TROY, Mich.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States”
The updated release reads:
J.D. POWER ANNOUNCES 2022 U.S. ALG RESIDUAL VALUE AWARDS
Honda (Mass Market) and Lexus (Premium) Win Brand Awards
ALG, the division of J.D. Power known as the industry benchmark of automotive residual value projections, today announced recipients of the J.D. Power 2022 U.S. ALG Residual Value Awards, highlighted by Honda and Lexus being named brand award winners in the mass market and premium segments, respectively.
“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said Eric Lyman, vice president of ALG. “The brands and vehicle models that rise to the top demonstrate that they score well across the award program’s criteria, including manufacturers’ superior design and quality.”
The J.D. Power U.S. ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. This value retention is a key variable in the lease cost of a vehicle, underscoring an automaker’s success in the areas of long-term...
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