Honda, Land Rover Top 2020 Best Residual Value Awards


2020 alg Residual Value Award
Credit: Land Rover, Honda, ALG
You have heard me say many times that the vehicles with the best residuals have the lowest payments when leasing. Residual values are also a great predicter of future resale value.

ALG, which been forecasting future vehicle values for as long as I can remember, this week announced the winners of ALGís 2020 Residual Value Awards (RVA), ranking Honda and Land Rover as the top Mainstream Brand and Premium Brand, respectively.

The prestigious ALG Residual Value Awards (RVA) recognize vehicles in 27 segments that are projected to hold the highest percentage of their Manufacturer's Suggested Retail Price (MSRP) after a three-year period, an important consideration for car buyers when assessing the total cost of ownership for a particular vehicle. This yearís recipients have shown strong value in their competitive segments and were chosen from all 2020 model year vehicles on sale in the United States in the Premium and Mainstream segments. The awards will be presented to automakers this week at the Los Angeles Auto Show.

"Strong residual values are the foundation of successful automotive brands," said Eric Lyman, Chief Industry Analyst at ALG. "The residual value is important for consumers to take into consideration before making their next vehicle purchase because we know that depreciation is the single biggest cost of vehicle ownership."

"Brand outlook is another key factor that determines how well a particular model holds its value," said Valeri Tompkins, Senior Vice President of OEM Solutions for ALG. "The models recognized in ALGís Residual Value Awards benefit from their brands' positive perception with consumers, helping them limit mass discounting in order to drive volume. It's no surprise that both Honda and Land Rover are among the brands with the lowest incentives as a percentage of their average transaction price."

Honda leads with the most segment awards in the Mainstream Brand category, earning six different awards for a variety of vehicles across different segments their lineup, including the subcompact Honda Fit, the midsize Honda Accord and the minivan Honda Odyssey.

Subaru follows Honda in the Mainstream Brand category with four wins in the Compact, Compact Utility, Sportscar and Subcompact Utility segments.

For the first time, ALG introduces the Premium Subcompact Utility category to this year's Residual Value Awards, with Audi taking top honors in the new category with the Audi Q3.

Land Rover captures the most segment wins in the Premium Brand category, taking home three trophies for the Premium Full-sized Utility segment, the Premium Midsize Utility 2nd Row Seating segment and the Premium Midsize Utility 3rd Row Seating segment.

Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.

Below is the full list of 2020 ALG Residual Value Awards winners:

  • Overall Mainstream Brand: Honda
  • Overall Premium Brand: Land Rover

Segment Leaders

Electric: Audi E-Tron
Subcompact: Honda Fit
Compact: Subaru Impreza
Midsize: Honda Accord
Fullsize: Dodge Charger
Sportscar: Subaru WRX
Subcompact SUV: Subaru Crosstrek
Compact SUV: Subaru Forester
Midsized 2-Row SUV: Honda Passport
Midsized 3-Row SUV: Honda Pilot
Full size SUV: Chevy Tahoe
Off-Road Utility: Jeep Wrangler
Fullsize Pickup: GMC Sierra HD
Midsize Pickup: Toyota Tacoma
Premium Compact: BMW 2-Series
Premium Midsize: Lexus RC
Premium Fullsize: Volvo V90
Premium Executive: Lexus LS
Premium Sports Car: Porsche 911
Premium Subcompact SUV: Audi Q3
Premium Compact SUV: Porsche Macan
Premium 2-Row SUV: Range Rover Sport
Premium 3-Row SUV: Land Rover Discovery
Premium Fullsize SUV: Land Rover Range Rover
Minivan: Honda Odyssey
Midsize Commercial: Mercedes Metris
Fullsize Commercial: Mercedes Sprinter
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