- 15th Annual ALG Awards Honor 2015 Vehicles Predicted to Hold Value
- Legacy, WRX and Outback Top Respective Segments
Subaru of America, Inc. announced today that it has received three Residual Value Awards from ALG, the analytics division of TrueCar, Inc. (NASDAQ: TRUE) and the industry benchmark for projecting future vehicle values and depreciation data. The annual ALG Residual Value Awards honor the vehicles and brands that are predicted to retain the highest percentage of their original price after a conventional three-year period.
- Subaru, which is enjoying record sales in 2014, won awards in several segments:
- Subaru Legacy – Best Midsize Car
- Subaru WRX – Best Sports Car
- Subaru Outback – Best Midsize Utility 2 Row
These three ALG Residual Value awards join nine other segment awards which Subaru has received over the years. Outback and Legacy received Residual Value honors in 2011 and 2012, along with the Forester in 2011. Subaru was also recognized by ALG as the Best Mainstream Brand in 2010, 2011 and 2012.
“This is exciting news for Subaru,” said Thomas J. Doll, president and chief operating officer, Subaru of America, Inc. “We are pleased to receive awards in the three categories – midsize sedan, sports car and midsize utility – a testament to the inherent value in Subaru products.”
“Subaru's redesign for the 2015 Legacy and Outback make these vehicles some of the most refined in their segments,” said Larry Dominique, President of ALG. “There is little doubt that they'll continue to elicit the strong brand loyalty that Subaru is known for, while enabling the brand to conquest sales from other entries in their segments.” Speaking on the Subaru WRX, Dominique added, “The WRX is an incredible entry that kicks up the excitement significantly from the previous model.”
ALG recognizes 26 vehicles with segment awards, along with two brands representing the Mainstream and Premium sectors of the industry. This year’s awards are based on 2015 model year vehicles.
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.
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