Honda, Acura Tops In ALG Resale Value
When it comes to resale value, Honda and Acura vehicles are worth the most when owners bring them back for trade-in or lease termination. The Torrance, Calif., U.S. firm of the Japanese brand and its luxury division are tops in ALG's 14th annual Residual Value Awards, honoring the auto brands whose vehicles, after three years of ownership, come closest to retaining the transaction price they had when they were new.
Acura returns to the top ranking among Premium brands after a two-year gap while Honda ranks highest after a three-year gap. While Acura and Honda claim the top spots, it was the Toyota family of brands that walked away with the most hardware – nine total – six awards for Toyota, two for Lexus and one for Scion.
“Residual value is a complete indicator of vehicle value, taking into account quality, durability and brand desirability,” said Larry Dominique, President of ALG, in a statement. “The Residual Value Awards measure the most important brand performance metric – the statement consumers make with their wallets when they purchase a vehicle.” In the Midsize and Compact Car segments, the Honda Accord and Hyundai Elantra ranked highest respectively. In the Midsize Car segment, the Subaru Legacy was second and the redesigned Nissan Altima third.
In the Compact Car segment, the Scion TC and Mazda3 rounded out the top three. The big surprise was Hyundai, which came in second behind Honda among Mainstream brands. Scion, which was on the chart for the first time, ranked third. Infiniti and Audi ranked second and third among Premium brands. Lexus, last year’s highest ranked brand, is now fourth.