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11.16.2011
VOLKSWAGEN WINS 2012 ALG RESIDUAL VALUE AWARD
The Golf TDI is recognized in the Alternative-Fuel category for the second consecutive year
Herndon, VA / Los Angeles, CA -
Volkswagen today announced that it received a Residual Value Award from ALG, the industry benchmark for residual values and depreciation data. The annual ALG Residual Value Awards recognize automakers' outstanding achievements in producing new vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. Awards are given in 19 vehicle categories and also for the two brands with the highest overall predicted residual values among all mainstream and all luxury vehicles. This year’s awards are based on 2012 model year vehicles.
Volkswagen’s Golf TDI® Clean Diesel won top honors in ALG’s Alternative-Fuel vehicle category, marking the second consecutive year that the compact clean diesel-powered car has received this award.
“The ALG Residual Value Awards recognize the brands and individual vehicles that truly deliver quality and value to the American consumer,” said Frank Trivieri, vice president of sales operations, Volkswagen of America. “We’re honored to win the Alternative-Fuel award for the Golf TDI, and thrilled to receive it for two years in a row.”
ALG award winners are determined through careful study of the competition in each segment, historical vehicle performance, and industry trends. Vehicle quality, production levels relative to demand, and pricing and marketing strategies remain the key factors that affect ALG’s residual value forecasts.
“The Golf TDI Clean Diesel pairs fuel efficiency with an upscale interior for an engaging, economical ride,” said Raj Sundaram for ALG. “Minimal incentives and the hefty premium that diesel models historically command keep residuals high for a first-place finish the second year in a row.”
For more information, please visit www.vw.com, or media.vw.com.
About Volkswagen of America, Inc.
Founded in 1955, Volkswagen of America, Inc. is headquartered in Herndon, Virginia. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen’s operations in the United States include research and development, parts and vehicle processing, parts distribution centers, sales, marketing and service offices, financial service centers, and its state-of-the-art manufacturing facility in Chattanooga, Tennessee. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Beetle, Eos, Golf, GTI, Jetta, Jetta SportWagen, Passat, CC, Tiguan, Touareg and Routan vehicles through approximately 600 independent U.S. dealers. All 2012 Volkswagen models come standard-equipped with Electronic Stability Control. This is important because the National Highway Traffic Safety Administration (NHTSA) has called ESC the most effective new vehicle safety technology since the safety belt. Visit Volkswagen of America online at www.vw.com or media.vw.com to learn more.
Notes:
This press release and images of the 2012 VW Golf TDI are available at media.vw.com.
“TDI”, “VW”, “Volkswagen”, all model names and the Volkswagen logo are registered trademarks of Volkswagen AG.
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 45 years in both the U.S. and Canadian markets. ALG is a subsidiary of TrueCar, Inc.
Volkswagen’s Golf TDI® Clean Diesel won top honors in ALG’s Alternative-Fuel vehicle category, marking the second consecutive year that the compact clean diesel-powered car has received this award.
“The ALG Residual Value Awards recognize the brands and individual vehicles that truly deliver quality and value to the American consumer,” said Frank Trivieri, vice president of sales operations, Volkswagen of America. “We’re honored to win the Alternative-Fuel award for the Golf TDI, and thrilled to receive it for two years in a row.”
ALG award winners are determined through careful study of the competition in each segment, historical vehicle performance, and industry trends. Vehicle quality, production levels relative to demand, and pricing and marketing strategies remain the key factors that affect ALG’s residual value forecasts.
“The Golf TDI Clean Diesel pairs fuel efficiency with an upscale interior for an engaging, economical ride,” said Raj Sundaram for ALG. “Minimal incentives and the hefty premium that diesel models historically command keep residuals high for a first-place finish the second year in a row.”
For more information, please visit www.vw.com, or media.vw.com.
About Volkswagen of America, Inc.
Founded in 1955, Volkswagen of America, Inc. is headquartered in Herndon, Virginia. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen’s operations in the United States include research and development, parts and vehicle processing, parts distribution centers, sales, marketing and service offices, financial service centers, and its state-of-the-art manufacturing facility in Chattanooga, Tennessee. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Beetle, Eos, Golf, GTI, Jetta, Jetta SportWagen, Passat, CC, Tiguan, Touareg and Routan vehicles through approximately 600 independent U.S. dealers. All 2012 Volkswagen models come standard-equipped with Electronic Stability Control. This is important because the National Highway Traffic Safety Administration (NHTSA) has called ESC the most effective new vehicle safety technology since the safety belt. Visit Volkswagen of America online at www.vw.com or media.vw.com to learn more.
Notes:
This press release and images of the 2012 VW Golf TDI are available at media.vw.com.
“TDI”, “VW”, “Volkswagen”, all model names and the Volkswagen logo are registered trademarks of Volkswagen AG.
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 45 years in both the U.S. and Canadian markets. ALG is a subsidiary of TrueCar, Inc.
