November 20, 2008
ALG Releases Winners for Tenth Annual Residual Value Awards
Automotive Lease Guide (ALG) has announced its 10th annual Residual Value Awards, honoring the vehicles in each segment that are predicted to retain the highest percentage of their original price after a conventional three-year lease term.
The awards are based on 2009 model year vehicles. For the seventh year, ALG has also included awards for the brands that have the highest overall predicted resale values among all industry and all luxury vehicles.
For the sixth 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 Midsize Car category, and the Honda Fit in the Compact Car category.
In addition, Acura, Honda's luxury division, has won the overall Luxury Brand Residual Value Award for the first time, while Toyota Motor Sales, USA received the most segment Residual Value Awards. The Toyota brand received four awards, for the Sequoia (Large Utility Vehicle); the Tacoma (Compact/Midsize Pickup); the Sienna (Minivan); and the Prius (Hybrid/Alternative Powertrain -- in the first year for that category). In addition, Toyota's Lexus LS460 received the Luxury Car award, while the Scion XB won in the Mid-Compact Car category.
Nissan received three segment awards, for the Maxima (Fullsize Car); the GT-R (Luxury Sports Car); and the Murano (Midsize Utility Vehicle). BMW won two awards, for the Mini Cooper (Sporty Car) and the BMW 1 Series (Near Luxury Car). Land Rover also received two segment awards, for the Range Rover Sport (Luxury Utility Vehicle) and the LR2 (Near Luxury Utility Vehicle).
For a complete list of winners, please visit www.alg.com.