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Subaru, Jaguar Capture Overall Brand Honors in 3rd Annual ALG Pre-Owned Value Awards

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SANTA MONICA, Calif., Nov. 12, 2018 /PRNewswire/ -- ALG, the benchmark for forecasting future vehicle values, and the analytics subsidiary of TrueCar, Inc. (NASDAQ:TRUE) today announced the winners of the 2019 Pre-Owned Value Awards (POVA), ranking Subaru and Jaguar as the top Mainstream Brand and Premium Brand across the board.

2019 ALG Pre-Owned Value Award

The 2019 POVAs are awarded to vehicles with the lowest forecasted depreciation from two years of age to five years of age, during the period 2018-2021. Vehicle segmentation is based on ALG's proprietary automotive segmentation, which takes into account information such as vehicle size, transaction price, and cross-shop information. The awards will be highlighted at Used Car Week.

"With both Certified Pre-Owned (CPO) sales and used vehicle values transacting near record highs, the importance of retained value among used vehicle shoppers is more important than ever," said Eric Lyman, SVP of ALG.

"New vehicle transaction prices and rising interest rates are making late model CPO vehicles a more attractive option for traditional new car buyers. ALG's Pre-Owned Value Award measures depreciation and resale value, two leading drivers of purchase consideration in the new vehicle market, and applies them to used vehicles, creating a beacon for value-oriented buyers," continued Lyman.

Nissan leads with three vehicle segment awards for the first time, unseating Toyota with the GT-R, Quest and Altima in the Premium Sportscar, Minivan and Midsize segments.

Although unseated as the overall Premium Brand winner by Jaguar, Mercedes boasts three awards in the Midsize Commercial, Fullsize Commercial and Premium Midsize segments.

Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.

Below is the full list of 2019 POVA winners:

POVA Overall

Brand

Mainstream

Subaru

Premium

Jaguar

POVA Segment

Model

Electric

Volkswagen e-Golf

Compact

Volkswagen Golf

Compact Utility

Subaru Forester

Fullsize

Ford Taurus

Fullsize Commercial

Mercedes-Benz Sprinter

Fullsize Pickup

GMC Sierra 1500

Fullsize Utility

Chevrolet Suburban

Midsize

Nissan Altima

Midsize Commercial

Mercedes-Benz Metris

Midsize Pickup

Toyota Tacoma

Midsize Utility 2nd Row Seating

Subaru Outback

Midsize Utility 3rd Row Seating

Toyota Highlander

Minivan

Nissan Quest

Off-Road Utility

Jeep Wrangler

Premium Compact

BMW 2 Series

Premium Compact Utility

Land Rover Ranger Rover Evoque

Premium Executive

BMW 7 Series

Premium Fullsize

Hyundai Genesis  

Premium Fullsize Utility

Lexus LX

Premium Midsize

Mercedes-Benz C-Class

Premium Midsize Utility 2nd Row Seating

Infiniti QX70

Premium Midsize Utility 3rd Row Seating

Acura MDX

Premium Sportscar

Nissan GT-R

Sportscar

Chevrolet SS

Subcompact

Kia Rio

Subcompact Utility

Honda HR-V

About ALG
Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market industry insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.

Contact
pressinquiries@truecar.com
Veronica Cardenas
424-258-8427
VCardenas@truecar.com

 

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SOURCE ALG

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