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PressClub USA · Article.
BMW NAMED BEST RESIDUAL VALUE LUXURY BRAND BY AUTOMOTIVE LEASE GUIDE FOR THIRD CONSECUTIVE YEAR
Wed Dec 28 15:00:00 CET 2005 Press Release
Woodcliff Lake, NJ - December 28, 2005... Automotive Lease Guide announced that BMW has received its 2006 Residual Value Award for the highest predicted retained value of any luxury brand. This is the third consecutive year that BMW has received this award from ALG, which is based on a study of residual over the entire portfolio of vehicles within a brand. Historical vehicle performance, new vehicle pricing, and product competitiveness were critical factors.
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BMW Group
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Author.
Thomas Plucinsky
BMW Group
Receives ALG 2006 Residual Value Award for Highest Predicted Retained Value of
Any Luxury Brand
Woodcliff Lake, NJ - December 28, 2005... Automotive Lease Guide announced that
BMW has received its 2006 Residual Value Award for the highest predicted
retained value of any luxury brand. This is the third consecutive year that
BMW has received this award from ALG, which is based on a study of residual
over the entire portfolio of vehicles within a brand. Historical vehicle
performance, new vehicle pricing, and product competitiveness were critical
factors.
"We're delighted to receive this award because it demonstrates our commitment
to providing value in our products," said Tom Purves, Chairman and CEO of BMW
of North America, LLC. "To attain the recognition for the third consecutive
year is especially significant because it comes as we conclude a year of
unprecedented new models. It also underscores the value of our vehicles longer
term, as evidenced by a growing Certified Pre-Owned program that has led the
luxury industry in terms of sales volume for the past five years."
BMW introduced a strong portfolio of new products in the past months, including
the all-new 2006 3 Series, the car that has reset the sport sedan benchmark.
Other introductions included a redesigned 7 Series and important enhancements
to the 5 Series which included all-new engines and the availability of BMW's
innovative xDrive all-wheel drive system. The introduction of several new
models from BMW M began this fall with the introduction of the all-new M5
Sedan.