Toyota and Lexus come out on top when it comes to quality, durability and pricing. That’s according to J.D Power’s 2024 Canada ALG Residual Value Awards.

ALG is the division of J.D. Power known as the industry benchmark of automotive residual value projections.

The annual awards recognize the vehicle models that are projected to hold the highest percentage of the manufacturer’s suggested retail price (MSRP) after a four-year period for mass market vehicles, and after a three-year period for premium vehicles.

This year, Lexus and Toyota are the top brand -level performers for 2024. Toyota has the most model-level awards coming in with nine. This marks the fifth win in a row for Toyota and fourth for Lexus.

Toyota won model awards for its Corolla, Camry, 4Runner, Sequoia, Grand Highlander, RAV4, Tundra, Tacoma and Sienna.

Lexus was honored for its IS and LX models.

“Although Toyota and GM have a broad lineup and are high-volume producers, the consistency throughout their models has garnered higher residual values,” said Danny Battaglia, managing director of ALG customer success at J.D. Power, in a press release.

“Not only do these manufacturers have broad appeal vehicles high in the rankings, but they also have specialized vehicles, such as off-road, at the top as well. Continued consistency with quality, durability and pricing produces high demand which retains residual values.”

For model-year 2024, 15 brands earned awards in 28 segments. Other noteworthy highlights include Audi taking home awards for both the A3 and Q3, topping two luxury segments this year.

Subaru’s WRX was tops in the sporty car segment for the ninth year in a row.  Lastly, the Toyota Tundra has topped the large light-duty pickup segment since the first year of these awards in 2009.

Model awards for the J.D Power’s 2024 Canada ALG Residual Value Awards are as follows:

Lexus: IS, LX
Toyota: Corolla, Camry, 4Runner, Sequoia, Grand Highlander, RAV4, Tundra, Tacoma and Sienna
Audi: A3 and Q3
Chevrolet: Corvette and Silverado 3500 HD
Mercedes-Benz: AMG GT 4-door Coupe and GLB
Subaru: WRX and Crosstrek
Nissan: Z
BMW: 5 Series
Hyundai: Kona
Land Rover: Range Rover Velar
Acura: MDX
Honda: Passport
Ford: F-150 Lightning
Cadillac: LYRIQ
GMC: Savana