LAND ROVER BRAND AND THREE DIFFERENT MODELS HONORED WITH ALG RESIDUAL VALUE AWARDS
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 2016 model year vehicles.
“Being named Best Premium Brand for retaining value by ALG is another significant achievement for the Land Rover brand here in the United States, where new model launches and growing brand appeal have led to record sales," said Joe Eberhardt, President & CEO, Jaguar Land Rover North America. "Being recognized by ALG for retaining value over three years demonstrates that Land Rover is not only the pinnacle of SUVs, but a great value as well."
The fourth-generation Range Rover debuted in 2013 as the world's first luxury SUV with aluminum unibody construction for significantly improved strength, agility and improved fuel efficiency. Underlining its status as the ultimate luxury SUV, the Range Rover receives a comprehensive suite of revisions for 2016. Key updates include a more powerful V6 engine, the addition of a new turbo-diesel powertrain and all-new driver assistance features. The roomiest (especially in long-wheelbase form) and most luxurious Range Rover ever, the model still retains the true dual-purpose spirit of the original, combining impeccable British craftsmanship and serene on-road comfort with the brand's renowned all-terrain capability.
Developed alongside the new-generation Range Rover, the Range Rover Sport delivers exceptional on-road dynamics with genuine Land Rover all-terrain capability. The Range Rover Sport presents an assertive and muscular exterior, luxurious interior, and the practical flexibility provided by the option of 5+2 third row seating for occasional use.
The Land Rover Discovery Sport is a versatile and capable premium compact SUVs. The first member of the new Discovery family, Discovery Sport, features optional 5+2 seating in a footprint no larger than existing 5-seat premium SUVs. The progressive new design approach of the Discovery Sport defines the new Discovery family with optimized volume, proportions and stance.
For the full year 2014, Land Rover brand U.S. sales reached a new all-time high of 51,465 units, with sales led by the brand volume leader Range Rover Sport. For 2014 CYTD, the Land Rover brand sales are now up 32 percent.
“For generations, the Land Rover brand has been synonymous with genuine capability and dignified luxury,” said Eric Lyman, vice president of industry insights for ALG. “A newly expanded lineup and enhanced luxury amenities have served only to increase demand for Land Rover products allowing for limited incentive spending and high residual values. Land Rover embodies what it means to travel in style and comfort to any destination, making it one of the most respected brands in the auto industry.”
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.