first_imgALG has released its winners in the 2020 Canadian Residual Value Awards, naming Toyota and Porsche among the top brands in the country when it comes to their resale.The Canadian Residual Value Awards evaluate vehicles for the 2020 model year, and the winner is chosen based on the vehicle most likely to retain a high percentage of its MSRP after four years, for mainstream vehicles; or after three years for premium vehicles.Twenty-seven different vehicle segments are evaluated. “Residual values are important to both automotive brands and consumers alike,” said ALG senior manager of industry solutions, Michelle MacDonald.“For automotive brands, a strong residual value is a barometer of a brand’s overall health and appeal in the marketplace,” he explained. “For consumers, since a vehicle’s depreciation is the single costliest aspect of car ownership, a strong residual value is an indicator of how well that vehicle will hold its value for future resale consideration.” RELATED The most – and least – reliable brands for 2019, ranked by Consumer Reports These are J.D. Power’s best – and worst – automotive brands for 2019 For premium vehicles, Porsche was the overall winner, taking the award for Best Premium Sports Car for the 911, as well as Best Premium Compact Utility for the Macan.Subaru also came away with honours, earning the top prizes for the Impreza in Best Compact Car; WRX/WRX STI in Best Sports Car; and Crosstrek in Best Subcompact Utility.Toyota really took the cake, however, with wins in almost every category. It was Toyota RAV4 for Compact Utility; Toyota Tundra for Full-Size Pickup; Toyota Sequoia for Full-Size Utility; Toyota Tacoma for Midsize Pickup; Toyota Highlander for Midsize Utility Third-Row Seating; and Toyota 4Runner for Off-Road Utility. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending Videos RELATED TAGSLexusPorscheSubaruToyotaFlexNews PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | Trending in Canada advertisementcenter_img COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next › See More Videos The Rolls-Royce Boat Tail may be the most expensive new car ever We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Toyota counterpart Lexus also took the award for Subcompact Utility in the premium category with the Lexus UX. last_img read more