ALG, which is the residual-value focused arm of research firm J.D. Power, published the results of its 2022 Canada Residual Value Awards this week, with the GMC Savana utility van securing top honors in its segment.
For the 2022 model year, ALG awarded a total of 16 different brands across 29 vehicle segments. The evaluation process accounted for 274 different vehicle model lines, which were analyzed on a variety of factors including used market performance, brand outlook and overall product competitiveness. The GMC Savana came out on top in its class, beating out rivals like the Chevy Express, Ford Transit and Mercedes-Benz Sprinter. This means the GMC Savana will likely retain a greater percentage of its original value going forward than any of its rivals.
General Motors Canada performed well in this study, with the Detroit-based automaker’s Canadian subsidiary tying with Toyota Canada for the most segment-level awards. In addition to the GMC Savana, other GM vehicles that took home segment-level residual value awards included the Chevy Bolt EV, Chevy Corvette, Chevy Silverado 2500HD, GMC Yukon and GMC Savana. Toyota won awards for the Camry sedan, RAV4 crossover, Highlander and 4Runner SUVs, Tundra and Tacoma pickups and the Sienna minivan.
Pricing for the 2022 GMC Savana Passenger starts at $38,495 including destination and freight charges for the 2500 Regular Wheelbase model equipped with the naturally aspirated 4.3L LV3 V6. Pricing for the 2022 GMC Savana Cargo, meanwhile, starts at $34,295 including destination and freight charges for the 2500 Regular Wheelbase model equipped with the same 4.3L LV3 V6.
GMC Savana sales rose 34 percent in Q4 2021 from 3,099 units to 4,238 units. GM sold a total of 17,744 units of the utility van last year, up 17.4 percent from 15,108 units in 2020.