Honda tops the list as the mainstream brand that will best maintain value in the long term.
November 29, 2012 (Newswire.com) - ALG calls residual value the ultimate test of vehicle quality as it is measured by customers voting with their dollars on what vehicles have the best used value. The current Honda lineup, available at your local Honda dealership like Fisher Honda of Boulder, is projected to cut down on the biggest cost to the consumer: depreciation.
This year's Hondas are set to beat the myth that half of a car's value disappears when you drive it off the lot. In fact, Honda has long been recognized for reliability and value. The manufacturer has received a very impressive 28 model awards from ALG and has received the highest honors seven times. With the fourteenth annual ALG Residual Value Award won by Honda, it marks the brands domination of the contest fully half the time.
The well-respected automotive analysis company based in Santa Barbara, California, ranks residual value on a three-year scale. Honda was last the top pick only three years ago, and returns with three vehicles dominating their categories. ALG bases their valuations on factors like durability, quality of manufacturing, and how coveted the brand is. While Honda came out ahead overall it also took home an impressive three best in segment awards.
• The Honda Fit took home a Residual Value Award for the fifth year in a row in the Sub-Compact category.
• The Odyssey received the Best Minivan residual value award for the second year in a row.
• Finally, the 2013 Honda Accord prevailed in the crowded and competitive mid-sized sedan segment.
Honda has built a reputation for producing durable, high quality, and dependable vehicles, allowing drivers to beat their greatest enemy: depreciation. For 2012, Honda is celebrating 30 years of producing cars in the United States, starting with the Accord in 1982 in Marysville, Ohio. Now Honda has a network of 1037 dealerships across the country. Visit your local Honda dealership, like Fisher Honda of Boulder, to test drive this year's award winning Honda vehicles.