Everyone in business understands that saving money is just as important as increasing revenue, with real earnings, or profits found in between. No wonder business leaders love Land Rover. ALG, an analytics…

Land Rover number one in ALG Residual Value Awards

Everyone in business understands that saving money is just as important as increasing revenue, with real earnings, or profits found in between. No wonder business leaders love Land Rover. ALG, an analytics subsidiary of TrueCar, recently named Land Rover with top Overall Brand Honours in ALG's 9th Annual Canadian Residual Value Awards (RVA) within the Premium Brand sector. "Residual values are a key indicator of the overall market success and health of a vehicle and brand. Whether a consumer is looking to purchase or lease a vehicle, the largest cost consideration is how much a vehicle will retain its value over time," said Jim Nguyen, president of ALG. "And with vehicle leasing on the rise, resale values have never been more important to both consumers and automakers." The RVA forecasts brands and models that will most likely retain highest average values when compared to their original Manufacturer's Suggested Retail Price (MSRP) after three years. This was the third consecutive year Read Full Story
To say Volvo has been on a roll would be an understatement, the Swedish brand’s new XC90 mid-size crossover SUV and S90 mid-size luxury sedan rejuvenating interest in the brand’s entire lineup.…

Volvo Car Canada reports 27.5 percent growth for 2016

To say Volvo has been on a roll would be an understatement, the Swedish brand’s new XC90 mid-size crossover SUV and S90 mid-size luxury sedan rejuvenating interest in the brand’s entire lineup. Volvo Canada sold 6,103 units in calendar year 2016, which showed a 27.5-percent increase over the 4,788 deliveries experienced in 2015. December resulted in 433 units down the road compared to 340 total sales for the same month the year prior, this strong result marking the fifteenth consecutive month of sales growth in Canada. “2016 was truly an exceptional year for Volvo Canada. Exciting new product, the introduction of advanced technologies and a motivated retailer network led to the Volvo Car brand exceeding expectations in Canada,” said Alexander Lvovich, Managing Director, Volvo Car Canada Ltd. “With three new models being unveiled in 2017, the brand is poised for another year of growth as the Volvo Car brand continues to make its impact on the premium car segment in Canada.”
Everybody wants a good deal, but sometimes the “great” price paid at purchase, even after factoring in a deep discount, doesn’t seem as good later on. Kelley Blue Book tries to remedy this problem…

Acura has lowest cost of ownership over five years amongst luxury brands

Everybody wants a good deal, but sometimes the "great" price paid at purchase, even after factoring in a deep discount, doesn't seem as good later on. Kelley Blue Book tries to remedy this problem by educating consumers about the real cost of owning a vehicle, and then recommends models it believes drive real long-term value. As part of this exercise its 5-Year Cost to Own Awards program recognizes high achieving vehicles and brands. Acura earns KBB 5-Year Cost to Own Luxury Award two years straight For the second consecutive year Acura took home KBB's 5-Year Cost to Own Luxury Brand award thanks to its entire lineup placing either first or second in more than half of seven total 5-Year Cost to Own factors, which include the vehicle's upfront price, depreciation, finance and insurance fees, expected fuel costs, maintenance and repair costs, and jurisdictional fees. With all totals tallied up, KBB projects Acura models will incur the lowest ownership costs over the next five years. "This Read Full Story
Honda completely redesigned its innovative unibody pickup truck for the 2017 model year, and as a reward for a job well done is being named 2017 North American Truck of the Year. The Ridgeline has long…

Honda Ridgeline wins Truck of the Year

Honda completely redesigned its innovative unibody pickup truck for the 2017 model year, and as a reward for a job well done is being named 2017 North American Truck of the Year. The Ridgeline has long been lauded for providing crossover SUV-like handling, ride comfort, and fuel economy in a versatile pickup truck package, but the mid-size model goes much further to win over would-be buyers than that. Like its predecessor, which came on the scene in 2005, Honda has taken a very different tack with this mid-size entry. The new second-generation Ridgeline also features a crossover-SUV-like unibody design albeit with a closed-boxed frame integrated within, combining much of the towing and hauling strength of a rugged frame with the taut structure of a monocoque body shell. What's more, its industry-exclusive Dual Action Tailgate both lowers in the usual fashion and swings sideways so it doesn't need to be detached when clamping on ramps designed to work with ATVs, motorcycles, ride-on mowers, Read Full Story
Recently we reported on Porsche taking home Canadian Black Book’s 2017 Best Overall Brand Award in the Luxury category, as well as four individual model awards. These awards were handed out at the Canadian…

