Toronto, ON., (February 12, 2014) – Toyota Canada entered this year’s Canadian International Auto Show with more awards for the long-term value of its vehicles than any other Canadian manufacturer, with 10 from ALG and seven from Canadian Black Book (CBB).
These latest wins come a few months after Vincentric named Toyota the Best Value Passenger Car Brand for the second straight time, with 12 specific vehicles notching individual awards.
Retained value awards are a demonstration of Toyota’s reputation for quality, dependability, reliability and longevity. They reinforce the value of owning Toyota vehicles, not only at the time of purchase, but over years of ownership as well.
For this year’s awards, Canadian Black Book analyzed 2010 model year cars and trucks and determined the vehicles that retained the highest percentage of their original MSRP after four years.
For the Canadian Residual Value Awards from ALG, vehicles from the 2014 model year that are forecast to retain the highest percentage of MSRP over the next three years have been recognized.
“These prestigious awards are profoundly meaningful to Toyota Canada because they let our customers know that they can truly count on the superior lasting value of our high-quality cars and trucks,” said Larry Hutchinson, Vice President, Sales, Toyota Canada Inc.
The following Toyota and Lexus vehicles were CBB and ALG winners this year. Some vehicles have won awards in multiple consecutive years. The list includes:
- Toyota Tundra – ALG five consecutive years and CBB five consecutive years (Full-size Pick-up)
- Toyota Tacoma – CBB five consecutive years (Small Pick-up) and ALG four consecutive year (Mid-size Pick-up)
- Toyota Sequoia – CBB four consecutive years and ALG two consecutive years (Full-size SUV)
- Toyota FJ Cruiser – CBB four consecutive year (Mid-size SUV) and ALG four consecutive years (Off-Road Utility)
- Lexus GS Series – CBB three consecutive years (Luxury Car)
- Toyota Avalon – ALG two consecutive years and CBB this year (Full-size Car)
- Toyota Prius – CBB two consecutive years (Compact Car)
- Toyota Prius c – ALG this year (Alternative Fuel Vehicle)
- Toyota Highlander – ALG this year (Midsize Utility: Three Row)
- Lexus RX – ALG this year (Premium Mid-Size Utility: Two Row)
- Lexus LX 570 – ALG this year (Premium Full-Size Utility)
The editors of Kelley Blue Book in the United States also recently announced that the Toyota Corolla (compact cars), Prius c (hybrid/alternative energy), and Tacoma (regular cab) – as well as Lexus (top luxury brand) – were selected for “5-Year Cost to Own” awards, with value determined according to total ownership costs.
About Toyota Canada Inc.
Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota, Lexus and Scion vehicles. Incorporated in 1964, Toyota has sold more than 4 million vehicles in Canada through a national network of 284 Toyota, Lexus and Scion dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability in the vehicles Canadians drive and the service they receive. With a commitment to constant innovation, Toyota strives to stay ahead and anticipate the needs of consumers. TCI’s head office is located in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax and parts distribution centres in Toronto and Vancouver. Toyota also operates two manufacturing facilities in Canada which build popular Canadian vehicles Toyota RAV4, Toyota Corolla, Toyota Matrix, Lexus RX and Toyota RAV4 EV.