In case you missed it, the 2018 Fit, 2018 Accord, and 2018 Odyssey received 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.
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.
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.”
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.
Earning three ALG Residual Value awards puts Honda into rare company amongst mainstream volume brands, with only Subaru and Toyota winning more. Subaru split its earnings amongst cars and crossover SUVs, whereas Toyota received all of its honours within the SUV and truck segments. Honda, on the other hand, was strongest in the car sector.