The GMC Sierra HD topped its segment in the J.D. Power 2022 U.S. ALG Residual Value Awards, which aims to identify the vehicles that will retain the highest percentage of their original MSRP on the second-hand market.
The GMC Sierra HD won the J.D. Power 2022 U.S. ALG Residual Value Award for the Full-size Heavy Duty Pickup segment, beating out other heavy-duty trucks like the Ford Super Duty and Ram Heavy Duty. The Toyota Tundra won the Full-size Pickup category, while the Toyota Tacoma took top honors in the Mid-size Pickup category.
J.D. Power and its value projection subsidiary ALG evaluated 284 models for this year’s award. To determine whether or not the vehicle will have strong residual value, the company analyzes the nameplate’s average pricing on the used market, along with other factors like brand outlook and overall product competitiveness.
Eric Lyman, vice president of ALG, says 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.” Other variables that affect the actual residual value of a vehicle include mileage, quality/reliability and options and equipment packages. Other less obvious factors also play a part, such as the weather in a certain region and macroeconomics.
This year’s 2022 U.S. ALG Residual Value Awards saw many foreign vehicles top their segments, with the GMC Sierra HD one of the few domestic products to take home an award. Other American vehicles on the list included the Dodge Challenger (Fullsize passenger car), Chevy Tahoe (Fullsize Utility), Jeep Grand Wagoneer (Premium Fullsize Utility) and Ford Bronco (Offroad Utility). Honda and Hyundai took home the most model-level awards at three apiece, while various other foreign automakers won two categories, including Audi, Kia, Land Rover, Mercedes-Benz, Subaru and Toyota.