Honda recognized by ALG 2010 Residual Value Awards

Residual or resale value is quickly becoming a consideration for new vehicle shoppers looking for maximum value and confidence.

For the past eight years, The Automotive Lease Guide, or ALG, has been awarding a Residual Value Award to carmakers who offer models with the highest expected resale values after a three-year period. Winning vehicles are chosen after the ALG carefully studies the competition in each segment and looks at historical vehicle performance and industry trends.

Quality, production levels and pricing strategies are considered, too.

For 2010, Honda was a big winner in the ALG Residual Value Awards -- achieving recognition for their Odyssey, Fit and Accord models.

ALG gave the Accord the win in the 'Best Midsize Car' category, and the Honda Fit won the title as the 'Best Compact Car'. Finally, the Odyssey prevailed in the ALG's 'Best Minivan' category.

According to Honda, they've had 20 model awards and six overall brand awards from ALG to date.

James Clark, General Manager of ALG, said "we continue to believe that residual value is the best metric for evaluating the overall strength of an automotive brand, and we congratulate all of the 2010 winners for their successful products and marketing strategies."

Other top-rated brands included Subaru, Mazda, Suzuki, and Ford. In the luxury scene, Honda's luxury division, Acura, was rated tops -- followed by Lexus, Audi, Infiniti and Land Rover.

Source;
http://timestranscript.canadaeast.com/wheels/article/942904