Honda Residual Value Earns Major Awards

March 16th, 2016 by

Honda Canada recently made waves, earning seven awards at the Canadian International Auto Show. New Honda models were examined for their quality, value, and reliability. Experts determined that the Honda residual value was among the best in the market across many different models. Find out which vehicles were the top winners of the night and take one for a test drive at Harmony Honda.

ALG and Awards

ALG’s Residual Value Awards honor vehicles that maintain a high residual value after four years of ownership. In addition to this key feature, ALG also looks at how competitive the vehicle is in its class and the overall history of the line. Vehicles are classified in one of two brand categories, Mainstream and Premium, and 22 different vehicle segment categories.

Honda had a fantastic night across the board with winners in four different segments:

  • The Honda CR-V took home an award for the Compact Utility category.
  • The Honda Odyssey won an award in the Minivan segment.
  • The Honda Accord won for Midsize Car.
  • The Honda Pilot was recognized for the Midsize Utility Vehicle segment.

Canadian Black Book and Awards

Honda also fared well in the Best Retained Value Awards from the trusted Canadian Black Book. Models that retained a large percentage of the original Manufacturer Suggested Retail Price after four years of ownership were honored. This award show aimed to educate consumers about vehicle ownership costs by highlighting high quality models.

Vehicles from the 2012 model year were compared against the depreciated value in 2016. This award show featured 20 different categories. Yet again, Honda’s vehicles were a big hit.

  • The 2012 Honda Fit stood out in the Best Retained Value Awards in the Sub-compact Car segment.
  • The 2012 Honda Odyssey took an award in the Minivan category.

Award Winning Models at Harmony Honda

Industry experts have weighed on Honda residual value, but now it’s time for you to feel the power of a Honda in your own hands. Not only do Honda models provide exceptional value and a great reputation, but they are a joy to drive with a smooth performance and good looks. Come to Harmony Honda today, and we can book a test drive in a Honda you love. Contact us online for more information about our dealership.

Posted in Models, News