Honda Captures Two Spots On ALG Residual Awards

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Honda Captures Two Spots On ALG Residual Awards

Japanese brands once again led the way in ALG’s 13th Annual Residual Value Awards, thanks largely to a mixture of strong consumer perception and loyalty, as well as low incentive spending and rental penetration, ALG’s Eric Lyman told Auto Remarketing in a recent interview.

The awards were released today and claiming the top spot on the mainstream side for the third straight year was Subaru. Honda took second place, with Hyundai trailing in third.

Recognizing that residual values are a widely used measure of brand health and vehicle quality, ALG honors those vehicles in each segment predicted to retain the highest percentage of their original price after a three year period. The annual awards are derived after careful study of segment competition, sales strategy, resale performance, and industry residual values. ALG also includes Industry Brand Residual Value Awards, bestowed on the brands with the highest predicted resale values among all mainstream and luxury vehicles.

Mainstream Brand: Subaru of America
Luxury Brand: Lexus

Segment Winners
Subcompact Car: Honda Fit
Compact Car: Hyundai Elantra
Midsize Car: Subaru Legacy
Full-size Car: Nissan Maxima
Sporty Car: Mazdaspeed3
Alternative Powertrain: Volkswagen Golf TDI
MPV: Honda Odyssey
Compact Utility: Jeep Wrangler
Midsize Utility: Subaru Outback
Full-size Utility: GMC Acadia
Midsize Pickup: Toyota Tacoma
Full-size Pickup: Toyota Tundra
Near Luxury Car: Mercedes-Benz C-Class
Luxury Car: Audi A6
Luxury Sports Car: Audi S5
Luxury Alt-Fuel: Lexus CT 200h
Luxury Compact Utility: Land Rover Range Rover Evoque
Luxury Midsize Utility: Land Rover Ranger Rover Sport
Luxury Full-size Utility: Audi Q7

The brand rankings are:

Luxury
Lexus
Acura
Infiniti
Mercedes-Benz
Audi

Mainstream
Subaru
Honda
Hyundai
Mazda
Toyota
Nissan
Kia
Volkswagen

 

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Kelly Blue Book Names The Honda Fit:

2012 Best Resale Value Awards: Subcompact Car

Why is the Honda Fit the best subcompact car when it comes to resale value? Because it's made by Honda. More specifically, it upholds Honda's signature formula for success by combining reliability, fuel efficiency, affordability and innovation. The Honda Fit has been a true crowd-pleaser since its inception and continues blending utility with driving fun in its second generation.

We prefer the manual over the automatic, but regardless of transmission choice the Fit's 117-horsepower, 1.5-liter engine is responsive while returning up to 35 mpg. On the outside, the seats can be folded to reveal up to 57.3 cubic feet of cargo room and the rear "Magic Seat" flips and folds in different configurations to accommodate all manner of cargo shapes and sizes. It even has a stash pocket underneath the seat bench to store smaller items.

On the outside, the Fit exudes progressive styling, setting it apart from other cars on the road and in its subcompact class. Its large expansive windows allow for greater visibility, and a long wheelbase adds stability. The up-level Fit Sport is the more aggressive looking of the two trims available, including aesthetic additions like an underbody kit and spoiler, dark headlamp bezels and dark 16-inch alloy wheels.

Price-wise, it's hard to overlook the Honda Fit because it can fit in almost anyone's budget, no pun intended. The base trim starts at $16,000 and for those who like everything on their pizza, the Fit Sport with navigation commands a price tag of about $20,500. When all is said and done, these factors are what make the Fit a formidable contender in the subcompact segment.