HERNDON, VA--(Marketwire - Nov 29, 2012) - Audi today announced that the 2013 Audi Q7 received the Residual Value Award in the Premium Midsize Utility Vehicle category from ALG, the industry benchmark for residual values and depreciation data. Each year, ALG's Residual Value Awards recognize the vehicles and brands that deliver a complete product experience to its customers -- exceptional vehicle quality, strong brand desirability and long-term reliability.
"Audi not only produces exciting and luxurious vehicles, but vehicles that hold their value over time," said Scott Keogh, President, Audi of America. "The ALG Residual Value Award is a testament to the value of the Q7 model line which is a great example of Audi design, functionality and progressive luxury."
"The Audi Q7 has held a crucial role in the expansion and strengthening of the Audi brand," said Larry Dominique, President of ALG. "Combining sophisticated styling, generous passenger capacity and strong performance attributes with low incentives and consistently high transaction prices, the Q7 delivers the best of both luxury and consumer value."
The seven-passenger Audi Q7 exceeds driver and passenger expectations for functionality and comfort. Q7 customers have the option of a gasoline turbocharged, fuel-injected 3.0 liter TFSI engine, or a powerful yet fuel-efficient V6 turbocharged direct injection TDI® clean diesel engine. The Audi Q7 features a luxurious, premium interior, including heated and available cooled, twelve-way power front seats, fore and aft adjustable rear middle seats, and foldable seats in the third row. For maximum comfort, an available panoramic roof gives the cabin a light, open feeling.
The 2013 Audi Q7 offers the most advanced Audi technologies available, including Audi connect™ for real-time weather, traffic, news and live fuel prices, and MMI Navigation with 3-D Google Earth™ images and Google Voice Local Search. Audi is the first company worldwide to feature factory-installed wireless in-vehicle internet. The Audi music interface with iPod®/iPhone® connectivity ensures user friendly perusing of play lists and song titles via the Audi MMI system. A full complement of airbags, including Sideguard® head curtain airbags for all three rows of seats ensures passengers stay safe.
ALG Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing and marketing strategies remain the key factors that affect ALG's residual value forecasts. This year's awards are based on 2013 model year vehicles.
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 Residual Value Guidebook -- 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 subsidiary of TrueCar, Inc.
Audi of America, Inc. and its U.S. dealers offer a full line of German-engineered luxury vehicles. AUDI AG is among the most successful luxury automotive brands globally. Audi was a top-performing luxury brand in Europe during 2011, and broke all-time company sales records in the U.S. AUDI AG is planning to invest a total of EUR 13 billion over the period 2012 through 2016 on new products and technologies. Visit www.audiusa.com or www.audiusanews.com for more information regarding Audi vehicle and business issues.