Buick was the top-rated mainstream brand in the 2021 ALG Pre-Owned Value Awards, which aims to identify the vehicles that will have the lowest amount of depreciation between 2020 and 2023.
This is the first time the General Motors brand has taken first overall in the mainstream segment in the ALG Pre Owned Value Awards. The research firm says it “takes into account information such as vehicle size, transaction price, and cross-shop information,” when predicting future pre-owned vehicle valuation and only considers vehicles from two years of age to five years of age.
Jaguar joined Buick at the top of the ranking, taking the top position among luxury brands.
“Buick and Jaguar provide consumers the best of both worlds, the luxury and quality of a great vehicle coupled with the value and peace of mind of Certified Pre-Owned (CPO) program benefits,” Chief Industry Analyst at ALG, Eric Lyman, said in a statement. “This combination has propelled Buick and Jaguar to the number one brand spots in their respective categories for this year’s Pre-Owned Value Awards.”
The Buick Envision also too ka segment-level award in the study, leading the Compact Utility category. Competitors in this segment include the Toyota RAV4, Acura RDX, Mazda CX-5 and Honda CR-V. This was the only segment-level award for Buick, despite the brand’s leading overall performance in the study.
ALG says that right now, about half of all buyers “trade-in their existing vehicle when they’re buying their next car and use that trade-in value toward the purchase of their next car.” This can make pre-owned value particularly important for new vehicle owners in 2020, as it can avoid having a dealership offer up a pitifully low trade-in value when it comes time to trade up.
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Comments
That’s good news. Two things about resale value however. First, the bigger the rebates on vehicles, the lower the resale value will be. It stands true for all brands. Second, true resale value needs to be figured base on the real transnational prices and not the MSRP. Nobody pays full MSRP.
That Chinese Buick Envision really has a TRANSNATIONAL price!
Congratulations, Buick!