Auto News: Range Rover Sport Predicted to Retain Highest Residual Value for the Second Year in a Row
Land Rover North America is proud to announce that the 2008 Range Rover Sport has received the Automotive Lease Guide (ALG) Residual Value Award in the Luxury CUV segment. The annual Residual Value Awards identify those vehicles predicted to retain the highest percentage of their original purchase price after a conventional three-year lease term.
"We understand the importance of residual values in our highly competitive business and are delighted by this recognition," said Chris Marchand, executive vice president of Marketing and Sales, Land Rover North America.
The ALG awards are based on careful evaluation of segment competition, past vehicle performance and emerging trends in the industry.
"The 2008 awards prove once again that compelling design, high quality manufacturing and disciplined pricing and volume programs are essential to achieve the highest residual value," said John Blair, Automotive Lease Guide's Chief Executive Officer.
Land Rover's Range Rover Sport and other award winners are featured on ALG.com as well as other automotive publications and websites dedicated to bringing the industry's best-performing models into the public eye.
Land Rover entered the competitive high-performance SUV category with the new-for-2006 Range Rover Sport. SUV owners with a passion for driving are well served by the Range Rover Sport's capable blend of power and handling prowess. Consumer acceptance has been outstanding now making Range Rover Sport the leader in the luxury CUV segment.
Muscular V8 power, a tidy wheelbase, a low build, and a wide stance yield exemplary agility and tenacious road holding. The Range Rover Sport is well equipped with Land Rover's Terrain Response(TM) system as standard. A Supercharged V8 engine and Dynamic Response technology are available as options.
Land Rover North America is part of Ford Motor Company's Premier Automotive Group with headquarters in Irvine, California. Land Rover established operations in the U.S. in 1986, and now imports and distributes Range Rover, Range Rover Sport, LR3 and LR2 vehicles manufactured by Land Rover in Solihull and Halewood, England. Land Rover's worldwide operations are wholly owned by Ford Motor Company, Dearborn, Michigan. For information about the Land Rover retailer nearest you, call 800-FIND-4WD or log on to www.LandRoverusa.com.
Vehicle specifications and features are subject to change. For the latest Land Rover pricing and product information, contact Land Rover North America Product Communications at (949) 341-5800. Land Rover-related press releases and electronic photos of the company's products are available on-line in the Land Rover section of Ford Motor Company's news media website (media.landrover.com).
Source: Land Rover North America