- Residual Value awards reflect value and customer demand for Land Rover SUVs
- All New Range Rover Evoque wins award in its first year on the market
- Range Rover Sport continues its run of top residual value awards in the luxury midsize utility vehicle category
- Land Rover continues its run of U.S. sales growth with year‑to‑date 2011 increase of 17%
Los Angeles, Calif. ‑ Land Rover is proud to announce the company's latest achievements ‑ two Residual Value Awards from ALG, the industry benchmark for residual values and depreciation data. The 2012 Range Rover Evoque has been named the "Best Luxury Compact Utility Vehicle" and the 2012 Range Rover Sport has been named the "Best Luxury Midsize Utility Vehicle".
"To be named leaders in Residual Value in two categories this year, especially given that the Range Rover Evoque is brand new, is a testament to the value and desirability of our products. Our strategy is to maintain a high standard of value for our customers across the entire model line ‑ and these achievements along with growing sales prove we continue to do so," said Kim McCullough, Brand Vice President, Land Rover North America.
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.
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.
2012 Range Rover Evoque
The all‑new Range Rover Evoque ‑ the lightest and most fuel efficient Range Rover ever produced ‑ brings its stylish presence to North America. The Range Rover Evoque stays true to the core values of Range Rover; providing premium levels of craftsmanship, luxury, performance and Land Rover multi‑terrain capability while embodied in a more compact package
At‑A‑Glance:
- The lightest and most fuel‑efficient Range Rover ever produced
- Full‑time intelligent all‑wheel drive with electronically‑controlled Haldex®
center coupling
- All‑new 240 hp turbocharged direct injected 2.0‑liter
four‑cylinder engine and a
six‑speed automatic transmission to deliver excellent performance and fuel
economy - 28 MPG EPA estimated highway and 18 MPG EPA estimated city
fuel
economy
‑ more ‑
- Suspension configured for dynamic and agile handling across varied terrain,
available with Adaptive Dynamics featuring MagneRide™ magnetorheological damper technology
- All‑weather, multi‑terrain capability with Land Rover Terrain Response®, which features a driver selectable programs to suit terrain conditions
- Five passenger seating
- Innovative Range Rover technologies, including an 8‑inch (203mm) touch‑ screen display and a 360 degree Surround Camera System
- Three design themes to suit customer desires
- Choice of coupe and five‑door models
- To be sold in 160 countries worldwide, with North American deliveries beginning October 2011.
2012 Range Rover Sport
The Range Rover Sport models enter the 2012 model year with subtle styling refinements, significant audio/infotainment technology upgrades and additional amenities. The Range Rover Sport models, powered by a 375 hp 5.0‑liter V8 or a 510 hp supercharged version, and featuring advanced chassis control systems, uniquely blend high‑performance on‑road dynamics with traditional Range Rover off‑road capability, along with the brand's renowned luxury.
At‑A‑Glance
- Significant audio/infotainment upgrades
- New power open/close tailgate
- Minor exterior styling enhancements
- Ebony Morzine headliner optional for all models
- Top audio system now 825‑Watt Harman/Kardon® Logic 7® with 17 speakers
- Revised touch‑screen navigation system with voice activation
- Traffic Message Channel capability
- Voice control for multiple devices
- Revised rear seat entertainment system with WhiteFire™ wireless headphones
- Improved compact smart key fob
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About Land Rover
Land Rover, the British maker of Land Rover and Range Rover sport utility vehicles, is renowned for providing its' clientele with the most luxurious and capable vehicles in the world. Every Land Rover and Range Rover is equally at home both on and off road, and in any setting; be it in the heart of the city, or traversing the countryside. Today's Land Rover lineup includes the legendary Defender, LR2 (Freelander 2), LR4 (Discovery 4), Range Rover Sport, Range Rover and Range Rover Evoque. Land Rover designs, engineers, and manufactures their vehicles in the United Kingdom. Land Rover is fully engaged with sustainability initiatives and social concerns with continuous involvement in environmental and community programs.
About Jaguar Land Rover North America, LLC
Jaguar Land Rover is a business built around two great British car brands that are designed, engineered and manufactured in the United Kingdom. Jaguar Cars Limited, founded in 1922, is one of the world's premier manufacturers of luxury sedans and sports cars. Since 1948, Land Rover has been manufacturing authentic 4x4s that define "breadth of capability" in their segments.
Jaguar manufactures all their cars exclusively in the United Kingdom, at the Castle Bromwich manufacturing plant in the British Midlands. Land Rover and Range Rover models are built in the United Kingdom at the Solihull and Halewood plants. Land Rover exports to 169 countries and Jaguar exports to 63 countries, with global sales for both brands exceeding 240,000 vehicles annually. The Jaguar Land Rover business employs 16,000 people in United Kingdom, including 3,500 engineers at two product development centers.
Headquartered in Mahwah, New Jersey in the United States, Jaguar Land Rover North America, LLC has offices across the USA and Canada and is represented by more than 330 retail outlets.
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.