Three Honda models - Accord, Fit, and Odyssey - bag ALG’s Residual Awards for 2010 model year. The 11th Annual Residual Awards are given to models in each industry segment that ALG foresees will maintain the highest percentage of their original market value after a period of three years.
Honda Accord topped in the Best Midsize Car category, the Fit won in the Best Compact Car category, and the Odyssey reigned in the Best Minivan category. Since model year 2001, American Honda Motor Co, Inc. has gained 20 model awards and six overall brand awards from ALG.
Winners are determined by meticulously studying the competition in each segment, industry trends, as well as historical vehicle performance. Among the main factors considered by ALG in forecasting the vehicle’s residual value are vehicle quality, pricing strategies, and production levels relative to demand.
