 Honda Takes Home Three Residual Value AwardsALG has granted their prestigious Residual Value Awards to brand new Honda Fit, CR-V, and Odyssey models.
2015 Honda Fit Jeff Conrad, senior vice president and general manager of the American Honda Division responded to the awards, saying, "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." But what is residual value? It's just what it sounds like: the amount of a car's value left over after a certain period of time. The old story about a car losing all of its value after it's driven off of the lot is pretty far from the truth, but the day a person drives a car home, it does start to depreciate. And the team at ALG looks at past and present data for vehicles to estimate just how much a new car like the 2015 Honda Fit will depreciate over time. ALG determines their statistics and awards winners through a study of the competition in every segment, historical performance of the model, and trends in the industry. While the needs of drivers will change from year to year, traits like production levels, vehicle quality, and overall pricing are some of the most reliable indicators of a vehicle with high residual value. To see any of these three Honda models firsthand, readers have been asked to contact a sales team member at Bosak Honda Highland. In addition to these three models, the dealership features the full Honda lineup as well as a diverse selection of used cars, trucks, SUVs, and minivans. With convenient on-site auto maintenance and financing, they are the leading Honda dealer in the Highland area. Photo: https://www.prlog.org/ End
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