ALG, a subsidiary of DealerTrack Holdings, Inc. announced its second annual Canadian Residual Value Awards, honoring mainstream and luxury brands as well as the vehicles in each segment that are predicted to retain the highest percentage of their original price.
This year’s awards are based on 2010 model year vehicles. The ALG awards are derived after study of segment competition, historical vehicle performance and industry trends, and are based on analysis using only Canada-specific data, the company said in a release.
Subaru Canada won the Mainstream Brand Canadian Residual Value Award, rising from fourth place last year.
In addition, the brand received individual segment awards for the Impreza in the Mid-Compact Car category, the Legacy in the Midsize Car category, and the Impreza WRX/STI in the Sporty Car category.
“Subaru has blazed its own trail since arriving in the Canadian market,” said Matt Traylen, ALG’s chief economist. “Subaru’s signature boxer engines and standard all-wheel drive, as well as its solid reputation for quality, give the brand an image of ruggedness and independence and contribute to remarkable owner loyalty. The recent redesign of its three core models and restrained incentives also helped Subaru jump to the top of the rankings.”
For the second year in a row, Infiniti, the luxury division of Nissan Canada, has won the Luxury Brand Canadian Residual Value Award. Infiniti has one of the newest vehicle lineups and with its core model, the G37, refreshed for 2010, it continues to offer great value to consumers in the luxury market.
Mr. Traylen commented, “With generally more powerful engines and lower pricing than its European rivals, Infiniti has pursued the kind of value strategy that helps to give its brand a strong long-term foundation. By augmenting its lineup with all-wheel drive vehicles, it’s expanded its presence across the luxury market.”
Honda Canada was runner-up for the Mainstream Brand Canadian Residual Value Award, received the most individual segment awards: for the CR-V (Compact Utility Vehicle), the Odyssey (Minivan), the Ridgeline (Compact/Midsize Pickup), and the Insight (Hybrid/Alternative Powertrain). Acura, Honda’s luxury division, ranked 3rd for the Luxury Brand Canadian Residual Value Award.
Nissan Canada, Inc. received three awards: for the Sentra (Entry Compact Car), the Maxima (Fullsize Car), and the GT-R (Luxury Sports Car). Three companies received two awards each: Toyota, for the Sequoia (Large Utility Vehicle) and the Tundra (Fullsize Pickup); Land Rover, for the LR2 (Near Luxury Utility Vehicle) and the Range Rover Sport (Luxury Utility Vehicle); and BMW, for the 1 Series (Near Luxury Car) and the 6 Series (Luxury Car). Mazda’s CX-7 (Midsize Utility Vehicle) rounded out the list.
Summary of 2010 Canadian Residual Value Awards
Mainstream Brand: Subaru
Luxury Brand: Infiniti
Entry Compact Car: Nissan Sentra
Mid-Compact Car: Subaru Impreza
Midsize Car: Subaru Legacy
Fullsize Car: Nissan Maxima
Compact Utility Vehicle: Honda CR-V
Midsize Utility Vehicle Mazda CX-7
Large Utility Vehicle: Toyota Sequoia
Minivan: Honda Odyssey
Compact/Midsize Pickup: Honda Ridgeline
Fullsize Pickup: Toyota Tundra
Sporty Car: Subaru Impreza WRX/STI
Near LuxuryCar: BMW 1 Series
Luxury Car: BMW 6 Series
Luxury Sports Car: Nissan GT-R
Near Luxury Utility Vehicle: Land Rover LR2
Luxury Utility Vehicle: Land Rover Range Rover Sport
Hybrid/Alternative Powertrain: Honda Insight
2010 Mainstream Brand Canadian Residual Value Rankings
2010 Luxury Brand Canadian Residual Value Rankings
6. Land Rover
Rankings for the Mainstream brands and non-luxury segments are based on a 48-month term. Rankings for the Luxury brands and segments are based on a 36-month term.