Honda Canada Presented with Five Value AwardsApr 16th, 2017
Honda Canada received five 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 has developed a strong reputation for providing dependable vehicles Canadians can count on,” said Jean Marc Leclerc, Vice President, Sales and Marketing. “We’re grateful to CBB and ALG for recognizing Honda as a company that delivers quality vehicles Canadians can trust.”
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 27 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
• Subcompact – Honda Fit
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 2017, this distinctive award program analyzed model year 2013 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 winner:
• Minivan – Honda Odyssey
Honda Canada Inc. (HCI) was founded in 1969 and is the parent company for both Honda and Acura vehicle brands in Canada. The company has produced more than 7.7 million cars and light 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 $4.7 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 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 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.