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Honda Canada is Presented with Five Value Awards at Canadian International Auto Show

Honda Canada cleaned up against the competition with five value awards at the Canadian International Auto Show in Toronto. The company received the combined awards from the ALG and Canadian Black Book (CBB) for best residual value and overall best retained value. Segment awards are granted 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 ‘Residual Value’ Awards

ALG’s Residual Value Awards recognize vehicles expected to hold the highest percentage of MSRP after a four-year period for mainstream brands. A careful evaluation takes into consideration vehicle criteria, including segment competition, historical performance, and industry trends. ALG awards are divided between 27 vehicle segments and two brand categories, Mainstream and Premium.

2017 ALG award-winners include:

• Compact Utility – Honda CR-V
• Minivan – Honda Odyssey
• Midsize Car – Honda Accord
• Subcompact – Honda Fit

For over half a century, ALG has been a leading provider of insights and consulting services to the automotive industry. The organization sets the benchmark for residual value projections in North America.

Canadian Black Book Award ‘Best Retailed Value Awards’

The Canadian Black Book ‘Best Retained Value Awards’ acknowledge vehicles that retain the highest percentage of their original MSRP after four years. This year, this distinctive award program analyzed model year 2013 vehicles in 20 different categories. CBB’s awards assist consumers looking for vehicles that retain their value best, thereby reducing the total cost of vehicle ownership.

This year’s CBB winner was the Honda Odyssey Minivan.

As Canada’s trusted source for unbiased vehicle values for more than 50 years, Canadian Black Book helps consumers make more informed purchasing decisions on new and used vehicles.

Stop by Waterloo Honda to discover the value of Honda’s award-winning line-up. Our rotating selection of new and used vehicles offer something for everyone.

Feb 20th, 2017