TORRANCE, CA – Acura announced that the TL performance luxury sedan received the 2011 ALG Residual Value Award for Best Near Luxury Car. The ALG Residual Value Awards recognize the vehicle in each industry segment that is predicted to retain the highest percentage of original purchase price after a conventional three-year period.
"It is an honor to win our fourth ALG Residual Value Award for the Acura TL," said Jeff Conrad, vice president of Acura sales. "The Acura TL combines the best of advanced technology, luxury, performance and quality at an unbeatable value."
ALG determines the award winners after carefully studying the competition in each segment, historical vehicle performance and industry trends. Key factors that affect ALG's residual value forecasts include vehicle quality, production levels relative to demand, pricing strategies and resale performance.
"The TL offers an unmatched combination of size, technology and sportiness that buyers love," said Raj Sundaram, SVP, ALG. "Acura's value pricing was also a major factor in the TL claiming the top spot in the near luxury category."