ALG Residual Value Winners
Most people have heard the saying that a new car loses value the moment the owner drives it off a dealer’s lot. Although that is essentially true, some models hold their value over time better than others. To that end, ALG (formerly Automotive Lease Guide), a division of research firm J.D. Power, is the industry benchmark for determining automotive residual values — or what percentage of value a vehicle will retain over time. After calculating factors for 2023 model-year vehicles, the company recently announced the J.D. Power 2023 U.S. ALG Residual Value winners. Winners were chosen after evaluating 291 models for used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand-level award requires a manufacturer to offer vehicles in at least four segments.
Forecasting Residual Values
The Residual Value Awards winners are the models that ALG projects will hold the highest percentage of the original MSRP over three years of ownership. “Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said Eric Lyman, vice president of ALG. “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,” Lyman noted.
In addition to selecting individual vehicles in 29 categories, ALG singled out Honda and Lexus once again as brand award winners in the mass and premium markets, respectively. This win is the third consecutive year for Lexus and the second for Honda. Kia also performed exceptionally well, earning the most awards overall and recognition as the most improved mass-market brand. Here’s a look at the ALG Residual Value Award winners in each category.
Compact — Honda Civic
Now in its 11th generation since 1973, the Honda Civic was redesigned last year. The updated Civic gets built on a new stronger platform with fresh exterior styling. Available as a sedan or hatchback, the Civic features a longer hood for a more premium look, further enhanced by LED lights front and back. The interior has a high-tech vibe thanks to an available LCD driver’s display and a 9-inch HD touchscreen display with wireless Apple CarPlay and Android Auto integration. All levels of the new Civic come with the Honda Sensing suite of advanced driver-assist systems including automatic emergency braking with pedestrian detection, forward collision warning, road departure mitigation, lane departure warning and lane-keeping assist.
Small — Kia Rio
The least expensive car in Kia’s lineup, Rio received refreshed exterior styling last year for a sportier look, including new front and rear bumpers and grille treatment. Inside, Rio features an 8-inch touchscreen display with a rear camera and standard wireless Apple CarPlay and Android Auto for all trim levels. Last year Kia upgraded Rio’s engine to a new 1.6-liter unit with multi-port injection producing 120 horsepower and 112 lb-ft of torque, combined with a new Intelligent Variable Transmission replacing the previous model’s 6-speed automatic. A new Technology Package includes LED headlights, automatic temperature control, 15-inch alloy wheels, a smart key with pushbutton start, and new or enhanced Drive Wise features.
Midsize — Kia K5
Many car companies in America have done away with the traditional family sedan, going all-in on the increasingly popular crossover. Not only is Kia sticking by the sedan, the automaker is doubling down with the all-new K5. Replacing the Optima in the heart of Kia’s sedan lineup, the K5 gets built on an all-new platform with fresh styling, updated features and a range of powerful, efficient engines. The new Kia K5 is longer, lower and wider than the outgoing Optima, which not only gives it a more aggressive stance but also creates more interior space. The K5 comes well equipped even in the base-level trim with features such as a standard 8-inch display screen, wireless Android Auto and Apple CarPlay, and interior materials that provide a premium vibe.
Premium Compact — Lexus IS
Lexus introduced the IS almost 20 years ago, adding a level of performance to what at the time was Toyota’s relatively new luxury brand. Lexus refreshed the IS last year with bold styling, improved performance and a more luxurious interior. The Lexus IS can be configured in two trim levels: IS 300 and IS 350. Rear-wheel drive is standard, and buyers can add all-wheel drive to either trim. For those wanting a bit more potency, Lexus added the high-performance IS 500 F Sport to the lineup, delivering 472 horsepower to the rear wheels from its 5.0-liter V8 engine.
Premium Small — Acura Integra
More than 20 years after the demise of the sporty Integra, the name returns on a new car possessing many similar qualities that popularized the original model. The new Integra has a liftback body style with a coupelike profile, both inspired by the original 1986 5-door Integra. This new fully modern model has a design language first seen on the 2019 Acura RDX. The new sport compact has a front fascia featuring the first use of a frameless Acura Diamond Pentagon grille flanked by the brand’s signature Jewel Eye LED headlights. Powering the 2023 Acura Integra is a 1.5-liter turbocharged VTEC 4-cylinder engine producing 200 horsepower and 192 lb-ft of torque. Power gets directed to the front wheels via a short-throw 6-speed manual gearbox that features rev matching, which blips the throttle for precise downshifts every time.
