J.D. Power released its annual U.S. ALG Residual Value Awards. It is not a surprise to anyone that Toyota did very well. Valley Hi Toyota is pleased to announce that four Toyota models were determined by J.D. Power and its ALG subsidiary to have the best residual value in their respective classes.
ALG has been the automotive industry standard for several decades in determining residual value. To be specific, they predict which models are projected to hold the highest percentage of their manufacturer’s suggested retail price after three years of ownership. ALG was initially a tool to assist manufacturers and financiers in determining model residual value when setting up leases. Their residual calculations are also relevant in predicting general resale value, and this has led to the U.S. ALG Residual Value Awards. The high resale value reflects a manufacturer’s success in long-term quality and design and the overall desirability of automotive brands and their models.
Variables affecting a model’s general residual value over three years include perceived quality, reliability, durability, and how well a model’s initial positive qualities stand up to the test of time. Of course, the resale value of a specific model also depends on its condition, mileage, and feature set, much of which is outside ALG’s scope. Beyond the products themselves are factors such as the macroeconomic environment, including the price of gas, which is less easily predicted. All things being equal, however, ALG’s winners represent the vehicles that best will hold their value or depreciate the least after three years.
The study divides the industry offerings into 28 categories and ranks every vehicle within its category and a winner for each. The four Toyota models that reached the top of their respective categories include:
Fifteen brands were represented among the 28 categories. Besides Toyota, the only other brands to score wins in four categories include Honda and Toyota’s luxury brand, Lexus. No other brand had more than two winners.
None of this is as surprising as Toyota models have long been known to hold their value. As an entity that determines the trade-in value of Toyotas and other models every day, Valley Hi Toyota knows this as well as anyone. If you are looking for a well-engineered new or used vehicle that holds its value over time, look no further than Valley Hi Toyota.
Connect with us
Recent Blog Entries
- Toyota Prius Prime Is Listed by ACEEE as the Greenest Car You Can Buy
- Camry Earns Both Best Midsize and Best Hybrid Car by U.S. News & World Report
- Tacoma TRD OFF-Road is the Undisputed Winner in Car and Driver Comparison with Colorado ZR2
- The Legendary Land Cruiser Returns for 2024
- U.S. News & World Report Names Highlander Hybrid the Best Hybrid SUV for Families