It's yet another feather in the cap of the Bronco.
The results of the J.D. Power 2022 US ALG Residual Value Awards have been revealed. These awards reveal the brands and models that are expected to retain the highest percentage of their value after three years, and points to aspects like vehicle quality and brand recognition. The study also provides a useful research tool when considering the trade-in value of a new car or assessing leasing costs.
Honda and Lexus emerged as the brand award winners in the mass market and premium segments, respectively. Last year, Subaru topped the mainstream category and Lexus was also the premium segment’s leader. For the 2022 model year, ALG evaluated 29 vehicle segments and 284 models.
Interestingly, although Lexus emerged as the best-scoring premium brand, it only had one segment-winning model which was the Lexus NX in the premium compact utility category. However, Lexus consistently scored well across its lineup.
Elsewhere, the 2022 Hyundai Accent came out on top in the subcompact car category. The new Honda Civic won for compact car, and the Odyssey bagged another win for Honda in the minivan category. The Ford Bronco put in a strong showing in the off-road utility segment, beating the Jeep Wrangler and Toyota 4Runner. Among premium compact models, the BMW 2 Series came out on top, the brand's only category win.
In the EV segment, the Hyundai Kona EV and Tesla Model Y had the best resale values in their specific categories. While Ford dominates truck sales, it doesn’t have the highest projected resale values here. That goes to the Toyota Tacoma in the midsize segment, the Toyota Tundra in the full-size segment, and the GMC Sierra HD among full-size heavy-duty pickups.
“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.”