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2016 ALG Redisual Value Awards
LAND ROVER TRIUMPHS AT ALG CAN
Land Rover scored a hat-trick of victories at the 2016 ALG Canadian Residual Value Awards. Land Rover was named "Best Premium Brand", while Range Rover Sport and Land Rover Discovery Sport won "Best Midsize Utility Vehicle - 2 Row" and "Best Premium Compact Utility" respectively. ALG is a leading provider of insights and consulting services to the automotive industry, and has been forecasting residual values for all vehicles in the U.S. and Canada for 50 years.
ALG's 8th annual Canadian Residual Value Awards recognize automakers' outstanding achievements for vehicles that are predicted to retain the highest percentage of their original price after a three-year period for luxury brands and a four-year period for mainstream brands. Awards are given in 27 vehicle categories and also for the two brands with the highest overall predicted residual values among all mainstream and all premium vehicles.
"Being awarded "Best Premium Brand" by ALG Canada two years in a row is a great honour for Land Rover, especially in such a competitive segment," says Santino Pirillo, Director of Sales, Jaguar Land Rover Canada. "It is a real testament to the quality, design and value we provide with each model in our family of vehicles."
Geoff Helby, Canada Regional Director for ALG added, "The Range Rover Sport once again claims the ALG Residual Value Award in 2016 thanks to sustained high consumer demand and the exclusivity of the luxury Land Rover nameplate." He continued, "Offering the rugged and refined styling of the Range Rover in a more manageable size for urban daily use, the Range Rover Sport has been a smash hit for the Land Rover brand since its debut in 2005. The Range Rover Sport paved the way for an expansion of the Range Rover sub-brand and sustained high demand has resulted in strong residual values for the last 10 years."
*ALG is the industry benchmark for residual values and depreciation data, www.alg.com”