Honda Takes Home Three 2018 ALG Residual Value Awards
August 02 2019, Trevor Hofmann
Class Leading Quality and Technologies Key to Earning Top Honours
The Honda Fit, Accord, and Odyssey have all earned 2018 Residual Value Awards from ALG, which means that all three are predicted to lead their segments in retained value after three years of ownership.
Key to retaining value is class leading quality, leading-edge technologies and market acceptance, all descriptors of the three winning Hondas, with the redesigned 2018 Fit adding more style, soft-touch premium surfaces, digital interfaces and available equipment to its subcompact category, while maintaining its class-leading passenger and cargo versatility, allowing it to take top honours in ALG's "Subcompact Car" category for four consecutive years.
Fit, Accord and Odyssey Are Best in Their Segments for Resale Value
The 2018 Accord's redesign has even been more comprehensive, and delivers an even more compelling argument for ownership in its mid-size sedan segment. ALG particularly noted above-average technology, safety and driving dynamics, all of which combined to earn it highest marks in ALG's "Midsize Car" category.
Lastly, the redesigned 2018 Odyssey has addressed the minivan segment with some innovative ideas, including totally unique multi-configurable Magic Slide second-row seats, plus CabinWatch and CabinTalk technologies that take the old conversation mirror to new levels, helping it win ALG's "Minivan" category.
"Strong residual values are the bedrock of success brands"
Annual ALG Residual Value Awards are given to vehicles based on their predicted ability to retain their original price after three years of purchase. Awards are meted out in 26 categories.
"Strong residual values are the bedrock of successful brands. A vehicle's ability to retain its value over time is an important consideration for consumers looking to purchase or lease a vehicle," said Jim Nguyen, president of ALG. "With vehicle leasing at near-record levels and headwinds for used vehicle values on the horizon, consumers can have confidence in their choice of a Residual Value Award winner for their next vehicle."
Honda Models Earned Awards after Careful Study
ALG award winners are chosen after carefully studying all the competitors in each category, including their historical performance and industry trends. Other deciding factors include model and brand quality, production levels relative to market demand, plus pricing and marketing strategies.
To find out more about the 2018 Honda Fit, 2018 Honda Accord, or 2018 Honda Odyssey contact Vancouver Honda by phone at (877) 860-5172 or drop by the showroom at 850 Southwest Marine Drive, Vancouver.