The Car Geek: Range Rover Sport Wins Residual Award!

The Car Geek

Sunday, November 04, 2007

Range Rover Sport Wins Residual Award!

It wasn’t long before another Ford subsidiary came out victorious with this month’s various awarding events. Just recently, the Ford Mondeo was crowned as the 2007 Scottish Car of the Year! And this time, the Land Rover took center stage to take a crown as well! For the past few days, things are turning sizzling hot like the Isuzu radiator! Whew…

Land Rover North America, a division of Ford Motor Company, recently announced that the 2008 Range Rover Sport earned the Automotive Lease Guide (ALG) Residual Value Award for the Luxury CUV segment. The ALG Residual Value Award evaluates the best models that retained the highest percentage of their purchasing price after three years of leasing. The 2008 Range Rover Sport dominated other competitors in the segment and bagged the trophy.

Acccording to Chris Marchand, the executive vice president of Marketing and Sales, Land Rover North America:

“We understand the importance of residual values in our highly competitive business and are delighted by this recognition.”

Here is the complete list of the winners of the Automotive Lease Guide Residual Value Award along with their respective segments.

  • Compact Car: Mini Cooper
  • Midsize Car: Honda Accord
  • Fullsize Car: Toyota Avalon
  • Sporty Car Volkswagen Eos
  • Near Luxury Car: Infiniti G35/37
  • Luxury Car: BMW 5 Series
  • Luxury Sports Car: BMW 6 Series
  • Minivan: Honda Odyssey
  • CUV Subaru: Tribeca
  • Luxury CUV: Range Rover Range Rover Sport
  • Compact SUV: Jeep Wrangler
  • SUV Toyota: 4Runner
  • Luxury SUV: Lexus GX470
  • Compact Truck: Toyota Tacoma Pickup
  • Fullsize Truck: GMC/Chevy Sierra/Silverado

“The 2008 awards prove once again that compelling design, high quality manufacturing and disciplined pricing and volume programs are essential to achieve the highest residual value,” concluded John Blair, Chief Executive Officer of Automotive Lease Guide.