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 (automobiles.honda.com/odyssey/), ranked highest in the Best Minivan (MPV) category, retaining the top spot for the fourth consecutive year. The Fit (automobiles.honda.com/fit/) received a Residual Value Award for the seventh consecutive year in the Sub-Compact Car category. The Honda CR-V (automobiles.honda.com/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.
Additional media information, including detailed pricing features and high-resolution photography of the 2015, CR-V, Fit and Odyssey are available at www.hondanews.com. Consumer information is available at automobiles.honda.com.
About Honda
Honda offers a full line of reliable, fuel-efficient and fun-to-drive automobiles for American car buyers through approximately 1,000 independent U.S. Honda dealers. The Honda lineup includes the Accord, Crosstour, Civic, Fit, CR-Z and Insight along with the Pilot, and CR-V sport-utility vehicles and the Odyssey minivan.
Honda has more models achieving an IIHS TOP SAFETY PICK+ rating than any other automotive nameplate.
Honda has been producing automobiles in America for more than 30 years and currently operates 16 major manufacturing facilities in North America. In 2013, more than 94 percent of all Honda vehicles sold in U.S. were made in North America, using domestic and globally sourced parts.
About ALG
Founded in 1964 and headquartered in Santa Barbara, California, with an office in Toronto, Ontario, ALG is an authority on automotive residual value projections in North America. By analyzing nearly 2,500 vehicle trims each year to assess residual value – which is mainly driven by used car inventory, brand strength, macroeconomic conditions, incentive spending and pricing – ALG provides auto industry and financial services clients with resale insights, forecasts and consulting services about the future vehicle marketplace. ALG, owned by TrueCar, Inc., the negotiation-free car buying and selling platform, has been publishing residual values for all cars, trucks and SUVs in the U.S. for 50 years and in Canada since 1981. The 2015 Residual Value Awards, honoring new vehicles projected to best maintain their value, will be announced Nov. 17. For more information, visit www.alg.com.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE) is the negotiation-free car buying and selling platform. TrueCar enables a negotiation-free car buying experience by giving buyers transparent insight into what others actually paid (price confidence), upfront pricing information (price discovery), and access to a network of trusted TrueCar Certified Dealers who provide guaranteed savings certificates and seamlessly complete the car purchase. The reality is that buying a car is painful and buyers fear they are going to overpay or be surprised with hidden fees. TrueCar's transparent upfront pricing information makes the car buying process simple so there are no surprises and buyers never overpay. TrueCar's mission is to make car buying simple, fair and fun. Its national network of more than 9,000 TrueCar Certified Dealers, including both new car franchise dealers and non-franchise dealers, is committed to providing negotiation-free savings off MSRP and upfront pricing information for all car-buyers, including members of some of the country's largest membership and service organizations such as AARP, American Express, AAA, and USAA. Note: Not all program features are available in all states. Go to www.truecar.com for program details. TrueCar is headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas.
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