Let us rejoice as Land Rover Dallas is proud to announce that ALG has announced the winners of the 15th annual Residual Value Awards, and guess who took top honors!
Land Rover was honored to receive the award for Premium Brand and Mainstream Brand at the Los Angeles Auto Show last month. The Residual Value Awards recognize vehicles that are predicted by ALG forecasters to retain the highest percentage of their sticker price after three years.
This year’s ranking of 2015 model-year vehicles for the first time includes midsize and full-size commercial vans as part of 26 segments covered by the awards. ALG chose the recipients based on the vehicles’ strong value within their segments.
“Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value, accounting for quality, durability and brand desirability among other factors,” said Larry Dominique, president of ALG and executive vice president of TrueCar.
Land Rover earned its first-ever win among premium manufacturers because of “having consistently delivered a stream of hot, new vehicles for which customer demand far outweighs supply,” the statement said.
Forecasts of residual values are important because they are the basis for many lease programs. Financing companies that write leases use those forecasts to determine how much of a vehicle’s value has to be paid for over the month of a lease.
Models such as the Range Rover Sport have been on the dealer lot for only an average of 13 days, versus the industry average of 65 days.
If you are interested in seeing for yourself exactly why Land Rover continues to shine as well as win award after award, then we invite you to come see us at Land Rover Dallas to take a test climb in the SUV of your choice.
Happy holidays and we look forward to seeing you at our dealership soon!
Now that 2014 is coming to an end, Land Rover Dallas would like to divulge to our loyal customers what updates await them for the New Year!
First up is the Discovery Sport, which finally goes on sale in the first quarter. This exceptional SUV will be granted with a turbocharged 2.0-liter four-cylinder engine that will put out 240 horsepower, and is linked to a smooth-shifting nine-speed automatic transmission. A four-mode Terrain Response system helps it adapt to a variety of situations, and seating for seven in a luxury-lined cabin means the whole family can tag along in comfort.
The ever-so-popular Range Rover Evoque is due to adopt some new electronic driver aids for 2015. The sporty compact SUV will now be equipped with Reverse Traffic Detection along with the Blind Spot Monitor option, and Perpendicular Park assist for vehicles with the Advanced Park Assist option.
Next up is the LR4 which will receive Land Rover’s latest InControl apps as well as the smartphone system. The system brings the familiarity of compatible smartphone apps into the vehicle with access through the standard touchscreen.
The Range Rover Sport SVR will also be making its mark as the fastest SUV on the road. Its supercharged 5.0-liter V-8 dishes out 550 horsepower which will catapult it from 0-60 in just 4.5 seconds.
Finally we have the Range Rover with the only real change being the availability of the HSE trim that was introduced on the Long-Wheelbase version that was introduced this year.
Join Land Rover Dallas as we usher in the New Year with a variety of new and exciting features for all of our impressively luxurious vehicles!
Now here is a story that all of us at Land Rover Dallas would dare not to share with our loyal followers and other Range Rover enthusiasts.
What we have before you is a rare opportunity to view, and for one lucky soul, purchase, an incredibly rare pre-production Range Rover which was developed in secret under the code name Velar, which in Italian means, veiled or covered.
Despite its size, the first ever Range Rovers were faster than most production vehicles in 1970, with a 3.5 liter V8 engine propelling them from 0-60 in around 15 seconds, while its top speed ranged around the 100 mph. In addition, the car had a four-speed manual gear box with a low and high ratio – doubling the number of available gears and giving it unrivaled off-road performance while allowing it to cruise along the new motorways at high speed.
Land Rover actually developed the Range Rover in secret to provide a luxury off-road vehicle that could cope with the motorway and countryside, and according to Land Rover’s official press release from 1970, the new car “provides excellent and comfortable transport to and from the office and because of its light steering, all-round visibility and roomy luggage space, and is an ideal vehicle, particularly for women drivers, for shopping and taking the children to school, as well as being perfectly suited to take the family and caravan and boat comfortably off the beaten track and away from the crowds.”
The vehicle is being sold by Charterhouse Auctions in Sherborne Dorset early next year, and because it is such an early and important Range Rover, it is estimated to bring in around $47,000 for its Bristol owner.
The Range Rover was launched in 1970 and was clearly a success form the start. Now in its fourth generation, Range Rover enthusiasts from across the globe can marvel at its impressive history and see just how far along this spectacular machine has come.