Receives ALG 2006 Residual Value Award for Highest Predicted Retained Value of Any Luxury Brand
Woodcliff Lake, NJ - December 28, 2005... Automotive Lease Guide announced that BMW has received its 2006 Residual Value Award for the highest predicted retained value of any luxury brand. This is the third consecutive year that BMW has received this award from ALG, which is based on a study of residual over the entire portfolio of vehicles within a brand. Historical vehicle performance, new vehicle pricing, and product competitiveness were critical factors.
"We're delighted to receive this award because it demonstrates our commitment to providing value in our products," said Tom Purves, Chairman and CEO of BMW of North America, LLC. "To attain the recognition for the third consecutive year is especially significant because it comes as we conclude a year of unprecedented new models. It also underscores the value of our vehicles longer term, as evidenced by a growing Certified Pre-Owned program that has led the luxury industry in terms of sales volume for the past five years."
BMW introduced a strong portfolio of new products in the past months, including the all-new 2006 3 Series, the car that has reset the sport sedan benchmark. Other introductions included a redesigned 7 Series and important enhancements to the
5 Series which included all-new engines and the availability of BMW's innovative xDrive all-wheel drive system. The introduction of several new models from BMW M began this fall with the introduction of the all-new M5 Sedan.
BMW Group In America
BMW of North America, LLC has been present in the United States since 1975. ROLLS-ROYCE Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand, the MINI brand, and the ROLLS-ROYCE brand of Motor Cars; DesignworksUSA, an industrial design firm in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group's global manufacturing network and is the exclusive manufacturing plant for all Z4 Roadster and X5 Sports Activity Vehicles. The BMW Group sales organization is represented in the U.S. through networks of 340 BMW passenger car centers, 327 BMW Sports Activity Vehicle centers, 148 BMW motorcycle retailers, 80 MINI passenger car dealers, and 25 ROLLS-ROYCE Motor Car dealers. BMW (US) Holding Corp., the BMW Group's sales headquarters for North, Central and South America, is located in Woodcliff Lake, New Jersey.
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