Honda Motor Company Leads the Industry with 3 Residual Value Awards
19 July 1999
Honda Motor Company Leads the Industry with 3 Residual Value AwardsAutomotive Lease Guide (ALG) Announces Model Year 1999 Residual Value Award Winners SANTA BARBARA, Calif., July 19 -- Automotive Lease Guide, the automotive industry's benchmark for residual value forecasting, today announced the inaugural Residual Value Awards. The award honors automobiles that are predicted to retain the highest percentage of their original price. Heading the list is Honda Motor Company (Accord, Odyssey, and TL), with three winners, followed by Toyota Motor Company (Tacoma, RX 300) and General Motors (K1500 Silverado, Suburban) with two award winners each. Other award winners include Volkswagen's New Beetle, Porsche's Boxster, and DaimlerChrysler's CLK. Based in Santa Barbara, California, Automotive Lease Guide (http://www.alg.com) is a privately held company that has been forecasting automotive residual values for the 35 years in the US and Canada. "We are very excited to announce this year's award winners," said ALG's president, John Blair. "ALG has a proven track record of accurately forecasting residual values. By bringing our research into the public eye, we hope to focus attention on the industry's best performing models." Automotive Lease Guide(R) Residual Value Awards are given on an annual basis. Vehicles that make the list are featured on ALG.com, Lease Source.Com, Cars.com and other high-traffic automotive sites. The 1999 Model Year Award Winners by segment are: Residual Value Award : 1999 Model Year "Highest Predicted Retention of MSRP" Segment Make Model Compact Car VOLKSWAGEN NEW BEETLE Midsize Car HONDA ACCORD Near Luxury Car ACURA TL Luxury Car MERCEDES CLK CLASS Sports Car PORSCHE BOXSTER Mini Van HONDA ODYSSEY Compact SUV LEXUS RX300 Full-size SUV CHEVROLET/GMC SUBURBAN Full-size Truck CHEVROLET/GMC SILVERADO/SIERRA Compact Truck TOYOTA TACOMA Residual Value Awards are chosen from over 1100 vehicles and are based upon Automotive Lease Guide's 36 month residual projections over the past calendar year. Vehicles are comparably equipped within their segment and compared on an individual trim level basis.