(From left) Geoff Helby, Canada Regional Director, ALG and Shiro Ohta, Chairman, President, and CEO of Subaru Canada, Inc.
"More mainstream consumers have discovered what fans have known for years: When it comes to low depreciation, high-value performance, road-gripping all-wheel-drive and high residual values, Subaru is the brand of choice," said Geoff Helby, Canada Regional Director for ALG. "Today, Subaru vehicles feature improved styling, increased space and technology as well as enhanced reliability and safety. High demand for the brand helps sustain record-low inventory and incentive levels within the mainstream sector, which has resulted in unsurpassed leadership in residual value forecasts."
27 segments were recognized (ranging from city car to full-size commercial van), brands that, according to ALG, “forecast to retain the highest percentage of their MSRP after a three-year period for premium brands and a four-year period.”
“Depreciation is the single biggest cost of vehicle ownership, and informed consumers understand the importance of resale value when making their purchase decision,” said Jim Nguyen, Executive Vice-President and GM, ALG. “The ALG Residual Value Award is a meaningful achievement in the hyper-competitive automotive landscape. Residual values are a key indicator for the market success of a vehicle, factoring in quality, product execution and brand desirability as primary drivers of ALG’s forecast.
Subaru is the top mainstream performer for the second year in a row.
"Being named Best Mainstream Brand in the 2016 ALG Canadian Residual Value Awards for the second consecutive year has great meaning to Subaru and emphasizes what Subaru owners experience for themselves – a Subaru offers excellent value for the money,” said Shiro Ohta, Chairman, President, and CEO, Subaru Canada. "When we consider our new ALG acknowledgements and couple it with IHS Automotive: Polk Canada's report that fully 98 per cent of all Subaru vehicles sold in Canada over the last 10 years are still on the road today, we get a strong winning combination of durability and reliability.”
Land Rover topped the top spot in the premium segment for the second year in a row.
“Being awarded "Best Premium Brand" by ALG Canada two years in a row is a great honour for Land Rover, especially in such a competitive segment," says Santino Pirillo, Director of Sales, Jaguar Land Rover Canada. "It is a real testament to the quality, design and value we provide with each model in our family of vehicles."
(From left) Geoff Helby, Canada Regional Director, ALG and Cyril Dimitris, VP of Sales and Marketing, Toyota Canada Inc.
“Year after year, Toyota Canada leads the way with these prestigious awards,” said Larry Hutchinson, President and CEO, Toyota Canada Inc. “It validates the unwavering commitment we have to provide our customers with cars and trucks that deliver sustained, long-term value.”
Full list of 2016 winners:
Mainstream Brand Subaru
Premium Brand Land Rover
City Car Nissan Micra
Subcompact Car Nissan Versa Note
Compact Car Subaru Crosstrek
Midsize Car Honda Accord
Fullsize Car Nissan Maxima
Sports Car Subaru WRX
Alt-Fuel Vehicle Toyota Prius v
Minivan Honda Odyssey
Subcompact Utility Vehicle Kia Soul
Compact Utility Vehicle Honda CR-V
Midsize Utility Vehicle - 2 Row Subaru Outback
Midsize Utility Vehicle - 3 Row Honda Pilot
Fullsize Utility Vehicle Toyota Sequoia
Off-Road Utility Vehicle Toyota 4Runner
Midsize Pickup Toyota Tacoma
Fullsize Pickup Toyota Tundra
Midsize Commercial Van Ford Transit Connect
Fullsize Commercial Van Mercedes-Benz Sprinter
Premium Compact Car MINI Cooper
Premium Midsize Car Acura TLX
Premium Fullsize Car Hyundai Genesis
Premium Executive Car Porsche Panamera
Premium Sports Car Mercedes-AMG GT S
Premium Compact Utility Vehicle Land Rover Discovery Sport
Premium Midsize Utility Vehicle - 2 Row Land Rover Range Rover Sport
Premium Midsize Utility Vehicle - 3 Row Lexus GX
Premium Fullsize Utility Vehicle Mercedes-Benz G-Class