ALG forecasts two Porsche models for best future retained value

Recently we reported on Porsche taking home Canadian Black Book's 2017 Best Overall Brand Award in the Luxury category, as well as four individual model awards. These awards were handed out at the Canadian International Auto Show in Toronto last week, as were awards for the 2017 ALG Canadian Residual Value Awards. Why two residual value awards? The difference between the CBB awards program and ALG's is that CBB analyzes the past and ALG forecasts the future. On that note the two Porsches chosen to retain their values best after three years are the new 718 Boxster in the Premium Sportscar Segment and the Panamera in the Premium Executive Segment. "I am pleased to accept these two awards from ALG," said Alexander Pollich, President and CEO, Porsche Cars Canada, Ltd. "Our new 718 Boxster exemplifies the modern two- seat roadster and provides its occupants with an unrivaled driving and ownership experience. The Panamera underlines its appeal with its second consecutive ALG award with a whole Read Full Story
Earlier this month we reported on Subaru winning Canadian Black Book’s Best Retained Value for Overall Brand in the Car Category, as part of a larger CBB story covering all brands. The Japanese brand…

Subaru wins best Mainstream Brand in ALG Residual Value Awards

Earlier this month we reported on Subaru winning Canadian Black Book's Best Retained Value for Overall Brand in the Car Category, as part of a larger CBB story covering all brands. The Japanese brand received its award at the Canadian International Auto Show in Toronto last week, while also taking kudos for winning this year's top Mainstream Brand in ALG's 9th Annual 2017 Canadian Residual Value Awards (RVA).

The RVA forecasts which brand is more likely to retain the highest average Manufacturer's Suggested Retail Price (MSRP) percentage of after four years.

"Residual values are a key indicator of the overall market success and health of a vehicle and brand," said Jim Nguyen, president of ALG. "And with vehicle leasing on the rise, resale values have never been more important to both consumers and automakers."

This is the second consecutive year Subaru has achieved the top Mainstream brand award, earning a total of four segment awards.

"Consistent product Read Full Story
Love the recently redesigned 2017 Pathfinder but want a darker more aggressive look? Nissan has the answer in its all-new Platinum Midnight Edition that removes some of the bright silver and chrome exterior…

Nissan Canada offers Pathfinder Platinum Midnight Edition to celebrate 30 years

Love the recently redesigned 2017 Pathfinder but want a darker more aggressive look? Nissan has the answer in its all-new Platinum Midnight Edition that removes some of the bright silver and chrome exterior trim and replaces it with glossy black detailing.

Included are black mirror caps, a black rooftop spoiler, unique 20-inch black alloys, a chromed rear bumper protector, plus Canada-exclusive badges on the fenders and tailgate, while the cabin gets illuminated kick plates and LED lighting elements.

The Platinum Midnight Edition celebrates 30 years of Pathfinder availability in Canada, making the popular SUV one of the most enduring sport utility vehicles on today's market.

"The Nissan Pathfinder has a storied heritage as one of the modern pioneers in the SUV segment, with more than 30 years in Canada, yet we are always looking forward – staying true to the Pathfinder name," said Tomoyuki Matsumoto, Senior Chief Marketing Manager at Nissan Canada Inc. Read Full Story
Want to get the best deal on your next car? Take note, it doesn’t just come down to the price paid at purchase. Often even more important is resale value, the price you’re actually paying being the…

Canadian Black Book hands out 2017 Best Retained Value Awards

For some automakers the annual Canadian Black Book Best Retained Value Awards are a bittersweet pill. Imagine taking home first place in a given category with a discontinued model?

Such was the case for both Toyota and Volvo whose FJ Cruiser and XC70 took first place in the "Midsize SUV" and "Entry Luxury Car" categories respectively, yet the FJ Cruiser hasn't been available in our market since the last eight examples trickled away in 2015, and the XC70 ended its run last year with just one 2016 model leaving a single Volvo showroom last month.

Chevrolet, Mercedes-Benz, Nissan, and Ram also had long-gone models make the cut, although their respective Avalanche, GLK, Quest, Xterra, and Cargo Van were only runners up, but better late than never.

Vehicles that consistently retain high values save consumers money

More important to Canadian auto buyers are currently available new models that made the grade, because the real price paid for a car is the difference Read Full Story