ALG chief industry analyst Eric Lyman describes certified pre-owned vehicles as a “key contributor to franchise dealer profitability,” and “an indispensable tool for automakers to manage off-lease volume.”
With that in mind, ALG announced the winners of the 2020 Pre-Owned Value Awards, which Lyman says help consumers “zero in on desirable late-model used vehicles that hold their value the most over the next three years.”
For 2020, ALG ranked Toyota and Lexus as the top mainstream brand and premium brand across the board.
ALG awarded the 2020 Pre-Owned Value Awards to vehicles with the lowest forecasted depreciation from 2 years of age to 5 years of age, during the period 2019-2022. ALG bases vehicle segmentation on its proprietary automotive segmentation. That takes into account information such as vehicle size, transaction price, and cross-shop information.
The company will present the awards to automakers today during Used Car Week 2019 in Las Vegas.
With six segment awards, Toyota is the Mainstream Brand leader. The Sequoia, Camry, Tacoma, Highlander, Sienna and 4Runner were the winners, and Toyota has now won POVA’s overall Mainstream Brand category three times.
In the Premium category, Mercedes-Benz leads as the front-runner with four awards in the Electric, Midsize Commercial, Premium Compact and Premium Executive categories.
This year, ALG introduced the Premium Subcompact Utility category, with the Audi Q3 taking top honors.
In the Premium Performance category The Nissan GT-R continued its dominance. That vehicle won the Pre-Owned Value Award for the fourth year in a row.
ALG determines award winners through analysis of used-vehicle performance, brand outlook and product competitiveness.
To be eligible for a brand award, a manufacturer must 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.
The full list of winners:
Electric: Mercedes B-Class
Compact: Ford C-Max
Compact utility: Jeep Compass
Full size: Kia Cadenza
Full-size commercial: Ram ProMaster
Full-size pickup: GMC Sierra 1500
Full-size utility: Toyota Sequoia
Midsize: Toyota Camry
Midsize commercial: Mercedes-Benz Metris
Midsize pickup: Toyota Tacoma
Midsize utility 2nd row seating: Subaru Outback
Midsize utility 3rd row seating: Toyota Highlander
Minivan: Toyota Sienna
Off-road utility: Toyota 4Runner
Premium Subcompact utility: Audi Q3
Premium compact: Mercedes-Benz CLA Class
Premium compact utility: Land Rover Discovery Sport
Premium executive: Mercedes-Benz S-Class
Premium fullsize: Cadillac CT6
Premium fullsize utility: Cadillac Escalade
Premium midsize: Infiniti Q50
Premium midsize utility 2nd row seating: Lexus RX
Premium midsize utility 3rd row seating: Lexus GX
Premium sportscar: Nissan GT-R
Sportscar: Subaru BRZ
Subcompact: Mitsubishi Mirage
Subcompact utility: Honda HR-V