American Honda Motor Co., Inc., announced today that it has received two Residual Value Awards from ALG for the 2012 Odyssey minivan and 2012 Fit sub-compact. ALG's annual Residual Value Awards honor the vehicles in each industry segment that ALG predicts will retain the highest percentage of their original price after a three-year period.
The Honda Odyssey prevailed in the Best Minivan (MPV) category retaining its top spot from last year. The Fit was the winner, for the fourth consecutive year, in the increasingly competitive Sub-Compact Car category. Since 2001, the Honda brand has earned 24 model awards and six overall brand awards from ALG.
"We are delighted to receive two Residual Value Awards from ALG for the Fit and the Odyssey," said John Mendel, executive vice president of sales for American Honda. "From the smallest to the largest, Honda vehicles are designed to provide class-leading quality, feature content and value to our customers."
ALG, the leading provider of residual value information to the automotive industry, determines the award winners through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, as well as pricing strategies are among the key factors that affect ALG's residual value forecasts.
Additional media information, including detailed pricing features and high-resolution photography of the 2012 Honda Fit and the 2012 Honda Odyssey is available at www.hondanews.com. Consumer information is available at automobiles.honda.com.
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