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!