American Honda Motor Co., Inc., today announced that it has received three Residual Value Awards from ALG. ALG's 11th annual Residual Value Awards, for the 2010 model year, honored the vehicles in each industry segment that ALG predicts will retain the highest percentage of their original price after a three-year period.
The Accord won the award in the Best Midsize Car category, the Fit was the winner in the Best Compact Car category and the Odyssey prevailed in the Best Minivan category. Since 2001, the Honda brand has earned 20 model awards and six overall brand awards from ALG.
"In a challenging economy, residual value moves up on the list of buyer considerations," said John Mendel, executive vice president of American Honda Motor Co., Inc. "These ALG awards once again recognize Honda's commitment to offer high-quality products with long-term value."
ALG determines the award winners after carefully studying the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing strategies are among the key factors that affect ALG's residual value forecasts.
For more information or downloadable high-resolution images of Honda vehicles, please visit www.hondanews.com. Consumer information is available at www.honda.com.
About ALG (www.alg.com)
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 over 40 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).