All of us here at Land Rover Austin are excited to announce that ALG, the benchmark for forecasting future vehicle values, announced the winners of its 15th annual Residual Value Awards, with Land Rover taking top honors for Premium Brand and Mainstream Brand!
The award was presented at the Los Angeles Auto Show during ALG’s Residual Value Awards. The event recognized vehicles in 26 segments that are forecast to retain the highest percentage of their Manufacturer’s Suggested Retail Price (MSRP) after a three-year period. This year’s recipients were chosen from 2015 model year vehicles on sale that have shown strong value in their competitive segments.
ALG was proud to award the 2015 Range Rover Sport with “Best Premium Brand” and “Best Midsize Utility Vehicle – 2 Row” for the 2015!
“With models like the Range Rover Sport, we are seeing vehicles on the dealer lot for just 13 days on average – far below the industry’s 65-day average, and Land Rover models are in such high demand that they are selling above MSRP – a remarkable achievement that’s only possible with manufacturer restraint and a tightly controlled supply chain.”
“Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value, accounting for quality, durability and brand desirability among other factors,” said Larry Dominique, president of ALG and executive vice president of TrueCar.
Forecasts of residual values are also important because they are the basis for many lease programs. Financing companies that write leases use those forecasts to determine how much of a vehicle’s value has to be paid for over the month of a lease.
Land Rover earned its first-ever win among premium manufacturers because of “having consistently delivered a stream of hot, new vehicles for which customer demand far outweighs supply,” the statement by Dominique said.
If you would like to get your hands on this luxurious, highly capable and award winning vehicle, then we invite you to come see us here at Land Rover Austin and we will gladly get you “roving.”