Premium Midsize — Audi A6 allroad
Audi introduced a new A6 sedan for the 2019 model year, with the A6 allroad wagon joining the lineup one year later. The Audi A6 allroad features the latest styling cues of the Audi brand blended with a more rugged design that includes an allroad-specific grille, unique 20-inch wheels and a matte finish on wheel arches and rocker panels. Matrix-style LED headlights and taillights add to the premium look. The A6 allroad also has a turbocharged 335-horsepower V6 engine, quattro all-wheel drive and adaptive air suspension that can provide an additional 1.2 inches of ground clearance for off-road adventuring.
Premium Large — Mercedes-Benz AMG GT 4-Door
As the tuning group closely associated with Mercedes Benz, AMG usually produces a more muscular version of an existing Mercedes-Benz model. However, the AMG GT 4-Door is the only AMG-specific four door ever produced. This sports car has styling cues that clearly link it to its 2-door sibling. Up front are slim multibeam LED headlights that flank the AMG “shark nose” grille. These feed into a low, long sculpted hood. At the rear are LED taillights and quad exhaust pipes. The AMG GT Four Door is available in four iterations ranging from the GT 43 to the GT 63 S, the latter equipped with a 4.0-liter biturbo V8 producing 630 horsepower — enough oomph to reach 60 mph in 3.1 seconds.
Sports Car — Subaru WRX
Last year Subaru came to market with the fifth generation of the World Rally-inspired WRX, now built on Subaru’s Global Platform. The new platform delivers an impressive upgrade in ride and handling with increased chassis stiffness and a lower center of gravity. The updated WRX features a larger 2.4-liter turbocharged Boxer 4-cylinder engine producing 271 horsepower and 258 lb-ft of torque. Power gets directed to all four wheels via a 6-speed manual gearbox or a new Subaru Performance Transmission. The new WRX is easily recognizable as a Subaru with a larger hexagonal grille flanked by compact LED headlights. A wide hood scoop adds to the sporty character of the new WRX.
Premium Compact Sports Car — Toyota GR Supra
For more than 20 years, Supra enthusiasts have longed for the return of Toyota’s top sports car. It’s finally back, although not without controversy among some Supra loyalists since the Japanese automaker partnered with BMW to develop the chassis and engine. The fourth-generation Supra inspired the current model’s design via a prominent grille flanked by large air intakes. The double-bubble roof design pays tribute to the 2000 GT while reducing drag by lowering the center of the roof without impacting headroom. Supra is offered with two engine options — a 255-horsepower turbocharged 4-cylinder unit or 382 horsepower turbocharged inline 6-cylinder powerplant.
Premium Midsize Sports Car — Porsche 911
The Porsche 911 has carried the same basic shape since the first generation premiered at the Frankfurt Motor Show more than 50 years ago, and folks at the German automaker remain locked on the look. Porsche moved the 911 into its eighth generation (992) a few years back, equipping it with the latest technology, more power, better performance and a more muscular look while remaining as familiar as the first-generation car. Available as a coupe or convertible with rear- or all-wheel drive, the 911 powertrains range from the 379-horsepower turbocharged engine in the Carrera to the 911 Turbo S that has 640 horsepower and the ability to reach 60 mph in a mere 2.6 seconds.
Micro SUV — Kia Soul
Kia introduced the Soul in 2009, when it joined the multiple boxy-looking small SUVs on the market. Since then Soul has evolved into a stylish and unique versatile crossover. The Soul gets updated styling for the 2023 model year with a new grille, redesigned fog lights and available LED headlights with new daytime running lights. Available in multiple trim levels, the Soul’s entry-level LX is one of the lowest-priced vehicles in America and comes well equipped with features such as Android Auto and Apple CarPlay, Bluetooth connectivity and the latest advanced driver-assistance features.
Large SUV — Jeep Wagoneer
One of the first sport-utility vehicles when it debuted in 1962 as a 1963 model, the Jeep Wagoneer was the first 4-wheel-drive vehicle with an automatic transmission and independent front suspension. Now 30 years after the last Wagoneer, Jeep brings back this iconic name on a new fully capable, luxurious, full-size SUV. The Grand Wagoneer tops the model lineup with elegant styling inspired by the original Wagoneer, powered by a 6.4-liter V8 engine producing 471 horsepower with standard all-wheel drive. Inside, the Grand Wagoneer sports a blend of luxury and high tech with soft leather and multiple display screens, including a 10.25-inch display for the front passenger. Jeep recently added the extended-length Wagoneer L as well as a line of powerful new Hurricane twin-turbo engines.
Compact SUV — Kia Sportage
The best-selling model in Kia’s U.S. lineup, the Sportage has been updated for the 2023 model year with a bold design and, for the first time, hybrid and plug-in hybrid versions. Built on the same platform as the Sorento, the new Sportage is 7.1 inches longer and rides on a 3.4-inch longer wheelbase. The Sportage Hybrid is powered by a 1.6-liter turbocharged gasoline direct-injection engine producing 177 horsepower and 195 lb-ft of torque, combined with a 44 kW electric motor and a 13 kW starter generator for a total combined output of 227 horsepower and 258 lb-ft of torque.
