{"id":381832,"date":"2020-11-16T09:03:31","date_gmt":"2020-11-16T14:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381832"},"modified":"2020-11-16T09:03:31","modified_gmt":"2020-11-16T14:03:31","slug":"buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/","title":{"rendered":"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards"},"content":{"rendered":"

\nALG recognizes pre-owned vehicles expected to retain the highest value
\n<\/h2>\n
\n

SANTA MONICA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — ALG, Inc.<\/a>\u00a0the industry benchmark for forecasting future vehicle values, and the analytics subsidiary of\u00a0TrueCar, Inc<\/a>. (NASDAQ:\u00a0TRUE<\/a>) today announced the winners of the 2021 Pre-Owned Value Awards (POVA), ranking Buick and Jaguar as the top Mainstream Brand and Premium Brand respectively.<\/p>\n

\u201cBuick and Jaguar provide consumers the best of both worlds, the luxury and quality of a great vehicle coupled with the value and peace of mind of Certified Pre-Owned (CPO) program benefits. This combination has propelled Buick and Jaguar to the number one brand spots in their respective categories for this year\u2019s Pre-Owned Value Awards,\u201d said Eric Lyman, Chief Industry Analyst at ALG.<\/p>\n

The 2021 POVAs are awarded to vehicles with the lowest forecast depreciation from two years of age to five years of age, during the period 2020-2023. Vehicle segmentation is based on ALG\u2019s proprietary automotive segmentation, which takes into account information such as vehicle size, transaction price, and cross-shop information.<\/p>\n

\u201cAbout half of consumers trade-in their existing vehicle when they\u2019re buying their next car and use that trade-in value toward the purchase of their next car. As consumers begin their vehicle selection process, ALG\u2019s Pre-Owned Value Awards are a great resource in helping consumers identify the used vehicles that best hold their value and get the most bang for the buck upon resale,\u201d add Lyman.<\/p>\n

This is Buick\u2019s first time winning in POVA\u2019s overall Mainstream Brand category and Jaguar\u2019s first time winning in the Premium Brand category.<\/p>\n

For the first time, ALG introduced the Micro Utility category to this year\u2019s awards. Jeep took top honors in the new category with the Jeep Renegade.<\/p>\n

Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.<\/p>\n

\n Below is the full list of 202<\/strong>
\n 1<\/strong>
\n POVA winners:<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n POVA Overall <\/strong>\n <\/td>\n\n Brand <\/strong>\n <\/td>\n<\/tr>\n
Mainstream<\/td>\nBuick<\/td>\n<\/tr>\n
Premium<\/td>\nJaguar<\/td>\n<\/tr>\n
\n POVA Segment <\/strong>\n <\/td>\n\n Model <\/strong>\n <\/td>\n<\/tr>\n
Compact<\/td>\nSubaru Impreza<\/td>\n<\/tr>\n
Compact Utility<\/td>\nBuick Envision<\/td>\n<\/tr>\n
Electric<\/td>\nKia Soul EV<\/td>\n<\/tr>\n
Fullsize<\/td>\nToyota Avalon<\/td>\n<\/tr>\n
Fullsize Commercial<\/td>\nRam Promaster<\/td>\n<\/tr>\n
Fullsize Pickup<\/td>\nRam 1500<\/td>\n<\/tr>\n
Fullsize Utility<\/td>\nGMC Yukon<\/td>\n<\/tr>\n
Micro Utility<\/td>\nJeep Renegade<\/td>\n<\/tr>\n
Midsize<\/td>\nHyundai Sonata<\/td>\n<\/tr>\n
Midsize Commercial<\/td>\nMercedes-Benz Metris<\/td>\n<\/tr>\n
Midsize Pickup<\/td>\nToyota Tacoma<\/td>\n<\/tr>\n
Midsize Utility 2-Row Seating<\/td>\nHyundai Santa Fe Sport<\/td>\n<\/tr>\n
Midsize Utility 3-Row Seating<\/td>\nToyota Highlander<\/td>\n<\/tr>\n
Minivan<\/td>\nHonda Odyssey<\/td>\n<\/tr>\n
Off-Road Utility<\/td>\nJeep Wrangler<\/td>\n<\/tr>\n
Premium Compact<\/td>\nMercedes-Benz CLA Class<\/td>\n<\/tr>\n
Premium Compact Utility<\/td>\nLand Rover Discovery Sport<\/td>\n<\/tr>\n
Premium Executive<\/td>\nLexus LS<\/td>\n<\/tr>\n
Premium Fullsize<\/td>\nVolvo S90<\/td>\n<\/tr>\n
Premium Fullsize Utility<\/td>\nMercedes-Benz GLS-Class<\/td>\n<\/tr>\n
Premium Midsize<\/td>\nInfiniti Q50<\/td>\n<\/tr>\n
Premium Midsize Utility 2-Row Seating<\/td>\nJaguar F-Pace<\/td>\n<\/tr>\n
Premium Midsize Utility 3-Row Seating<\/td>\nInfiniti QX60<\/td>\n<\/tr>\n
Premium Sportscar<\/td>\nPorsche 718 Cayman<\/td>\n<\/tr>\n
Premium Subcompact Utility<\/td>\nMercedes-Benz GLA-Class<\/td>\n<\/tr>\n
Sportscar<\/td>\nDodge Challenger<\/td>\n<\/tr>\n
Subcompact<\/td>\nHonda Fit<\/td>\n<\/tr>\n
Subcompact Utility<\/td>\nHonda HR-V<\/td>\n<\/tr>\n<\/table>\n

