Range Rover Sport Triumphant For The Fifth Year In A Row
LOS ANGELES, CA., December 2, 2009 — Jaguar Land Rover North America, LLC today announced that Land Rover's Range Rover Sport won Automotive Lease Guide's (ALG) Residual Value Award in the Best Luxury Utility Vehicle category for the fifth consecutive year. ALG's 11th annual Residual Value Awards, for the 2010 model year, honors the vehicles in each industry segment that the guide predicts will retain the highest percentage of their original price after a conventional three-year lease term.
ALG determines the award winners after carefully studying the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing strategies are among the key factors that affect ALG's residual value forecasts.
"We are delighted at receiving this recognition for the 5th year in a row. Especially when residual values continue to play such a crucial role for automotive manufacturers," said Chris Marchand, Executive Vice President of Marketing and Sales, Land Rover North America. "Land Rover's aim is to maintain its high standard of value not only with the Range Rover Sport, but across the entire model line."
"We believe Residual Value remains the best metric for evaluating the overall strength of an automotive brand, and we congratulate Land Rover for the proven success of their Range Rover Sport model," said James Clark, General Manager of ALG. "The ALG Residual Value Awards are recognized throughout the industry and by consumers as the mark of a healthy brand. Winning this award is a testament to an exceptionally strong product and all of us at ALG are pleased to recognize that accomplishment."
About Land Rover
Since 1948 Land Rover has been manufacturing authentic 4x4s that represent true "breadth of capability" across the model range. Defender, LR2 (Freelander 2), LR4 (Discovery 4), Range Rover Sport and Range Rover each define the world's 4x4 sectors, with 78% of this model range exported to over 140 countries. Land Rover employs 8,500 people and supports a further 40,000 jobs supported in the supply chain.
Land Rover takes its responsibility to the environment seriously. Emissions have been cut with all new models and, together with Jaguar, Land Rover is investing £800m on technology specifically aimed at reducing carbon dioxide emissions. Since September 2006, carbon dioxide generated by Land Rover manufacturing activities and UK customer vehicle use has been balanced through an industry leading offset program run by Climate Care.
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 40 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).
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Jaguar Land Rover Limited: Registered Office: Abbey Road, Whitley, Coventry CV3 4LF Registered in England No: 1672070