12/29/2022 0 Comments Highest residual value carsPower evaluated 284 models for used-vehicle performance, brand outlook and product competitiveness. ALG Residual Value study forecasts resale value based on additional criteria, including design and quality, and the desirability of the brand and its specific models.įor 2022, J.D. Toyota: Tacoma (Mid-Size Pickup), Tundra (Full-Size Pickup)Ī vehicle’s depreciation - the rate at which it loses value over time - is determined by a combination of factors, such as mileage and condition.Subaru: WRX (Sports Car), Forester (Compact Utility).Mercedes-Benz: AMG GT 4-Door (Premium Executive), Metris (Commercial Van).Land Rover: Range Rover Velar (Premium Mid-Size Utility Two-Row Seating), Discovery (Premium Mid-Size Utility Three-Row Seating).Kia: K5 (Mid-Size), Telluride (Mid-Size Three-Row Seating).Audi: A6 Allroad (Premium Full-Size), Q3 (Premium Subcompact Utility).Hyundai: Accent (Subcompact), Kona (Micro Utility), Kona EV (Mass-Market Electric).Honda: Civic (Compact), Passport (Mid-size Utility Two-Row Seating), Odyssey (Minivan).A handful of other brands earned two category awards apiece. Its Accent sedan, Kona SUV and Kona Electric SUV won their respective categories. In addition to Honda, Hyundai was the only other brand to score three category awards. The NX SUV was the brand’s sole category winner for Premium Compact Utility, while the LS sedan - a longtime leader for the Premium Executive category - was unseated by the Mercedes-AMG GT 4-Door.Īnother upset for 2022 is the all- new Ford Bronco SUV, which came out of the gate in the Off-Road Utility segment to beat prior winners including the Jeep Wrangler and Toyota 4Runner. Meanwhile, Lexus was honored as the best premium brand for overall residual value. Power purchased ALG, a residuals consultancy originally known as Automotive Lease Guide, in 2020.) The automaker also walked away with three model-level awards to back up the designation: The Civic sedan and hatchback, Passport SUV and Odyssey minivan were top performers in their respective designated categories for compact cars, mid-size two-row SUVs and minivan. Honda takes the grand prize among mass-market brands in the 2022 ALG Residual Value Awards. Related: Now Is a Good Time to Sell Your Extra Used Car Here’s Why Which Brands Have the Best Resale Value? ALG Residual Value Awards rank mass-market and luxury brands based on their forecasted resale value after three years of ownership, and Honda and Lexus top the lists for 2022. As new-vehicle prices soar, an often overlooked part of the equation - the vehicle’s residual value - can offer a silver lining. Then comes a calculation of the monthly car payment. The first step is to tally up the total cost, including the MSRP and any optional add-ons, taxes and fees. Most shoppers know to crunch the numbers before buying a new vehicle.
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