ALG, an industry authority on automotive residual value projections in both Canada and the United States, today announced the winners of its 2020 Pre-Owned Value Awards (POVA), ranking Toyota and Lexus as the top Mainstream Brand and Premium Brand across the board.
"Toyota and Lexus were early champions of the Certified Pre-Owned (CPO) marketplace, which combined with their reputation for durability and quality, lands them the 2020 Brand Awards for Pre-Owned Value," said Eric Lyman, Chief Industry Analyst, ALG.
- Also: New Cars and Trucks with the Highest Residual Value in 2020
- Also: Cars and Trucks with the Best Resale Value in 2019
The 2020 POVAs are awarded to vehicles with the lowest forecasted depreciation from two years of age to five years of age, during the period 2019-2022.
Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand award requires a manufacturer to have vehicle entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.
Below is the full list of 2020 POVA winners:
Best Subcompact Car: Mitsubishi Mirage
Best Subcompact Utility: Honda HR-V
Best Premium Subcompact Utility: Audi Q3
Best Compact Car: Ford C-Max
Best Premium Compact Car: Mercedes-Benz CLA-Class
Best Compact Utility: Jeep Compass
Best Premium Compact Utility: Land Rover Discovery Sport
Best Midsize Car: Toyota Camry
Best Premium Midsize Car: Infiniti Q50
Best Midsize Utility (2 rows): Subaru Outback
Best Midsize Utility (3 rows): Toyota Highlander
Best Premium Midsize Utility (2 rows): Lexus RX
Best Premium Midsize Utility (3 rows): Lexus GX
Best Full-size Car: Kia Cadenza
Best Premium Full-size Car: Cadillac CT6
Best Full-size Utility: Toyota Sequoia
Best Premium Full-size Utility: Cadillac Escalade
Best Premium Executive Car: Mercedes-Benz S-Class
Best Sports Car: Subaru BRZ
Best Premium Sports Car: Nissan GT-R
Best Off-road Utility: Toyota 4Runner
Best Minivan: Toyota Sienna
Best Midsize Pickup: Toyota Tacoma
Best Full-size Pickup: GMC Sierra 1500