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.