Residual values illustrate an automaker’s success in the areas of long-term quality and design.*
Model Desirability
Residual values point to the overall desirability of automotive brands and their models.*
Purchase Consideration
Residual Value is consistently cited as an important purchase consideration by shoppers.*
*JD Power 2024 Canada ALG Residual Value Awards
JD Power Canada ALG Residual Value Awards
The JD Power Canada ALG Residual Value Awards are the automotive industry standard when it comes to recognizing the vehicles in segments that are projected to hold the highest percentage of the manufacturer’s suggested retail price (MSRP) after a four-year period for mass market vehicles, and after a three-year period for premium vehicles. Eligibility for an overall brand award in either the Mass Market or Premium category requires a brand to have vehicles in at least four unique model-level segments.
A residual value is the projected wholesale value of a vehicle at a future date, typically the end of a lease. It’s a key driver of lease cost and reflects an automaker’s long-term quality, design, and brand desirability.
Actual residuals over a multi-year lease depend on factors like mileage, reliability, options, features, and the broader economy. Accurate forecasts require granular data and a clear view of each variable’s impact.
By combining JD Power insights and data with ALG’s residual expertise, manufacturers and lenders can achieve more precise end-of-lease forecasts and improve profitability.
Active licensees can purchase a wide array of merchandise including trophies, lapel pins, key chains, apparel and more, to commemorate their achievement.
JD Power Awards provide the highest-performing companies the chance to let consumers know that they put their customers first. As the trusted symbol of the Voice of the Customer, our awards help companies increase consumer consideration and ensure that the top-ranking brands stand out in the crowd.
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