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Honda & Acura Vehicles - Best Resale Value After 5 Years
Honda and Acura are the top brands based on projected resale value, according to Edmunds.com. The average vehicle from the brands, both of which are owned by Honda, will keep nearly half its original market value after five years, Edmunds said.
This is the second year that the website has issued its “Best Retained Value” awards. Honda also won last year in the non-luxury category. Acura, which is the leader in the luxury category, came in second to Lexus last year.
“The used-car customer really has faith in the Honda product and its utility and its reliability,” said Joe Spina, a senior analyst at Edmunds. His company looked at the current selling price of new vehicles and projected how much the value will fall over time.
Honda and Acura do much of their North American manufacturing in central Ohio, with assembly plants in Marysville and East Liberty.
Looking at specific models, the Honda Civic, Civic Hybrid, CR-V, Odyssey and Acura MDX led their segments. The CR-V and MDX are built in East Liberty.
The recognition from Edmunds is good news for Honda after a drop in sales in March, when other major automakers reported rising sales.
A Honda vehicle would retain 48 percent of its value after five years, while an Acura would retain 45 percent of its value, Edmunds said.
The runners-up were Toyota and Lexus, in non-luxury and luxury, respectively.
Because the makes retain such a large share of their value, owners stand to get more money when they trade in their vehicles than if they owned other brands.
Edmunds did not list the brands with the lowest retained value.
http://www.dispatch.com/content/sto.../honda-acura-lead-brands-in-resale-value.html
Honda and Acura are the top brands based on projected resale value, according to Edmunds.com. The average vehicle from the brands, both of which are owned by Honda, will keep nearly half its original market value after five years, Edmunds said.
This is the second year that the website has issued its “Best Retained Value” awards. Honda also won last year in the non-luxury category. Acura, which is the leader in the luxury category, came in second to Lexus last year.
“The used-car customer really has faith in the Honda product and its utility and its reliability,” said Joe Spina, a senior analyst at Edmunds. His company looked at the current selling price of new vehicles and projected how much the value will fall over time.
Honda and Acura do much of their North American manufacturing in central Ohio, with assembly plants in Marysville and East Liberty.
Looking at specific models, the Honda Civic, Civic Hybrid, CR-V, Odyssey and Acura MDX led their segments. The CR-V and MDX are built in East Liberty.
The recognition from Edmunds is good news for Honda after a drop in sales in March, when other major automakers reported rising sales.
A Honda vehicle would retain 48 percent of its value after five years, while an Acura would retain 45 percent of its value, Edmunds said.
The runners-up were Toyota and Lexus, in non-luxury and luxury, respectively.
Because the makes retain such a large share of their value, owners stand to get more money when they trade in their vehicles than if they owned other brands.
Edmunds did not list the brands with the lowest retained value.
http://www.dispatch.com/content/sto.../honda-acura-lead-brands-in-resale-value.html
