We talk a lot about the quality and value of the Honda vehicles on our lot and the thousands of Honda owners across Canada will back that up. But every now and then, it’s nice to get some recognition from the experts. At the 2015 Canadian International Auto Show in Toronto, three Honda vehicles were given a total of four awards for their value. With awards from ALG and Canadian Black Book, the Honda CR-V, Fit and Odyssey all had to make a little extra space in their trophy cases after the year’s biggest Canadian Auto Show.
“Honda Canada is honoured to be recognized by CBB and ALG for their prestigious value awards,” said Dave Gardner, senior vice president of operations at Honda Canada. “The distinction speaks to the promise of our core brands – reliability, durability and quality – and provides our customers with the knowledge that they are purchasing the highest quality vehicles.”
Honda Odyssey, CR-V earn ALG Residual Value awards
The ALG Residual Value Awards recognized the vehicles expected to best retain their value after a four-year period. Evaluators look at a number of factors, including class competition, historical vehicle performance and industry trends. Of the 22 vehicle segments in which awards were given, the Honda CR-V took home the compact utility segment Residual Value Award while the Honda Odyssey was given the minivan Residual Value Award.
Honda Fit, Odyssey earn Canadian Black Book Awards
Unlike the ALG Residual Value Awards, the Canadian Black Book awards look at vehicles from the 2011 model year that have best retained their original MSRP over the past four years. By withholding their value, these vehicles will reduce cost of ownership by providing great returns when owners look to sell or trade-in their vehicles.
From the 2011 model year, the Honda Fit and Honda Odyssey had the best value retention in their respective classes.
These awards are also good to note for used car shoppers. The Fit and Odyssey retain their value so well that they are among the highest quality used cars available.