Fun to Drive Honda Fit Wins a Multitude of Auto Awards – Troy Honda

(OPENPRESS) March 8, 2011 -- The Honda Fit, a subcompact five-door hatchback, is a super-metro champion. For 2011 the Honda Fit offers exceptional space efficiency and fuel economy in an affordable and stylish package. The vehicle has already won a multitude of awards that prove the Fit’s dominance.

Most recently, the magazine Consumer Reports named the Honda Fit as the small car with the best overall value. Over 200 different vehicles were analyzed, and the Honda Fit surpassed them all to take the lead. The winning score was determined by a variety of factors including performance, reliability, and ownership cost data.

This latest win, is just one of the many the Honda Fit has been honored with. The small car has also been awarded ALG’s Residual Value Award for the Best Sub Compact Car. This award showcases that the Fit retains its value over time which is an important aspect drivers consider when purchasing cars. The Honda Fit is a very versatile car, so it is able to hold its value whether new or used. This award goes along with Kelly Blue Book’s award for ‘Best Resale Value Award’ in the sub-compact car category. KBB gives this award to a vehicle in each category that has the best resale value after five years.

Car and Driver’s praised the Honda Fit for its fun to drive experience and named the vehicle on its 10 Best Cars list. U.S. News and World Reports also named the Fit on its list of 2011 Best Cars for the Money due to its impressive fuel economy, spacious cabin and affordable price tag.

The award winning Honda Fit is available at Troy Honda, a Honda dealer serving the Detroit, MI area. Visit http://troyhonda.com/new-cars.aspx to view the Honda car dealer’s extensive inventory of new and used Honda Fits.

About Troy HondaTroy Honda, http://www.TroyHonda.com, of the Detroit area carries an extensive inventory of new and used Honda cars, trucks and SUVs. In addition the service department at Troy Honda handles general maintenance to large repairs and the parts department keeps a large selection of OEM certified parts. Troy Honda’s primary goal is 100% customer satisfaction.

Source;
http://www.theopenpress.com/index.php?a=press&id=98272

Honda recognized by ALG 2010 Residual Value Awards

Residual or resale value is quickly becoming a consideration for new vehicle shoppers looking for maximum value and confidence.

For the past eight years, The Automotive Lease Guide, or ALG, has been awarding a Residual Value Award to carmakers who offer models with the highest expected resale values after a three-year period. Winning vehicles are chosen after the ALG carefully studies the competition in each segment and looks at historical vehicle performance and industry trends.

Quality, production levels and pricing strategies are considered, too.

For 2010, Honda was a big winner in the ALG Residual Value Awards -- achieving recognition for their Odyssey, Fit and Accord models.

ALG gave the Accord the win in the 'Best Midsize Car' category, and the Honda Fit won the title as the 'Best Compact Car'. Finally, the Odyssey prevailed in the ALG's 'Best Minivan' category.

According to Honda, they've had 20 model awards and six overall brand awards from ALG to date.

James Clark, General Manager of ALG, said "we continue to believe that residual value is the best metric for evaluating the overall strength of an automotive brand, and we congratulate all of the 2010 winners for their successful products and marketing strategies."

Other top-rated brands included Subaru, Mazda, Suzuki, and Ford. In the luxury scene, Honda's luxury division, Acura, was rated tops -- followed by Lexus, Audi, Infiniti and Land Rover.

Source;
http://timestranscript.canadaeast.com/wheels/article/942904

ALG: Automotive Depreciation Rankings for 2009 Vehicles

Alot of people wonder how brands stack up against eachother with regards to re-sale value. Here is a chart that compares just that, not just comparing brands but also comparing the individual vehicles. 5-stars are the best and 1-star is the worst.

5 Stars (above), these vehicles hold their value the best and depreciate the least.
4 stars (above), still hold their value exceptionally well, but obviously not as well as the 5's.
3 stars (above) these vehicles would be classed as 'average' resale, not too bad, not too great.

2 stars (above), below average, these cars do not hold their value very well at all.
1 star, terrible. Just plain terrible. Drop a stone off a bridge....

Source;

https://www.alg.com/DepreciationRatings

Two Japanese Carmakers Leads Over All Other Mainstream Brands.Toyota, Honda

Toyota, Honda and Volkswagen Take Top Spots in ALG's Fall 2009 Perceived Quality Study
Las Vegas (CRWENEWSWIRE) Nov. 23, 2009 Two Japanese carmakers, Toyota and Honda were the top performers among mainstream brands in ALG’s Fall 2009 Perceived Quality Score (PQS). German carmaker Volkswagen (VW), takes third spot .

Ford Cars showed the strongest year-over-year improvement in perceived quality, followed by Ford Trucks/SUVs. Ford’s ability to avoid bankruptcy and launch new models in 2009 has likely generated increased consumer confidence in the brand.

Hyundai rounded out the top three in terms of greatest year-over-year improvement.

Consistently lead the industry when it comes to perceived quality are Toyota and Honda. These companies have maintained a long history of durable and reliable powertrains.

About ALG
Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” – the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 37 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK).

About DealerTrack
DealerTrack’s intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers. Our solution set for dealers is the industry’s most comprehensive. DealerTrack operates the industry’s largest online credit application network, connecting over 17,000 dealers with over 750 financing sources. Our Dealer Management System (DMS) provides dealers with easy-to-use tools with real-time data access that will streamline any automotive business. With DealerTrack Inventory Optimization, dealers get better data along with the tools to make smarter, more profitable inventory decisions. Our Sales and F&I solution enables dealers to streamline the entire sales process, quickly structuring all types of deals from a single integrated platform. DealerTrack’s Compliance solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets. DealerTrack’s family of companies also includes data and consulting services providers, ALG (Automotive Lease Guide) and Chrome Systems. For more information, visit www.dealertrack.com.

Source;
http://www.transworldnews.com/NewsStory.aspx?id=142354&cat=1

2009 Automotive Depreciation Ratings

ALG is the leading source for automotive residual values and analytical data products, as well as consulting services for automotive manufacturers, finance companies, and fleet companies. If you are a consumer or lessee, we also offer tips and tools for vehicle leasing to help you calculate monthly payments, understand residual values, and gain knowledge about the automotive industry in general.

Below are the individual rankings, 5 is the best - 1 is the worst.

Source;
https://www.alg.com/DepreciationRatings