INFINITI today announced that it has received two prestigious honors in the 12th annual ALG Residual Value Awards – the overall “2011 Best Luxury Brand” and “Best Luxury Fullsize Utility” for the 2011 INFINITI QX56. The ALG Residual Value Awards recognize the brands and vehicles in each industry segment that are predicted to retain the highest percentage of MSRP after a conventional three-year period.
“It‘s an honor to be recognized as having the highest projected resale value of any luxury brand in America,” said INFINITI Vice President Ben Poore. “The Way of INFINITI is all about providing the best experience for our customers, from the day they first walk into an INFINITI showroom throughout the entire ownership experience. This recognition from ALG is another assurance to our clients that they can purchase an INFINITI with confidence.”
“INFINITI has refreshed its lineup with great new designs and a host of new technology that is resonating with consumers,” said Raj Sundaram, SVP, Solutions Group and ALG. “As a result the brand has a higher profile and transaction prices have gone up, both major factors in its finish at the top of the luxury market this year.”
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 are among the key factors that affect ALG’s residual value forecasts. Awards are made 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 2011 model year vehicles.
“The new QX56 blends a luxurious and comfortable interior with cutting-edge technology and impressive power. These attributes were major factors in its finish at the top of the luxury fullsize utility vehicle category,” added Sundaram.
About INFINITI
INFINITI offers a full-line of luxury performance automobiles, including the G Coupe, Sedan and Convertible, M sedan, EX and FX crossovers, and the QX full-size SUV. More information about INFINITI and its Total Ownership Experience® can be found at www.INFINITIUSA.com.
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 50 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).
Contact:
Kyle Bazemore,
INFINITI Product Communications
615-725-3210
kyle.bazemore@infiniti.com
