Acura announced today that the TL performance luxury sedan received the 2011 ALG Residual Value Award for Best Near Luxury Car. The ALG Residual Value Awards recognize the vehicle in each industry segment that is predicted to retain the highest percentage of original purchase price after a conventional three-year period.
"It is an honor to win our fourth ALG Residual Value Award for the Acura TL," said Jeff Conrad, vice president of Acura sales. "The Acura TL combines the best of advanced technology, luxury, performance and quality at an unbeatable value".
ALG determines the award winners after carefully studying the competition in each segment, historical vehicle performance and industry trends. Key factors that affect ALG's residual value forecasts include vehicle quality, production levels relative to demand, pricing strategies and resale performance.
"The TL offers an unmatched combination of size, technology and sportiness that buyers love," said Raj Sundaram, SVP, ALG. "Acura's value pricing was also a major factor in the TL claiming the top spot in the near luxury category."
Acura offers a full line of technologically advanced performance luxury vehicles through a network of 270 dealers within the United States. The 2011 Acura lineup features six distinctive models including the RL luxury performance sedan, the TL performance luxury sedan, the TSX sports sedan, the turbocharged RDX luxury crossover SUV, the MDX luxury sport utility vehicle and the all-new ZDX four-door sports coupe.
Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the "Automotive Lease Guide" – the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 40 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).
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