Premium Compact SUV — Porsche Macan
The compact premium SUV market is undeniably crowded, but the Macan certainly stands out from said scrum. The second crossover to join the Porsche lineup, Macan still embodies all qualities expected from the iconic German sports car brand. The compact SUV has full-time all-wheel drive and is available in four high-performance trim levels, including the Macan GTS with its 2.9-liter twin-turbo V6 engine producing 434 horsepower and a top speed of 169 mph.
Premium Large SUV — Lexus LX
The largest vehicle in the Lexus lineup with a grille to match, the LX was all new for 2022. Currently, in its fourth generation, the LX600 adopted a new platform that increased rigidity while reducing overall weight for improved ride off-road and on. Powering the LX600 is a 3.5-liter twin-turbo V6 engine that delivers 409 horsepower and 479 lb-ft of torque, giving the big SUV a towing capacity of 8,000 pounds. Available in 4-, 5- or 7-occupant configurations, the elegant LX tops all challengers in terms of best resale values for full-size SUVs. The LX600 features available semi-aniline leather-trimmed seats (with massage functions front and rear), wood trim, and a long list of standard safety and convenience features.
Small SUV — Honda HR-V
The smallest SUV in Honda’s lineup, the HR-V is all new for the 2023 model year with updated styling and a larger 158-horsepower 2.0-liter engine. Available in a range of trims with front- or all-wheel drive, the new HR-V is longer and wider than its predecessor and sports the latest driver-assist technology and a range of new features.
Midsize SUV 2-Row — Honda Passport
Honda’s Passport provides an option for shoppers seeking a large SUV with 5-occupant seating. Passport shares Honda’s Global Light Truck Platform with the larger Pilot, although Passport is not simply a 5-passenger version of the larger SUV. Passport rides on the same wheelbase but is 6 inches shorter, 1-inch taller, and 1-inch wider than the Pilot, providing an overall sportier stance. With high ground clearance as well as aggressive approach and breakover angles, the Passport is designed to excel on and off pavement. Passport received updated styling for the 2022 model year, as well as the addition of a rugged-looking Passport TrailSport.
Midsize SUV 3-Row — Kia Telluride
A new addition to the Kia lineup for 2020, the Telluride midsize crossover offers bold styling, a premium interior, a powerful engine and seating for up to eight occupants. Designed specifically for the U.S. market at Kia’s design center in California, Telluride joined the lineup as the brand’s flagship SUV. Demand for Telluride has not waned much since introduction, thanks partly to its upscale user experience showcasing quality materials — particularly in the top-line Telluride SX with the Prestige Package, which features double-stitched Nappa leather ventilated seats, a premium headliner, a head-up display and a dual-panel sunroof. Telluride gets powered by a 291-horsepower 3.8-liter V6 engine combined with an 8-speed automatic transmission. A revised 2023 Telluride with updated styling and new features is now arriving in showrooms.
Premium Small SUV — Land Rover Range Rover Evoque
The smallest model in the Range Rover family, the Evoque received a significant refresh a few years back. With its decidedly sporty look, the Evoque features a fast roofline and a rising beltline with pronounced shoulders and strong wheel arches. The slim LED headlights, slim LED taillights, flush door handles, and bold air intakes in the lower front fascia add to the premium styling. The Evoque has two available powertrains including a new 48-volt mild-hybrid system producing 296 horsepower. An optional 360 Surround Camera system includes ClearSight Ground View technology to give the driver a view under the front of the vehicle for easier maneuverability on or off pavement.
Premium Midsize SUV 2-Row — Land Rover Discovery
Land Rover updated the Discovery a few years ago with a range of styling and feature improvements. Discovery offers LED headlights with stylish daytime running lights set lower to create a signature look for the popular SUV. Inside, the Discovery features a center stack with an 11.4-inch full HD touchscreen that houses the advanced Pivi Pro infotainment system with a faster and more intuitive interface than the one it replaced. Pivi Pro offers a simplified menu structure and a backup battery, which means navigation is available within seconds of vehicle startup. Like other Land Rovers, the Discovery offers impressive off-road capability including a Wade Mode that optimizes water fording.
Off-Road Utility — Toyota 4Runner
After 35 years, Toyota’s 4Runner remains one of the few truck-based SUVs left on the market. This highly capable has a loyal following, but sales have declined slightly this year. The 4Runner continues to be powered by a 4.0-liter V6 engine producing 270 horsepower and 278 lb-ft of torque delivered through a 5-speed automatic transmission. Even though all 4Runners are ready for off-road adventure, Toyota added a 4Runner TRD Sport to the lineup last year. Designed to complement the TRD Off-Road and TRD Pro versions, the TRD Sport gets unique color-keyed accents on the grille, rocker panels and body molding to emphasize everyday driving dynamics.
