The Honda brand has topped ALG’s Residual Value for the second consecutive year.
Residual Value is the predicted value of your vehicle after three years, or what percentage of value your vehicle will have after three years of ownership. So if you want your vehicle to be worth the most when you trade it in, ALG says choose the Honda Brand.
“Providing long-term value for our customers is a top priority at Honda,” said Michael Accavitti, senior vice president of automobile operations at American Honda. “Honda’s commitment to retail sales leadership through top-quality, well-equipped vehicles is a major differentiator for our brand that will pay dividends to our customers for years to come.”
ALG is the leading provider of residual value information to the automotive industry. They determine winners based on a number of factors, including their competition, historical vehicle performance, and industry trends.
Other issues considered by ALG include quality, supply and demand, and pricing and marketing strategies.
“Honda used solid fundamentals to earn its second consecutive mainstream brand award,” said Eric Lyman, Vice President of Editorial for ALG. “The brand’s lack of fleet, lowest-in-industry incentives and quality reputation make it a continual frontrunner in the battle for best residual values.”
2013 was a great year for the Honda product. They introduced all-new redesigns of the Honda Accord and Honda Civic. And many new Honda models now come a great list of standard features that include Bluetooth, Rearview Camera, Pandora Radio and so much more.
Waikem Honda in Massillon, Ohio carries an A-Plus Rating with the Better Business Bureau. We invite you in to see the Honda brand for yourself, because you understand that your car should have value at the start and the finish of your ownership.