2015 Honda CR-V, Fit, and Odyssey Awarded for ALG Residual Value
Vehicles Awarded Top Spots in their Respective Segments
When purchasing a vehicle, do you consider its residual value? Knowing this value can help to determine how much your car will be worth after 24, 36, 48, and 60 months. The ALG (Automotive Lease Guide) named the 2015 Honda Fit, CR-V, and Odyssey to their 2015 list of Residual Value Award winners for their respective segments.
Related: Honda Odyssey Tops IIHS Safety List
ALG provides the auto and financial industries with projections and insights into how well vehicles will hold their value. In their annual Residual Value Awards, ALG “recognize[s] automakers’ outstanding achievements for vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period,” according to a Honda press release.
“One of Honda’s key priorities is to offer our customers vehicles that hold their value throughout the ownership experience,” Jeff Conrad, senior vice president and general manager of the Honda Division of American Honda Motor, said in the press release. “Our brand is committed to retail sales leadership through top-quality, well-equipped vehicles, and that sets Honda apart in a way that benefits our customers now and in the years to come.”
The residual value is a percentage of the vehicle’s MSRP. It is used to determine how much a car will be worth at the end of a lease. This is the price the lessees would pay to purchase their car at the end of the lease, according to Real Car Tips.
In the subcompact car category, the 2015 Honda Fit won out against the first runner-up 2015 Scion xD and the second runner-up 2015 Nissan Versa. The 2015 Honda Fit was also awarded the IIHS Top Safety Pick. It has room for five, 16.6 cubic feet of space in the cargo area behind the rear seats, and 52.7 cubic feet with the rear seats folded down. The new Fit has a base MSRP of $16,315, and holds its value better than others in its class, according to ALG. After 24 months the 2015 Honda Fit LX manual transmission is estimated to hold 68 percent of its residual value, and after five years it is estimated to hold 42 percent of its value.
View Fisher Honda’s Fit inventory.
The 2015 Honda Odyssey finished first in the minivan segment for best residual value, ahead of the 2015 Kia Sedona and 2015 Toyota Sienna. The new Odyssey seats eight in its EX model and above, with an overall passenger volume of 172.6 cubic feet. The one-motion 60/40 split third row magic seat is easy to use. Just pull the strap that is attached to the back of the seat and it folds down into the floor. According to Honda, there is enough floor space for a stack of 4-by-8 sheets of plywood laid flat. The base MSRP for the 2015 Honda Odyssey is $29,805. After 24 months the 2015 Honda Odyssey LX is estimated to hold 65 percent of its residual value. After five years, the vehicle is estimated to hold 41 percent of its value.
View Fisher Honda’s Odyssey inventory.
Taking over the CUV segment, the 2015 Honda CR-V placed first in residual value in its segment ahead of the 2015 Toyota RAV4 and 2015 Subaru Forester. The new CR-V seats five and has 60/40 rear seats. The base MSRP of the CR-V is $24,150. After 24 months the 2015 Honda CR-V 4WD LX is estimated to hold 67 percent of its residual value. After five years, the vehicle is estimated to hold 45 percent of its value.
View Fisher Honda’s CR-V inventory.
In the 15 years that the ALG awards have been given, Honda has won 33. The 2015 Honda CR-V, Fit, and Odyssey are in stock at Fisher Honda in Boulder, Colo. Call Fisher Honda at 303-245-6417 to schedule a test drive!