Land Rover Brand And Four Models Honored With ALG Residual Value Awards
November 27, 2017 by Land Rover•Land Rover awarded 'Best Premium Brand' •18MY Discovery Sport, Discovery, Range Rover Sport, and Range Rover awarded as category winners •ALG Residual Value Awards recognize automakers' outstanding achievements for vehicles predicted to retain highest percentage of original price after three-year period (MAHWAH, NJ) – November 27, 2017 – Land Rover is proud to announce the brand has been awarded five 2018 ALG Residual Value Awards in the U.S., including 'Best Premium Brand.' ALG is the industry benchmark for residual values and depreciation data. With Land Rover taking the prestigious 'Best Premium Brand' award, four vehicles in the 2018 lineup were also recognized as category leaders. The Discovery Sport was awarded 'Best Premium Compact Utility,' the Discovery won 'Best Premium Mid-Size Utility 3rd Row Seating,' the Range Rover won the 'Premium Full-Size Utility' category, and for the eleventh year in a row, the Range Rover Sport was named 'Best Premium Mid-Size Utility 2nd Row Seating.' The annual ALG Residual Value Awards recognize automakers' outstanding achievements for vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. Awards are given in 26 vehicle categories and also for the two brands with the highest overall predicted residual values among all mainstream and all premium vehicles. This year's awards are based on 2018 model year vehicles. 'We are proud to have achieved Best Premium Brand' by ALG for the Land Rover brand for the fourth consecutive year,' said Kim McCullough, Vice President of Marketing, Jaguar Land Rover North America. 'In addition, to have four vehicles – the Discovery Sport, Discovery, Range Rover and Range Rover Sport – awarded as leaders in their respective categories is truly a reflection of the design, product innovation and value that Land Rover provides to our customers.' 'Land Rover continues to push the envelope with innovative new products, and design and technology that keeps the brand at the front of the pack in the competitive luxury utility space,' said Jim Nguyen, president of ALG. 'Consumers have responded to Land Rover leadership with demand that continues to outpace supply, resulting in top residual values in the premium space.' Retaining the title for 'Best Premium Mid-Size Utility 2nd Row Seating' for the eleventh consecutive year, the Range Rover Sport is the fastest, most agile and responsive Land Rover vehicle ever. The Discovery is the brand's most versatile vehicle, offering supreme comfort and exceptional driving capability. The Range Rover is the ultimate luxury all-terrain SUV, with the 2018 model offering new cutting-edge technologies and unprecedented levels of personalization, while the Discovery Sport upholds the brand's core values of capability and versatility.
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ALG award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand and pricing and marketing strategies represent key factors that impact ALG's residual value forecasts. For additional information about the ALG Awards, visit www.alg.com/residual-value-awards.html. For additional information on the full Land Rover vehicle lineup, visit www.landroverusa.com About ALG Founded in 1964 and headquartered in Santa Monica, California, with an office in Toronto, Ontario, ALG is an authority on automotive residual value projections in North America. By analyzing nearly 2,500 vehicle trims each year to assess residual value which is mainly driven by used car inventory, brand strength, macroeconomic conditions, incentive spending and pricing. ALG provides auto industry and financial services clients with resale insights, forecasts and consulting services about the future vehicle marketplace. ALG, owned by TrueCar, Inc., the negotiation free car buying and selling platform, has been publishing residual values for all cars, trucks and SUVs in the U.S. for 50 years and in Canada since 1981. The 2015 Residual Value Awards, honoring new vehicles projected to best maintain their value, will be announced Nov.17. For more information, visit www.alg.com. About Land Rover Founded in 1948, Land Rover designs, engineers, and manufactures its vehicles in the United Kingdom. For almost 70 years the brand has built a reputation for providing its clientele with some of the most luxurious and capable vehicles in the world; whether driving through the heart of the city or traversing the countryside on- and off-road. Today's Land Rover lineup includes the Discovery and Discovery Sport; Range Rover, Range Rover Sport, Range Rover Velar and Range Rover Evoque. Land Rover is fully engaged with sustainability initiatives and social concerns with continuous involvement in environmental and community programs. For more information, visit the official Land Rover website at www.landroverusa.com. About Jaguar Land Rover Jaguar Land Rover is the UK's largest automotive manufacturer, built around two iconic British car brands: Land Rover, the world's leading manufacturer of premium all-wheel-drive vehicles; and Jaguar, one of the world's premier luxury sports sedan and sports car marques. The company employs over 40,000 people globally, with 330 in the U.S. and supports around 275,000 more through our dealerships, suppliers and local businesses. Manufacturing is centered in the UK, with additional plants in China, Brazil, India and Slovakia. At Jaguar Land Rover we are driven by a desire to create class-leading products that deliver great customer experiences. The largest investor in R&D in the UK manufacturing sector, we have invested £12 billion (USD$15.7 billion) in the last five years and in the current year alone will spend over £3.5 billion (USD$4.5 billion) on new product creation and capital expenditure. Last year Jaguar Land Rover sold over 583,000 vehicles in 136 countries, with nearly 80 percent of our vehicles produced in the UK being sold abroad.