\n About ALG<\/strong>\n <\/p>\n

Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market industry insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 55 years and in Canada since 1981.<\/p>\n

\n About TrueCar<\/strong>\n <\/p>\n

TrueCar\u00a0is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new and used cars — all with a clear view of what’s a great deal. When they are ready,\u00a0TrueCar\u00a0will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency and fairness are the foundation of a great car buying experience. As part of our marketplace,\u00a0TrueCar\u00a0powers car-buying programs for over 250 leading brands, including AARP, Sam\u2019s Club, and\u00a0American Express. Nearly half of all new-car buyers engage with\u00a0TrueCar\u00a0powered sites, where they buy smarter and drive happier.\u00a0TrueCar\u00a0is headquartered in\u00a0Santa Monica, California, with offices in\u00a0Austin, Texas\u00a0and\u00a0Boston, Massachusetts.<\/p>\n

For more information, please visit\u00a0www.truecar.com<\/a>, and follow us on\u00a0Facebook<\/a>\u00a0or Twitter<\/a>.\u00a0TrueCar\u00a0media line: +1-844-469-8442 (US toll-free) | Email:\u00a0pr@truecar.com<\/a>\u00a0<\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/b0fef259-2f71-4b56-9ba6-5c3f0cfdb54a<\/a><\/p>\n


\n
\n \n <\/div>\n

\n
TrueCar and ALG PR Contact:\r\nShadee Malekafzali\r\nshadee@truecar.com\r\n424.258.8694<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
ALG recognizes pre-owned vehicles expected to retain the highest value SANTA MONICA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — ALG, Inc.\u00a0the industry benchmark for forecasting future vehicle values, and the analytics subsidiary of\u00a0TrueCar, Inc. (NASDAQ:\u00a0TRUE) today announced the winners of the 2021 Pre-Owned Value Awards (POVA), ranking Buick and Jaguar as the top Mainstream Brand and Premium Brand respectively. \u201cBuick and Jaguar provide consumers the best of both worlds, the luxury and quality of a great vehicle coupled with the value and peace of mind of Certified Pre-Owned (CPO) program benefits. This combination has propelled Buick and Jaguar to the number one brand spots in their respective categories for this year\u2019s Pre-Owned Value Awards,\u201d said Eric Lyman, Chief Industry Analyst … <\/p>\n
Continue reading “Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381832","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBuick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ALG recognizes pre-owned vehicles expected to retain the highest value SANTA MONICA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — ALG, Inc.\u00a0the industry benchmark for forecasting future vehicle values, and the analytics subsidiary of\u00a0TrueCar, Inc. (NASDAQ:\u00a0TRUE) today announced the winners of the 2021 Pre-Owned Value Awards (POVA), ranking Buick and Jaguar as the top Mainstream Brand and Premium Brand respectively. \u201cBuick and Jaguar provide consumers the best of both worlds, the luxury and quality of a great vehicle coupled with the value and peace of mind of Certified Pre-Owned (CPO) program benefits. This combination has propelled Buick and Jaguar to the number one brand spots in their respective categories for this year\u2019s Pre-Owned Value Awards,\u201d said Eric Lyman, Chief Industry Analyst … Continue reading "Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T14:03:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjAwNSMzODI2NzIzIzIwMDcyNTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards\",\"datePublished\":\"2020-11-16T14:03:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/\"},\"wordCount\":831,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NjAwNSMzODI2NzIzIzIwMDcyNTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\\\/\",\"name\":\"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards - 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(NASDAQ:\u00a0TRUE) today announced the winners of the 2021 Pre-Owned Value Awards (POVA), ranking Buick and Jaguar as the top Mainstream Brand and Premium Brand respectively. \u201cBuick and Jaguar provide consumers the best of both worlds, the luxury and quality of a great vehicle coupled with the value and peace of mind of Certified Pre-Owned (CPO) program benefits. This combination has propelled Buick and Jaguar to the number one brand spots in their respective categories for this year\u2019s Pre-Owned Value Awards,\u201d said Eric Lyman, Chief Industry Analyst … Continue reading \"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T14:03:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjAwNSMzODI2NzIzIzIwMDcyNTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards","datePublished":"2020-11-16T14:03:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/"},"wordCount":831,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjAwNSMzODI2NzIzIzIwMDcyNTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/buick-and-jaguar-win-overall-brand-honors-in-5th-annual-2021-alg-pre-owned-value-awards\/","name":"Buick and Jaguar Win Overall Brand Honors in 5th Annual\u00a02021 ALG Pre-Owned Value Awards - 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