Chevy Tahoe Wins J.D. Power 2022 ALG Residual Value Award0
The Chevy Tahoe was recently recognized by data analytics and consumer intelligence company J.D. Power in the company’s recent 2022 U.S. ALG Residual Value Awards.
The J.D. Power U.S. ALG Residual Value Awards project which models will hold the highest percentage of their MSRP after three years of ownership. The awards were determined by ALG, a division of J.D. Power.
The Chevy Tahoe was the top model in the Fullsize Utility segment of the awards. Other notable models include the Subaru Forester in the Compact Utility segment, the Jeep Grand Wagoneer in the Premium Fullsize Utility Segment, and the Ford Bronco in the Off-Road Utility segment.
For the latest 2022 J.D. Power U.S. ALG Residual Value Awards, a total of 284 different models were evaluated, with 29 individual vehicle segments recognized. Additionally, J.D. Power looked at 16 different brands for awards in either the Mass Market segment or Premium segment, with Honda securing the win in the former, and Lexus securing the win in the latter.
As J.D. Power points out, there are several factors to consider when projecting the residual value of a vehicle over a multi-year lease term. A few examples include mileage, quality and reliability, equipped options, and the broader macroeconomic environment.
“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said vice president of ALG, Eric Lyman. “The brands and vehicle models that rise to the top demonstrate that they score well across the award program’s criteria, including manufacturers’ superior design and quality.”
As a reminder, the 2022 Chevy Tahoe is the second model year of the fifth-generation nameplate, based on the GM T1 body-on-frame platform. Engine options include the naturally aspirated 5.3L V8 L82 gasoline engine, the naturally aspirated 6.2L V8 L87 gasoline engine, and the 3.0L I6 LM2 turbodiesel Duramax. Production takes place at the GM Arlington assembly plant in Arlington, Texas.
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