TORONTO, ON – February 8, 2021 –Toyota Canada Inc. (TCI) has been recognized with a total of 14 J.D. Power 2021 Canada ALG Residual Value Awards,including Mainstream Brand category winner for Toyota – the second year in a row – and the Premium Brand winner for Lexus.
The J.D. Power Canada ALG Residual Value Awards recognize vehicles from the 2021 model year that are forecast to retain the highest percentage of their manufacturer suggested retail price (MSRP) over the next four years.
“Toyota Canada is honoured by the recognition and by the continued trust and confidence customers have in our brands,” said Larry Hutchinson, President & CEO, Toyota Canada Inc.“A vehicle’s depreciation is a large part of the ownership cost and our retained value leadership is another reason our customers and guests choose our vehicles.”
In addition to the Mainstream Brand win, Toyota also won seven segment awards, more than any other brand:
Compact: Toyota Corolla
Compact Utility: Toyota RAV4 (2nd consecutive year)
Fullsize: Toyota Avalon
Fullsize Pickup: Toyota Tundra (12th consecutive year)
Midsize Pickup: Toyota Tacoma (11th consecutive year)
Midsize Utility 3rd row seating: Toyota Highlander (2nd consecutive year)
Off-Road Utility: Toyota 4Runner (2nd consecutive year)
In addition to the Premium Brand win, Lexus also won the following segment awards:
Premium Fullsize Utility: Lexus LX
Premium Midsize: Lexus IS
Premium Midsize Utility 2nd row seating: Lexus RX
Premium Midsize Utility 3rd row seating: Lexus GX
Premium Subcompact Utility: Lexus UX
About Toyota Canada Inc.
Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota and Lexus vehicles. Toyota has sold over six million vehicles in Canada through a national network of 287 Toyota and Lexus dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability to the vehicles Canadians drive and the service they receive. 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 operates two manufacturing facilities in Canada. Having produced more than nine million vehicles, popular Canadian models built at these facilities include Toyota RAV4, Toyota RAV4 Hybrid, Lexus RX 350 and RX 450h hybrid. Recent investments at its facilities in Ontario will allow for increased production of the top-selling Toyota RAV4 and RAV4 Hybrid models.
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