Honda Named Top Mainstream Brand in Residual Value for Third Straight Year

Four Models Named to ALG's Annual Top Retained Value List

December 5, 2023 | Torrington, CT

According to ALG, the automotive industry leading source in forecasting new vehicle depreciation, Honda vehicles are projected to retain a higher value after three years of ownership than any other mainstream brand. Additionally, Honda tied for the most category wins across luxury and mass market automakers. Honda's intelligent approach to releasing new products, trim levels and powertrains sustains their lineup's value and give customers more for their money over a longer term.

Civic, Accord, CR-V & Passport Top Their Segments

As Honda enjoys recognition as this year's Best Mass Market Brand in retained value, four models, Civic, Accord, CR-V and Passport lead ALG's list of Model Residual Value Awards in their respective segments. The Civic, Honda's most fun-to-drive, technologically advanced edition in its 50-year history earned the residual value award for the third year-in-a-row in the Compact Car segement. The redesigned 2024 Accord with a sleeker profile and enhanced sport hybrid powertrain topped the competition in the Midsize Car segment. The sixth-generation CR-V continues to lead the Compact SUV segmenr with a sporty, modern interior and an appealing, fun-to-drive personality. The 2024 Passport offers a top-of class combination of off-road capability and responsive on-road dynamics to win the ALG Midsize SUV 2-Row segment for the 5th year in a row.

What is ALG?

With over 50 years of experience forecasting future vehicle values, ALG delivers accurate residuals that inform approximately 40% of new vehicle launches in North America and nearly all lease transactions in the U.S. market. ALG analyzes a wide variety of macro, industry, and market factors to create the industry's benchmark depreciation forecasts through a suite of comprehensive offerings, including interactive software tools, custom reports, consulting and beyond.

Shop Sullivan Honda for New & Pre-Owned Hondas

With sustained value over their lifetime, Honda vehicles offer Torrington drivers the best options available whether you're in the market for a brand new Honda, or even a pre-owned model. You'll get an outstanding car that's loaded with style, technology, performance and safety advancements, all for an affordable price that doesn't break your budget. Shop our selection of Civic, Acord, CR-V, Passport and more and make your car shopping dollar go farther than any other brand in the industry.