Mass Market Electric — Chevrolet Bolt EV
In 2017 when Chevrolet introduced the Bolt, it was the most affordable all-electric vehicle with a range of more than 200 miles. Last year Bolt received styling updates and new features, and it continues to be powered by the same drivetrain as the previous Bolt: an electric motor producing 200 horsepower and 266 lb-ft of torque delivered to the front wheels. The 65 kWh lithium-ion battery pack delivers an impressive driving range of 259 miles. According to Chevrolet, a full charge for the Bolt EV takes about seven hours with a Level 2 charger; with standard DC fast charging, 100 miles of range can be added in about 30 minutes.
Premium Electric — GMC Hummer EV Pickup
General Motors reprises the Hummer name on an advanced all-electric truck under the GMC brand. Employing GM’s new Ultium Drive battery architecture, the foundation is a unique large-format pouch-style battery cell. For the Hummer EV Edition 1, two layers of vertical cells totaling 24 modules will allow an estimated 350-plus mile range. This Hummer EV uses three electric drive motors to produce an estimated 1000 horsepower and — when multiplied through the drive unit gear ratios — more than 11,500 lb-ft of torque at the wheels. A single motor powers the front wheels, and two motors independently power the rear wheels with the ability to vary torque to each wheel; the motors can also be synced to simulate a locking differential.
Large HD Pickup — Chevrolet Silverado 2500 HD
When consumers move into the heavy-duty truck market, their choices narrow considerably; however, the Silverado HD once again retains value better than the competition. The Silverado 2500 HD features bold styling and impressive capability. Two powerful engines are available: a 401-horsepower 6.6-liter V8 and a Duramax 6.6-liter turbodiesel — the latter generating 445 horsepower and 910 lb-ft of torque. That big torque number is enough to deliver a maximum towing capacity of 18,500 pounds. The list of available features is long and includes a multi-function tailgate, multiple camera views, a head-up display and integrated side steps for easy bed access.
Large Light Duty Pickup — Toyota Tundra
Toyota introduced an all-new Tundra for the 2022 model year with improved performance and fresh styling. Built on a new chassis designed to improve capability and ride comfort, the Tundra is available with two new powertrains. A 3.5-liter twin-turbo V6 generating 389 horsepower is standard, while buyers can opt for the hybrid i-FORCE MAX twin-turbo V6 that bumps up to 437 horsepower and 583 lb-ft of torque and allows the Tundra to tow up to 12,000 pounds. Inside, the Tundra also gets significant advancements including an available 14-inch touchscreen display and standard Apple CarPlay and Android Auto.
Midsize Pickup — Toyota Tacoma
Toyota’s popular midsize pickup had its last complete redesign for the 2016 model year, showcasing a more aggressive look, a new V6 engine, a smoother ride, and stellar off-road capability. The Tacoma is available in several configurations with two cab styles, two bed lengths, five trim levels, and a choice of 2WD or 4WD. Last year the Tacoma received a new grille and wheel designs for most trim levels, as well as an upgraded audio system with a larger touchscreen and Android Auto, Apple CarPlay and Amazon Alexa compatibility. For 2022 Toyota added a new Trail Edition to the Tacoma lineup, featuring a lifted suspension and a locking rear differential for better off-road performance.
Commercial Van — Mercedes-Benz Metris
A relative newcomer to the commercial van market in the USA, the Metris has been selling in Europe since 1996. Although Mercedes has been a longtime purveyor of luxury and performance cars in America, Metris is only the second commercial van in the M-B lineup, joining the larger Sprinter. Metris possesses plenty of features that help this van stand out from the crowd, including 270-degree opening rear doors, available active park assist, crosswind assist, lane-keeping assist, collision prevention assist, and Eco start/stop. The Metris is about the size of a typical minivan, offered in standard and long wheelbase versions — the latter providing a spacious 199 cubic feet of cargo room and an equally impressive 2,370-pound maximum payload. Metris can also tow 5,000 pounds.
Midsize Van — Honda Odyssey
One of the most popular minivans in America, the Odyssey offers a range of family friendly features including a “Magic Slide” second-row seating system that offers multiple configurations, an in-car vacuum cleaner, tri-zone climate control, multiple USB ports, and an in-cabin child monitoring system called Cabin Watch. Odyssey is powered by a 3.5-liter V6 engine producing 280 horsepower, teamed with a 10-speed automatic transmission. The Honda Sensing suite of advanced safety features is also standard on all Odysseys, which includes automatic emergency braking with pedestrian detection, forward collision warning, road departure mitigation, lane departure warning, lane-keeping assist, and adaptive cruise control.