ALG recognizes Honda CR-V and Odyssey for Best Residual Value
Honda Fit and Odyssey awarded Canadian Black Book’s Best Retained Value
TORONTO, ON (February 12, 2015) – As Canadian automotive media gather to open the Canadian International Auto Show in Toronto, Honda received four 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.
“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.”
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
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 2015, this distinctive award program analyzed model year 2011 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 6.5 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 4 million Honda and Acura passenger cars and light-duty trucks in Canada.
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 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.