FIX & REPLACE JD Power Announces ALG 2022 US Residual Value Pricing

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Honda (mass market) and Lexus (Premium) win branded awards

TROY, Michigan, November 18, 2021– (BUSINESS WIRE) – Please replace version with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211118005622/en/

JD Power 2022 US ALG Residual Value Price (Chart: Business Wire)

The updated version reads as follows:

JD POWER ANNOUNCES ALG US 2022 RESIDUAL VALUE AWARDS

Honda (mass market) and Lexus (Premium) win branded awards

ALG, the division of JD Power known as the industry benchmark for automotive residual value projections, today announced the winners of the 2022 JD Power US ALG Residual Value Awards, highlighted by Honda and Lexus being named award winners branded in the mass and high-end market segments, respectively.

“Accurate forecasting of residual values ​​in the automotive industry is a key factor in valuing an estimated $ 225 billion vehicle rental portfolio in the United States.” said Eric Lyman, vice president of ALG. “The makes and models of vehicles that rise to the top demonstrate that they perform well in all criteria of the rewards program, including superior design and manufacturer quality. “

JD Power US ALG Residual Value Awards are the automotive industry standard for recognizing vehicle models that are expected to hold the highest percentage of their manufacturer’s suggested retail price after a three-year ownership period. This retention of value is a key variable in the cost of leasing a vehicle, underscoring an automaker’s success in quality and long-term design, as well as the overall appeal of automotive brands and brands. their models. It is also a critical component for vehicle buyers, as it helps predict the resale value of a vehicle once they sell or trade in the vehicle for a new one, consistently cited as an important purchasing consideration by the buyers.1

For the 2022 model year, 19 different brands won awards in 29 segments. The award process involves evaluating 284 models through analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a branded award requires a manufacturer to have model entries in at least four different segments. To account for differences in trim levels, model averages are weighted by percentage share to the entire model line-up.

In addition to the mass market brand-level award, Honda also wins three model-level awards. Lexus ranks first among premium brands while having only one winning model in the segment. “Lexus’ success demonstrates impressive and industry-leading continuity in residual value across its lineup,” said Lyman. “It’s like a decathlete who only wins one of 10 individual events but scores enough points in each of them to get on the podium.”

Model-level residual value rewards

Honda and Hyundai share the most model-level rewards, with three each. They are followed by a diverse list of winning manufacturers in two categories: Audi, Kia, Land Rover, Mercedes-Benz, Subaru and Toyota.

  • Honda: Civic, Passport and Odyssey

  • Hyundai: Accent, Kona and Kona EV

  • Audi: A6 Allroad and T3

  • Kia: K5 and Telluride

  • Land Rover: Range Rover Velar and Discovery

  • Mercedes-Benz: AMG GT 4 doors and Metris

  • Subaru: WRX and Forrester

  • Toyota: Tacoma and Tundra

Notable for 2022, the Mercedes-Benz AMG GT 4-Door dominates the long-time Lexus LS segment leader in the Premium Executive segment, while the new Ford Bronco beats perennial winners Jeep Wrangler and Toyota 4Runner for top honors in the off-road utility segment. Also of note are the winners of the increasingly popular electric vehicles, which are highlighted by the Kona EV in the Mass Market Electric segment and the Tesla Model Y in the Premium Electric segment.

Many variables affect the actual residual value of a vehicle over a multi-year lease term. Examples include mileage, quality / reliability, options and feature sets, weather, and macro environment. Because these factors must be considered in order to accurately predict residuals, the greater the granularity and understanding of the effect of each variable, the better able manufacturers and lenders are to maximize profitability. Combining JD Power’s insights and data with ALG’s deep experience in residuals enables even more accurate end-of-lease forecasting capabilities.

To view the press release online, please visit http://www.jdpower.com/pr-id/2021159.

About JD Power

JD Power is a global leader in consumer information, advisory services, data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, JD Power has for more than 50 years provided incisive industrial intelligence on customer interactions with brands and products. The world’s largest companies in major industries trust JD Power to guide their customer-centric strategies.

JD Power has offices in North America, Europe and Asia-Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The JD Power Auto Purchase Tool can be found at JDPower.com.

About JD Power and advertising / promotional rules: www.jdpower.com/business/about-us/press-release-info

1 JD Power U.S. Sales Satisfaction Index (SSI) Study

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211118005622/en/

Contacts

Contacts for media relations
Shane Smith; East Coast; 424-903-3665; [email protected]
Geno Effler, JD Power; Western coast; 714-621-6224; [email protected]


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