value Award -- Infiniti, A division of Nissan Motor Co., Ltd.
Segment Awards -- Vehicle
Compact Car -- Mini Cooper
Midsize Car -- Honda Accord
Fullsize Car -- Toyota Avalon
Sporty Car -- Volkswagen Eos
Near Luxury Car -- Infiniti G35/37
Luxury Car -- BMW 5 Series
Luxury Sports Car -- BMW 6 Series
Minivan -- Honda Odyssey
CUV -- Subaru Tribeca
Luxury CUV -- Range Rover Range Rover Sport
Compact SUV -- Jeep Wrangler
SUV -- Toyota 4Runner
Luxury SUV -- Lexus GX470
Compact Truck -- Toyota Tacoma Pickup
Fullsize Truck -- GMC/Chevy Sierra/Silverado
Industry Brand Residual Value Rankings
8. GMC TRUCKS
Only brands above the industry average were ranked. Below industry average were the following brands (listed in alphabetical order): Buick, Chevrolet, Chrysler, Dodge, Ford, GMC, Hyundai, Jeep, Kia, Mercury, Mitsubishi, Pontiac & Suzuki.
Luxury Brand Residual Value Rankings
6. MERCEDES BENZ
7. LAND ROVER