ALG announced the winners of its second annual Pre-Owned Value Awards (POVA), ranking Toyota and Mercedes-Benz as the top mainstream brand and premium brand, respectively.
2017 Pre-Owned Value Awards are awarded to vehicles with the smallest forecasted depreciation from two to five years of age during the period from 2017 – 2020. The awards will be presented to automakers during the New York International Auto Show.
Mercedes-Benz boasts awards in four individual segments, including the high volume premium midsize and premium compact utility segments with the C-Class and M-Class, respectively.
Toyota continued its winning streak as the overall winner for mainstream brands with six vehicle segment awards, including the Tacoma, 4Runner, and Land Cruiser receiving awards in the midsize pickup, off-road utility and premium full-size utility segments, respectively.
Award winners are determined through analysis of used-vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.