Filed under:
Car Buying,
Acura,
Chevrolet,
Honda,
Hyundai,
Lexus,
Lincoln,
Mercedes-Benz,
Nissan,
Scion,
Subaru,
Toyota
Drive a new car off the lot and, boom, it's used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities,
ALG has released its 14th annual list of best bets for retained value.
Toyota stands out from the crowd with nine total awards on the list, including its
Scion and
Lexus brands. But
Honda took the top spot among mainstream brands with
Hyundai second and
Scion third.
Subaru is fourth and
Mazda fifth. In the premium brand rankings,
Acura is ranked Number One, while
Infiniti and
Audi bring up second and third. In fourth place is Lexus and in fifth,
Mercedes-Benz.
Chevrolet is listed as number fifteen - last place on the mainstream list, while
Lincoln is at the bottom of premium brands in tenth position.
"Hyundai's ascent as a brand is nothing short of impressive," said Larry Dominique, president of ALG in a press release. "Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet - two elements that can quickly damage residual value - in check. And, as demonstrated by the redesigned Santa Fe Sport, they continue to deliver."
ALG also looked at residual values within specific segments. Among sub compact cars, the Honda
Fit retains the most residual value on average. Honda
Accord (pictured) was tops in midsize cars and the
Odyssey among minivans. Compact car goes to Hyundai's
Elantra and fullsize car to that company's
Azera. The Koreans also excelled with the
Santa Fe Sport in the midsize utility vehicle category.
Toyota products show up nine times in the segments with the
Prius C taking alt-fuel vehicle,
Scion FR-S in sports car, the
FJ Cruiser among compact utility vehicles and
Sequoia best among full size utilities. Toyotas beat out the domestics in pickup trucks, too, with the
Tacoma taking midsize category and
Tundra the full size division. The
Land Cruiser kept the most residual value when compared to other premium full size utility vehicles and premium cars from Lexus took the full size (
GS 350) and executive (
LS 460) categories.
You can see the full lists and
press release below.
Continue reading Acura, Honda, Toyota dominate ALG Residual Value awards
Acura, Honda, Toyota dominate ALG Residual Value awards originally appeared on
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Report: Acura, Honda, Toyota dominate ALG Residual Value awards
