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

  • Awards underscore Honda's commitment to overall customer value and positive ownership experience

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 (alg.com/insights/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.

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 Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the "Automotive Lease Guide" – the standard for Residual Value projections in North America, and has been forecasting automotive residual values for 50 years in both the U.S. and Canadian markets. ALG is a subsidiary of TrueCar, Inc.

1 Based on model year 2012 fuel economy data from the U.S. Environmental Protection Agency and its report: "Light-Duty Automotive Technology, Carbon Dioxide Emissions, and Fuel Economy Trends: 1975 Through 2013." 2 Longevity based on IHS Automotive, Polk U.S. vehicles in operation registration statistics 1988-2012 for Honda and non-luxury competing brands.

 

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