Honda builds the vehicles with the best retained value in Canada according to the recent Canadian Black Book Best Retained Value Awards. Honda not only won the best overall mainstream brand award, it also placed four vehicles in the top three of their respective categories.
Retained value measures the percentage of the initial value a vehicle keeps after four years. In other words, it measures the level of depreciation of a vehicle and the resale value. A vehicle offering a strong retained value will have less depreciation and better resale value which means more money in your pocket.
The Honda Civic was named the best car among all mainstream vehicles for retained value while the Honda Accord placed third in the same category. The Honda CR-V finished second among all SUVs while the Honda Ridgeline finished third among sport utility vehicles.
Honda vehicles were already known for their reliability, fuel economy and low cost of ownership. Now we can add resale value among the long list of reasons to consider a new Honda vehicle. Give us a call today to learn more!
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