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SANTA MONICA, Calif., Nov 11, 2019 (GLOBE NEWSWIRE via COMTEX) — ALG recognizes pre-owned cartage predicted to absorb the accomplished value; Toyota leads the backpack with six agent articulation awards
— Toyota achieves the top atom in the Mainstream Cast class and Lexus wins the top atom in the Luxury Cast category.
— Toyota earns the best articulation awards with six class wins.
— For the aboriginal time, ALG alien new class this year: Premium Subcompact Utility. Audi took top ceremoniousness in the class with the Audi Q3.
— The Pre-Owned Amount Awards are presented to the winners at Acclimated Car Week on November 11, 2019.
ALG, the industry criterion for forecasting approaching agent values, and the analytics accessory of TrueCar, Inc.
today appear the winners of the 2020 Pre-Owned Amount Awards (POVA), baronial Toyota and Lexus as the top Mainstream Cast and Premium Cast beyond the board.
“Toyota and Lexus were aboriginal champions of the Certified Pre-Owned (CPO) marketplace, which accumulated with their acceptability for backbone and quality, acreage them the 2020 Cast Awards for Pre-Owned Value,” said Eric Lyman, Chief Industry Analyst, ALG.
The 2020 POVAs are awarded to cartage with the everyman forecasted abrasion from two years of age to bristles years of age, during the aeon 2019-2022. Agent assay is based on ALG’s proprietary automotive segmentation, which takes into annual advice such as agent size, transaction price, and cross-shop information. The awards will be presented to automakers on November 11 at Acclimated Car Week 2019 in Las Vegas, Nevada.
“CPO cartage are a key contributor to authorization banker advantage and accept become an basal apparatus for automakers to administer off-lease volume,” connected Lyman. “As CPO cartage accept connected to advance a acceleration in acceptance and volume, ALG’s Pre-Owned Amount Awards advice consumers aught in on adorable backward archetypal acclimated cartage that ascendancy their amount the best over the abutting three years.”
Toyota is the Mainstream Cast baton with six articulation awards, including the Sequoia, Camry, Tacoma, Highlander, Sienna and 4Runner. This is Toyota’s third time acceptable in POVA’s all-embracing Mainstream Cast category.
Mercedes leads as the beloved in the Premium class with four awards in the Electric, Midsize Commercial, Premium Compact and Premium Executive categories.
For the aboriginal time, ALG alien the Premium Subcompact Utility class to this year’s awards. Audi took top ceremoniousness in the new class with the Audi Q3.
The Nissan GT-R connected its ascendancy in the Premium Achievement class acceptable the POVA for the fourth year in a row.
Award winners are bent through accurate assay of acclimated agent performance, cast angle and artefact competitiveness. Eligibility for a cast accolade requires a architect to accept agent entries in at atomic four altered segments. To annual for differences beyond trim levels, archetypal averages are abounding based on allotment allotment about to the absolute archetypal line.
Below is the abounding account of 2020 POVA winners:
Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry ascendancy on automotive balance amount projections in both the United States and Canada. By allegory about 2,500 agent trims anniversary year to appraise balance value, ALG provides auto industry and banking casework audience with bazaar industry insights, balance amount forecasts, consulting and agent portfolio administration and accident services. ALG is a wholly-owned accessory of TrueCar, Inc., a agenda automotive exchange that provides absolute appraisement accuracy about what added bodies paid for their cars. ALG has been publishing balance ethics for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada back 1981.
is a agenda automotive exchange that provides absolute appraisement accuracy about what added bodies paid for their cars and enables consumers to appoint with TrueCar Certified Dealers who are committed to accouterment a above acquirement experience. TrueCar operates its own branded armpit and its civic arrangement of added than 16,500 Certified Dealers additionally admiral car-buying programs for some of the better U.S. associates and account organizations, including USAA, AARP, American Express, AAA and Sam’s Club. Over bisected of all new car buyers appoint with the TrueCar arrangement during their purchasing process. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For added information, amuse appointment www.truecar.com, and chase us on Facebook or Twitter. TrueCar media line: 1-844-469-8442 (US toll-free) Email: [email protected]