TRAX & CORVETTE WINNERS OF ALG RESIDUAL VALUE AWARDS

J.D. Power revealed its 2024 U.S. ALG Residual Value Awards in mid-November. Originally known as the Automotive Leasing Guide, ALG predicts the resale value of US-sold cars and trucks, and once a year, they announce modes in each of 28 categories that retained the highest portion of their original value after three years. McFarland Chevrolet is pleased to announce that Chevrolet has two winners on that list. The two epitomize the broad spectrum of the Chevrolet model line, with the Trax having the highest resale value in its subcompact crossover category and the Corvette retaining the most value among high-end sports cars.

ALG has been the benchmark for residual values in the United States and Canada for over 55 years. When leasing first began taking hold among general consumers, it was initially formed to assist manufacturers and financiers in determining model residual value in setting up automotive leases. However, residual value is very close to resale value, which makes their estimates relevant to almost anyone purchasing a vehicle. High resale value reflects a manufacturer’s success in long-term quality, design, and the overall desirability of automotive brands and their individual models.

ALL-NEW TRAX MAKES WAVES

The 2024 Trax won the subcompact SUV category over established models such as the Honda HR-V, Toyota Corolla Cross, and Hyundai Kona. The redesigned Trax features notably more attractive exterior and interior styling, additional technology and safety features, and a new turbocharged 1.2-liter Inline-3 drivetrain. With a low starting MSRP of $20,400, it is Chevrolet’s lowest-priced model even as it includes desirable features such as standard Chevy Safety Assist, wireless Apple CarPlay®, and Android AutoTM compatibility. Upscale features such as an 11-inch display screen, 8-inch digital driver display, and wireless charging are all available.

WHAT CORVETTE DOES BEST

For over half a century, the Corvette has provided the performance of high-priced sports cars from Germany, England, and Italy, at a fraction of their cost. The mid-engine C8 takes that tradition a step further with supercar handling and agility, with a possible 0 to 60 time of under 3 seconds. In addition, its interior now ranks with the best of its world-class competitors yet comes with an accessible starting MSRP of $68,300.

Resale should always be among the factors to be considered in new car selection. If you are looking for a world-class sports car, or a small SUV, ALG has done the hard work for you. As of this writing, McFarland Chevrolet has Trax models in stock, and a request can get a Corvette here in no time. Check out these and the other high-value Chevrolet models at McFarland Chevrolet today.