27 November, 2018
Jaguar Land Rover is proud to announce both the Jaguar and Land Rover brands have received 2019 ALG Residual Value Awards in the U.S., including “Best Premium Brand” for Land Rover and highest residual value in the electric vehicle segment for the Jaguar I-PACE. ALG is the industry benchmark for residual values and depreciation data.
In addition to the esteemed “Best Premium Brand” award, four vehicles in the 2019 Land Rover lineup were also recognized as category leaders. The Land Rover Discovery Sport was awarded “Best Premium Compact Utility,” the Land Rover Discovery won “Best Premium Mid-Size Utility 3rd Row Seating,” the Range Rover won the “Premium Full-Size Utility” category, and for the twelfth year in a row, the Range Rover Sport was named “Best Premium Mid-Size Utility 2nd Row Seating.”
“We are honored to receive six ALG Residual Value Awards this year for the Jaguar and Land Rover brands, including ‘Best Premium Brand’ for Land Rover,” said Kim McCullough, Vice President, Marketing, Jaguar Land Rover North America LLC. “To also have the Jaguar I-PACE, our first all-electric vehicle, awarded as a leader in the electric category is truly a testament to the quality, design, innovation and value that the our two iconic brands offers customers.”
The annual ALG Residual Value Awards recognize automakers’ outstanding achievements for vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. Awards are given in 26 vehicle categories and also for the two brands with the highest overall predicted residual values among all mainstream and all premium vehicles. This year’s awards are based on 2019 model year vehicles.
“Land Rover continues to dominate ALG’s annual Residual Value Awards, taking home trophies in every segment the brand competes in as well as the overall Premium Brand award, showcasing the high demand and value delivered by strong product and disciplined sales management,” said Justin Colon, Senior Manager, ALG. “While Land Rover boasts accolades supported by the brands rugged yet refined off-road reputation, Jaguar is making strides in the burgeoning electric landscape with the I-PACE, winner of the inaugural Residual Value Award in the Electric segment. The wins for both Jaguar and Land Rover serve as bookends of value for the sibling British automakers among premium brands.”
Receiving the award for “Best Electric,” the Jaguar I-PACE joins the ‘PACE’ family of Jaguar SUVs and is the first battery electric vehicle to be offered by the Jaguar brand. The mid-size performance SUV has a bold, cab-forward design that combines a supercar silhouette and sports car driving characteristics, with the flexibility of an EPA estimated electric range of 234 miles1 and five-seat SUV versatility.
Retaining the title for “Best Premium Mid-Size Utility 2nd Row Seating” for the twelfth consecutive year, the Range Rover Sport is a luxury performance SUV with dynamic on-road character as well as all-terrain capability embodying the Land Rover brand’s drive to go above and beyond. For 2019, a new Plug-In Hybrid Electric (PHEV) derivative is available within the Range Rover Sport and Range Rover lineup, giving customers even more choice two available supercharged gasoline options with four output ratings, a powerful turbocharged diesel engine, and for the first time ever, an advanced PHEV. The Range Rover represents the pinnacle of luxury travel, making every journey a treasured experience.
Combining British desirability with an unstoppable spirit of adventure, the Land Rover Discovery is an authentic, full-size, seven-seat SUV2 that brings new levels of capability and versatility to the brand family. The Discovery Sport is a premium versatile compact SUV demonstrates the breadth of Land Rover ability, offering customers all-terrain capability, a premium interior and seating for up to seven people2.
ALG award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand and pricing and marketing strategies represent key factors that impact ALG’s residual value forecasts.
For additional information about the ALG Awards, visit www.alg.com/residual-value-awards.html.
1 EPA estimated all-electric range is 234 miles with a fully charged battery and 80 city, 72 highway, and 76 combined MPGe. MPGe is the EPA-equivalent measure of gasoline fuel efficiency for electric mode operation. All figures are EPA estimates. Actual range and mileage will vary with driving conditions and style, and other factors.
2 Third row seating is an optional feature on select Discovery and Discovery Sport models.
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 50 years and in Canada since 1981.
About Jaguar Land Rover
Jaguar Land Rover is the UK’s largest automotive manufacturer, built around two iconic British car brands: Land Rover, the world’s leading manufacturer of premium all-wheel-drive vehicles; and Jaguar, one of the world’s premier luxury sports saloon and sports car marques.
At Jaguar Land Rover, we are driven by a desire to deliver class-leading vehicles, which will provide experiences our customers will love, for life. Our products are in demand around the globe. In 2017/18 Jaguar Land Rover sold 614,309 vehicles in 129 countries, with more than 80 per cent of our vehicles being sold abroad.
We support around 260,000 people through our retailer network, suppliers and local businesses. Manufacturing is centred in the UK, with additional plants in China, Brazil, Austria and Slovakia.
Our innovation is continuous: we will spend in the region of £4 billion this year on new product creation and capital expenditure.
From 2020 all new Jaguar Land Rover vehicles will be electrified, giving our customers even more choice. We will introduce a portfolio of electrified products across our model range, embracing fully electric, plug-in hybrid and mild hybrid vehicles as well as continuing to offer the latest diesel and petrol engines.