Subaru and Jaguar topped the overall mainstream and luxury brand categories, respectively, in ALG’s third annual Pre-Owned Value Awards announced last week, while Nissan and Mercedes-Benz led the individual model portion with three wins each.
The 2019 Pre-Owned Value Awards, also known as POVAs, recognize the 2-year-old used vehicles that are expected to have the lowest forecasted depreciation over the next three years.
“With both certified pre-owned sales and used-vehicle values transacting near record highs, the importance of retained value among used-vehicle shoppers is more important than ever,” ALG senior vice president Eric Lyman said in a news release.
“New-vehicle transaction prices and rising interest rates are making late-model CPO vehicles a more attractive option for traditional new-car buyers,” Lyman said. “ALG’s Pre-Owned Value Award measures depreciation and resale value, two leading drivers of purchase consideration in the new-vehicle market, and applies them to used vehicles, creating a beacon for value-oriented buyers.
Subaru won the POVA in the mainstream overall category, with Jaguar earning premium honors.
Nissan earned wins in the premium sportscar, minivan and midsize categories, while Mercedes three wins were in the midsize commercial, full-size commercial and premium midsize segments.
The complete list of honorees can be found below:
Electric: Volkswagen e-Golf
Compact: Volkswagen Golf
Compact Utility: Subaru Forester
Fullsize: Ford Taurus
Fullsize Commercial: Mercedes-Benz Sprinter
Fullsize Pickup: GMC Sierra 1500
Fullsize Utility: Chevrolet Suburban
Midsize: Nissan Altima
Midsize Commercial: Mercedes-Benz Metris
Midsize Pickup: Toyota Tacoma
Midsize Utility 2nd Row Seating: Subaru Outback
Midsize Utility 3rd Row Seating: Toyota Highlander
Minivan: Nissan Quest
Off-Road Utility: Jeep Wrangler
Premium Compact: BMW 2 Series
Premium Compact Utility: Land Rover Ranger Rover Evoque
Premium Executive: BMW 7 Series
Premium Fullsize: Hyundai Genesis
Premium Fullsize: Utility Lexus LX
Premium Midsize: Mercedes-Benz C-Class
Premium Midsize Utility 2nd Row Seating: Infiniti QX70
Premium Midsize Utility 3rd Row Seating: Acura MDX
Premium Sportscar: Nissan GT-R
Sportscar: Chevrolet SS
Subcompact: Kia Rio
Subcompact Utility: Honda HR-V