NOVEMBER 18, 2013
Today, Land Rover North America is proud to announce the 2014 Range Rover Sport has received a 2014 ALG Residual Value Award for the “Best Premium Midsize Utility Vehicle – 2 Row” by ALG, the industry benchmark for residual values and depreciation data. This marks the eighth win in nine years for the Range Rover Sport.
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 24 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 2014 model year vehicles.
"The ALG Residual Value Awards measure quality and desirability across many segments, and to have our recently launched 2014 Range Rover Sport be recognized sends a strong message of its incredible value to potential buyers and current owners,” said Kim McCullough, Brand Vice President, Land Rover North America.
"Sleek styling combined with low incentive levels make the Range Rover Sport a segment favorite," said Eric Lyman, Vice President of Editorial for ALG. "Redesigned and slimmed down, the Range Rover Sport receives its eighth Residual Value Award in nine years."
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.