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Honda Canada Presented with Seven Value Awards at the Canadian International Auto Show

ALG recognizes Honda Accord, CR-V, Odyssey, Pilot and Acura TLX for Best Residual Value

Honda Fit and Odyssey awarded Canadian Black Book’s Best Retained Value

TORONTO, ON (February 11, 2016) – Honda Canada received seven combined awards from Canadian Black Book (CBB) and ALG for overall best retained value and best residual value. The segment awards are received for vehicle quality, reliability and overall value.

“One of Honda’s core values is to provide our customers with quality products that are reliable and dependable,” said, Jerry Chenkin, President and CEO of Honda Canada Inc. “We’re grateful to the CBB and ALG for their prestigious awards that recognize those values.” 

 

ALG Awards

ALG's Residual Value Awards honour the vehicles that are forecast to retain the highest percentage of MSRP after a four-year period for mainstream brands. Award recipients are chosen after a careful evaluation of vehicle criteria, including segment competition, historical vehicle performance and industry trends. Awards are given in 22 vehicle segment categories and two brand categories (Mainstream and Premium). This year’s winners include:

 

  • Compact Utility – Honda CR-V
  • Minivan – Honda Odyssey
  • Midsize Car - Honda Accord
  • Midsize Utility Vehicle - Honda Pilot
  • Premium Mid-Size - Acura TLX



Canadian Black Book Awards

The Canadian Black Book ‘Best Retained Value Awards’ acknowledge vehicles that retain the highest percentage of their original MSRP after four years. For 2016, this distinctive award program analyzed model year 2012 vehicles in 20 different categories. CBB's awards guide consumers who are looking for vehicles that hold their value best, thereby reducing the total cost of vehicle ownership...a critical consideration when purchasing a vehicle. This year’s winners include:

 

  • Sub-Compact Car – Honda Fit
  • Minivan – Honda Odyssey

 

About Honda Canada
Honda Canada Inc. was founded in 1969. It has produced more than seven million cars and trucks since 1986 at its two manufacturing facilities and builds engines at a third manufacturing plant in Alliston, Ontario. Both manufacturing facilities are extremely flexible and currently build Honda Civic and CR-V models. Honda Canada has invested more than $3.9 billion in Canada and each year it sources nearly $2.1 billion in goods and services from Canadian suppliers. Honda Canada has sold more than four million Honda and Acura passenger cars and light-duty trucks in Canada.

 

About ALG

Headquartered in Santa Barbara, California with an office in Toronto, Ontario, ALG is a leading provider of insights and consulting services to the automotive industry. ALG is the benchmark for residual value projections in North America, publishing residual values for all vehicles in the U.S. and Canada. ALG has been forecasting automotive residual values for more than 50 years in both the U.S. and Canadian markets. ALG is a subsidiary of TrueCar, Inc. For more information, visit www.alg.com.

 

About Canadian Black Book
As Canada's trusted source for unbiased vehicle values for more than 50 years, Canadian Black Book's roots are in providing proprietary industry data to insurance companies, banks, automotive manufacturers and dealers in booklet form and online. In 2010, to meet the increasing needs of consumers looking to make better-informed purchase decisions on new and used vehicles, CBB launched a consumer web site. Featuring listings and exclusive vehicle trade-in and future value calculators, www.canadianblackbook.com has had more than 11 million Canadians log over 100 million page views since launch.

 

 

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