Toyota, Mercedes-Benz Win Overall Brand Honors in 2nd Annual ALG Pre-Owned Value Awards

ALG recognizes pre-owned vehicles predicted to hold value best; Toyota leads with six vehicle segment awards

SANTA MONICA, Calif.--()--ALG, the benchmark for forecasting future vehicle values, announced the winners of its 2nd annual Pre-Owned Value Awards (POVA), ranking Toyota and Mercedes-Benz as the top Mainstream Brand and Premium Brand, respectively.

2017 Pre-Owned Value Awards are awarded to vehicles with the smallest forecasted depreciation from two to five years of age during the period from 2017 – 2020. The awards will be presented to automakers this week at the New York International Auto Show.

“With supply of pre-owned vehicles on the rise, it is critical for automakers to communicate the value of a brand’s Pre-Owned product offering. The ALG Pre-Owned Value Awards is the most efficient platform to provide peace of mind to used vehicle shoppers and complement an automaker’s CPO program,” said Jim Nguyen, TrueCar EVP and President of ALG.

“This award is designed to identify used vehicles that will hold the highest percentage of their value over the next three years. Whether you are a millennial buying your first car after college graduation or looking to stretch your dollar into a luxury brand, obtaining top value for a pre-owned vehicle is a critical component of the shopping experience,” continued Nguyen.

An early adopter of a comprehensive Certified Pre-Owned program, Mercedes-Benz has leveraged decades of experience in the CPO space to become the leader in pre-owned value among luxury brands. Mercedes-Benz boasts awards in four individual segments, including the high volume Premium Midsize and Premium Compact Utility segments with the C-Class and M-Class, respectively.

Toyota continued its winning streak as the overall winner for Mainstream brands with six vehicle segment awards, including the Tacoma, 4Runner, and Land Cruiser receiving awards in the Midsize Pickup, Off-Road Utility and Premium Fullsize Utility segments, respectively.

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 2017 POVA winners:

     

POVA Overall

 

Brand

Mainstream

  Toyota

Premium

  Mercedes-Benz

POVA Segment

 

Model

Alt-Fuel

  Toyota Prius C

Compact

  Toyota Corolla

Compact Utility

  Hyundai Tucson

Fullsize

  Dodge Charger

Fullsize Commercial

  Mercedes Sprinter

Fullsize Pickup

  Ford F-150

Fullsize Utility

  GMC Yukon

Midsize

  Chrysler 200

Midsize Commercial

  Ford Transit Connect

Midsize Pickup

  Toyota Tacoma

Midsize Utility 2nd Row Seating

  Hyundai Santa Fe Sport

Midsize Utility 3rd Row Seating

  Kia Sorento

Minivan

  Nissan Quest

Off-Road Utility

  Toyota 4Runner

Premium Compact

  BMW 2 Series

Premium Compact Utility

  Mercedes-Benz GLK-Class

Premium Executive

  Kia K900

Premium Fullsize

  BMW 5 Series

Premium Fullsize Utility

  Toyota Land Cruiser

Premium Midsize

  Mercedes-Benz C-Class

Premium Midsize Utility 2nd Row Seating

  Mercedes-Benz M-Class

Premium Midsize Utility 3rd Row Seating

  Lexus GX

Premium Performance

  Nissan GT-R

Sportscar

  Dodge Challenger

Subcompact

  Toyota Yaris

Subcompact Utility

  MINI Cooper Countryman
 

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.

Contacts

TrueCar, Inc.
Veronica Cardenas
424-258-8427
VCardenas@truecar.com
pressinquiries@truecar.com

Contacts

TrueCar, Inc.
Veronica Cardenas
424-258-8427
VCardenas@truecar.com
pressinquiries@truecar.com