ALG Announces Winners of Third Annual Canadian Residual Value Awards

TORONTO, Feb. 17, 2011 /PRNewswire/ -- ALG, a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK) and the industry benchmark for residual values and depreciation data, today announced the winners of its third annual Canadian Residual Value Awards, with Subaru and Infiniti taking the awards for top mainstream and luxury brands, respectively.  

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ALG's Residual Value Awards honor the vehicles in each segment that are predicted to retain the highest percentage of their original price.  This year's Canadian awards are based on 2011 model year vehicles, and winners were chosen after a careful evaluation of vehicle criteria – including segment competition, historical vehicle performance and industry trends.  The complete list of winners can be found at https://www.alg.com/ResidualValueAwardsCA.

"A key indicator of a brand's health and a significant contributor to driving increased profitability for a brand is high residual value," said Raj Sundaram, senior vice president, Solutions Group and ALG.  "Our overall winners and market segment honorees are perfect examples of brands that are committed to delivering real value to dealers and customers."

Subaru Canada, Inc. won the Mainstream Brand Residual Value Award for the second straight year.  Four Subaru models also received individual segment awards: the Legacy (in the Midsize Car category), the Impreza (in the Compact category), the Impreza WRX/STI (in the Sporty category) and the Outback (in the Midsize Utility Vehicle category).

"Subaru continues to grow its sales and market share in Canada, with its lineup of reliable all-wheel drive vehicles," said Sundaram.  "Subaru's brand loyalty has been on the rise, and the company has been careful to match is supply with consumer demand, keeping its forecast retention above that of other mainstream brands."  

Infiniti, the luxury division of Nissan Canada, Inc., captured top honors among luxury brands for the third year in a row.  The Infiniti QX56 SUV also won the Luxury Fullsize Utility category.  

"Infiniti's top ranking among luxury brands category is a testament to the significant appeal and strong value of its models," Sundaram said.  "Infiniti has become known for meeting high ideals in both performance and luxury, and it offers buyers an excellent alternative to the traditional European luxury brands."  

Honda's Acura division was the runner-up among luxury brands, and the RDX took home top honors in the Luxury Compact Utility category.  Honda also was the segment winner in two mainstream categories, for the Fit (Sub Compact Car) and the Odyssey (MPV).

BMW received awards for its BMW 1 Series (Near Luxury), BMW 5 Series (Luxury), BMW 335d (Luxury Alt-Fuel) and BMW X5 (Luxury Midsize Utility).  Toyota received honors for the Toyota Avalon (Fullsize), Toyota Tacoma (Midsize Pickup) and Toyota Tundra (Fullsize Pickup).

The remaining segment winners were the Volkswagen Jetta TDI (Alt-Fuel), the Mazda CX-9 (Midsize Utility) and Nissan for its Rogue (Compact Utility) and GT-R (Luxury Sportscar).

About ALG (www.alg.com)

Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry.  ALG publishes the "Automotive Lease Guide" – the standard for residual value projections in North America, and has been forecasting automotive residual values for over 45 years in both the U.S. and Canadian markets.  ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).

About DealerTrack (www.dealertrack.com)

DealerTrack's intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers.  Our solution set for dealers is the industry's most comprehensive.  DealerTrack operates the industry's largest online credit application network, connecting approximately 17,000 dealers with over 900 lenders.  Our Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access that will streamline any automotive business.  Dealers using DealerTrack AAX get the inventory management tools and services needed to accelerate turns and increase profits.  Our Sales and F&I solution enables dealers to streamline the entire sales process while structuring all types of deals from a single integrated platform.  DealerTrack's Compliance solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets.  DealerTrack's family of companies also includes data and consulting services providers ALG and Chrome Systems.  For more information, visit www.dealertrack.com.

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding ALG's Annual Residual Value Awards and any conclusions or statements based thereon, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995).  These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

Factors that might cause such a difference include brand perception, the performance of vehicles pricing vs. forecasted residual values and other risks listed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2009. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and DealerTrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.

TRAK-G

SOURCE DealerTrack Holdings, Inc.