SANTA BARBARA, CA - Automotive Lease Guide (ALG) has announced its annual Residual Value Awards, which honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price. This year's awards are based on 2007-model year vehicles.
For the fifth year, ALG has also included awards for the brand with the highest predicted resale value of all industry and luxury vehicles. The awards are derived after careful study of segment competition, historical vehicle performance, and industry trends.
For the fourth consecutive year, American Honda Motor Co., Inc. has won the Industry Brand Residual Value Award. Honda also received an individual segment award for the Odyssey in the Minivan category. This is the sixth consecutive win for the Honda Odyssey.
Lexus, a division of Toyota Motor Sales USA, Inc., has reclaimed the Luxury Brand Residual Value Award by narrowly beating BMW, the winner for the past three years. Lexus also won the Near Luxury segment award for the IS 250/350.
Toyota once again took home the most Residual Value Awards this year by winning four individual segment awards: the Avalon for the Fullsize Car Segment, Tacoma Pick-up for the Compact Truck Segment, 4Runner for the Midsize SUV Segment, and the Camry for the Midsize Car Segment. This is the sixth consecutive win for the Toyota Tacoma and the fourth consecutive win for the 4Runner.
General Motors won two Residual Value Awards in the Sports Car segment for the Pontiac Solstice, and in the Fullsize Pickup segment for the GMC Sierra/Chevrolet Silverado.