The estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.
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Honda received the company’s top spot for the mainstream brand category and Land Rover earned the stop for the luxury brand category.
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Vehicle manufacturers will sell 17 million new vehicles in 2019, which would represent only a 1.3% decline from a year that recorded a third consecutive year of more than 17 million new vehicles sold, according to Oliver Strauss, chief economist for TrueCar’s ALG.
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ALG has named Subaru and Land Rover as the winners of its 2019 Residual Value Awards for the overall mainstream and premium brand categories, according to a company announcement.
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ALG has named Subaru and Land Rover as having the best overall residual values of the 2018 model year in its annual retail-based analysis, the TrueCar Inc. subsidiary announced.
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The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.
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ALG has named Land Rover and Subaru as the winners of the 2017 Residual Value Awards (RVA). Land Rover earned the top Premium Brand award, while Subaru was honored as the top Mainstream Brand.
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Volkswagen will begin offering its new models for lower prices and provide dealers with a broader product range in a move that could lower residual values if incentives remain high, one expert told Automotive Fleet.
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For the first time, compact and full-size commercial vans were included in the award's 26 recognized vehicle segments.
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A lineup of new full-size commercial vans from Chrysler/Ram, Ford, and Mercedes-Benz will deliver significantly higher residual value that their counterparts from previous generations, according to ALG’s latest industry projection.
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