J.D. Power released its 2023 ALG Residual Value Awards last week, and topping the mass-market brand rankings for the second year in a row was Honda, while Lexus earned best premium brand honors for the third straight year.

Breaking it down by segment, Kia earned five model-level awards to top the list, with Honda and Toyota each next with four.

Kia also earned honors as most improved mass market brand, as it climbed three spots in the rankings, while Porsche (which climbed four) was most improved among premium brands.

“This year’s achievement by Kia speaks volumes about how far the brand has come,” Eric Lyman, who is vice president of the  ALG division at J.D. Power, said in a news release. “The marketplace is acknowledging that Kia has a very strong product lineup in terms of design, quality and residual values. Kia has become a force to be reckoned with.”

Award-winning vehicles broken down by brand be found below:

• Kia: K5, Rio, Sportage, Soul and Telluride
• Honda: Civic, Passport, HR-V and Odyssey
• Toyota: GR Supra, 4Runner, Tacoma and Tundra
• Land Rover: Range Rover Velar, Discovery and Range Rover Evoque
• Chevrolet: Bolt EV and Silverado 2500 HD
• Lexus: IS and LX
• Mercedes-Benz: AMG GT 4-Door and Metris
• Porsche: 911 and Macan
• Acura: Integra
• Audi: A6 Allroad
• GMC: HUMMER EV Pickup
• Jeep: Wagoneer
• Subaru: WRX
   

In a separate news release from Stellantis, Jim Morrison — who is senior vice president and head of Jeep brand North America — said of the Jeep Wagoneer earning honors in the large SUV category: “Wagoneer is a breakthrough vehicle if ever there was one.

“The market was waiting for a product with its unique blend of prestige, capability and comfort. Like the original, Wagoneer has filled a significant void, and it's done so with genuine flair, demonstrating our commitment to redefining American premium and a unique customer experience.”