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

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.

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:

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
[email protected]
Veronica Cardenas
424-258-8427
[email protected]

SOURCE ALG

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED