Honda Canada honoured with Canadian Black Book Best Residual Value Awards

  • Honda Canada awarded 'Best Overall Brand: Car'
  • Civic and Accord included as winners
  • Honda CR-V recognized as a 'Best SUV: Main Compact'

Honda Canada has received prestigious recognition from Canadian Black Book (CBB), the leading provider of Canada's vehicle valuation data and residual value, by being named the 'Best Overall Brand: Car' for 2023. According to CBB, Honda cars are the best at retaining their value after four years of ownership.

The 2023 Best Residual Value Awards measure vehicles by how much value they retain of their initial manufacturer's suggested retail price, with these awards going to model-year-2020 vehicles. Over 20 categories of cars, trucks, SUVs and EVs were evaluated by CBB for the 2023 awards.

In addition to the Honda Civic and the Accord being included as part of the 'Best Overall Brand: Car' award, the Honda CR-V was recognized as a 'Best Overall SUV: Main Compact'. Both the Civic and CR-V are proudly built at Honda of Canada Mfg. plants in Alliston, Ontario.

For more details about the Canadian Black Book 2023 Best Retained Value Awards click here.

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About Honda Canada
Honda Canada Inc. was founded in 1969 and is the parent company for both Honda and Acura vehicle brands in Canada. Since 1986, the company has produced Honda engines and almost 10 million cars and light trucks at its Alliston, Ontario manufacturing facilities, where the Honda Civic and Honda CR-V are currently built. Honda Canada has invested over $6.5 billion in Canada, and each year sources over $3 billion in goods and services from Canadian suppliers. Since its inception, Honda Canada has sold over five million Honda and Acura passenger cars and light trucks in Canada through a dealer network of more than 280 dealerships across the country. For more information, please visit

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