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For a fourth consecutive year, Lexus and Honda receive the award for best premium brand and mass market brand, according to the J.D. Power 2025 U.S. ALG Residual Value Awards,SM released today. Lexus received the most model-level awards with five, followed by Toyota with four (read AutoInformed.com on: Honda, Lexus at Top of ALG Residual Value Awards).
“Honda stayed disciplined with pricing in 2024, avoiding the aggressive manufacturer’s suggested retail price (MSRP) increases that diminished affordability at other brands, while Lexus’ restraint with incentives paid dividends, as incentives have a direct negative effect on the resale values of older models,” said Danny Battaglia, managing director of ALG customer success at J.D. Power. “Additionally, the top brands consistently employ a balanced strategy with regard to trim levels, powertrains and pricing, which helps bolster residual performance and long-term value for consumers who are shopping in a highly competitive market.” Continue reading
Large European Job Cuts Coming at Ford, Again
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Ford Motor Company (NYSE: F) announced today its restructuring plans to create a badly needed more “cost-competitive structure.” The main focus is the health of Ford’s passenger vehicle business in Europe, where it incurred significant losses for years. Ford is also lagging in the European shift to electrified vehicles, and new competition – especially Chinese – has been highly disruptive. Through Q3 of 2024, Ford sales are down ~18% in Europe.
“Ford has been in Europe for more than 100 years. We are proud of our new product portfolio for Europe and committed to building a thriving business in Europe for generations to come,” said Dave Johnston, Ford’s European vice president for Transformation and Partnerships. Continue reading →