LAND ROVER RECEIVES ACCOLADES FROM 2ND ANNUAL CANADIAN RESIDUAL VALUE AWARDS
BRAMALEA, ON, Feb. 11, 2010 – ALG recently announced its second annual Canadian Residual Value Awards for which the Land Rover Range Rover Sport (Premium SUV), Land Rover LR2 (Near Luxury Utility Vehicle) are recognized as segment leaders.
The awards are honoring the vehicles in each segment that are predicted to retain the highest percentage of their original price after a conventional retail lease.
"We are thrilled to achieve this award from ALG's Canadian Residual Value Awards for the second year in a row," said Gary Moyer, president, Jaguar Land Rover Canada. "Land Rovers are distinguished by their style and performance, and of course, value and it is an honour to have our vehicles stand out in these awards."
The awards are based on 2010 model year vehicles. ALG also has included awards for the brands that have the highest overall predicted resale values among all mainstream and all luxury vehicles. The awards are derived after carefully studying segment competition, historical vehicle performance and industry trends, and are based on analysis using only Canada-specific data.
Jaguar Land Rover Canada ULC
Jaguar Land Rover is a business built around two great British car brands that design, engineer and manufacture in the UK. Jaguar Cars Limited, founded in 1922, is one of the world's premier manufacturers of luxury sedans and sports cars. Since 1948 Land Rover has been manufacturing authentic 4x4s that define 'breadth of capability' in their segments. The Jaguar XF, XJ and XK models are manufactured at the company's Castle Bromwich plant in Birmingham, while the Jaguar X-TYPE is produced alongside the Land Rover LR 2 at the Halewood plant in Liverpool. Land Rover's Defender, LR3, Range Rover Sport and Range Rover models are all built at the Solihull plant. The Jaguar Land Rover business employs some 16,000 people, predominately in the UK, including some 3,500 engineers at two product development centres in Whitley, Coventry and Gaydon, Warwickshire. The business is a major wealth generator for the UK with 78 percent of Land Rovers exported to 169 countries and 70 percent of Jaguars exported to 63 countries, with sales to customers conducted principally through franchised dealers and importers.
About ALG ( www.alg.com
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 37 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK). TRAK-G
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Bold by design, bold in technology.
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Jaguar Land Rover Limited: Registered Office: Abbey Road, Whitley, Coventry CV3 4LF Registered in England No: 1672070