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The forecast shows that residuals on an average three-year-old vehicle will dip from the current three-year retention of 52% in 2016 to 47.8% by 2019. Increased used supply in the marketplace is the main culprit of slipping retention rates this year, the firm said.
Read More →Land Rover and Toyota earned top honors during ALG's 15th annual Residual Value Awards, which looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after three years.
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