Honda Claims Three 2015 ALG Residual Value Awards for Fit, CR-V and Odyssey | Harold Zeigler Honda Kalamazoo MI
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Date posted: December 1, 2014

Honda Claims Three 2015 ALG Residual Value Awards for Fit, CR-V and Odyssey

Honda has earned multiple accolades in the annual ALG Residual Value Awards for the third consecutive year. The Honda Odyssey, Honda Fit, and Honda CR-V each received individual Residual Value Awards as the highest ranked vehicles in their respective segments.

As the leading provider of residual value information to the automotive industry, ALG’s annual Residual Value Awards (https://www.alg.com/residual-value-awards/) recognize automakers’ outstanding achievements for vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period.

“One of Honda’s key priorities is to offer our customers vehicles that hold their value throughout the ownership experience,” said Jeff Conrad, senior vice president and general manager of the Honda Division of American Honda Motor Co, Inc. “Our brand is committed to retail sales leadership through top-quality, well-equipped vehicles, and that sets Honda apart in a way that benefits our customers now and in the years to come.”

Honda continues to offer vehicles that present owners with exceptional value for the long-term. For ALG, the Odyssey, ranked highest in the Best Minivan (MPV) category, retaining the top spot for the fourth consecutive year. The Fit received a Residual Value Award for the seventh consecutive year in the Sub-Compact Car category. The Honda CR-V secured the top position in the Compact Utility category. Since 2000, the Honda brand has earned 35model awards and eight overall brand awards from ALG.

“Honda comes to these segments with great products and great sales strategies,” said Larry Dominique, President of ALG. “With strong transaction prices bolstered by low incentives and very few fleet sales, Honda has continued to achieve top residuals with each of these vehicles.”

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 represent key factors that impact ALG’s residual value forecasts.

Source: hondanews.com


   
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