For the second consecutive year, Honda has claimed victory of Edmunds.com’s 2012 Best Retained Value non-luxury brand award. The site’s award aims to recognize brands and new car models that have the best projected residual value after five years of ownership.
Honda is known for making reliable and quality vehicles, and this award is a reflection of that effort. According to Edmunds.com, the average resale value of a Honda after five years of ownership is about 47.9% of the original price.
Joe Spina, Director of Remarketing for Edmunds.com said, “Honda has long had a reputation for dependable used vehicles, and that is reflected in today’s booming used car market…Honda’s family of vehicles continues to expand the company’s status as one of the best values available to car buyers today.”
Besides the brand awards, Edmunds.com also recognizes individual new car models and names a total of 23 Best Retained Value award winners in model-level categories. Honda has four 2012 model winners. These include: Honda Civic Hybrid for the Hybrid category; Honda Civic Sedan for the Sedan Under $20k category; Honda CR-V for the SUV $25k-$35k category; and the Honda Odyssey for the Vans category.RSS Feed