Home > Best automobiles, Honda Cars, Vehicles review > It’s a FACT: Your Miami Honda has a High Resale Value

It’s a FACT: Your Miami Honda has a High Resale Value

The Automotive Lease Guide, also known as ALG, has just released its 2010 Residual Value Awards and Honda didn’t disappoint. The Award, which was started in 2001, honors those vehicles that retain the highest percentage of their original price after a three-year lease.  ALG carefully studies the segment competition, sales strategy, resale performance, and residual values to come up with the winners. This year marked the 11th annual awards, which featured only 2010 model vehicles.  A complete list of the winners can be found on www.alg.com.

Honda which came in as the runner-up in the Mainstream Brand Residual Value Award, received three segment Residual Value Awards for the Fit (Entry Compact Car), Accord (Mid-size car), and the Odyssey (Minivan). John Mendel, executive vice president of American Honda Motor Co. said,  “These ALG awards once again recognize Honda’s commitment to offer high-quality products with long-term value.” Since 2001, the Honda brand has earned 20 model awards and six overall brand awards from ALG. Acura, a division of American Honda Motor Company, has won the Luxury Brand Residual Value Award for the second consecutive year. General Manager of ALG, James Clark, described the Awards, “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.”

There is no doubt these awards come as a deciding factor for many car enthusiast out there who are looking for a car that will last them for years to come without costing them more than what they can afford. Visit your nearest Miami Honda dealership to test drive or purchase your reliable Honda vehicle.


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