Thursday, April 19, 2012

Honda and Acura Take Top Prizes in Edmunds.com's Best Retained Value® Awards

Honda and Acura took home the top prizes in Edmunds.com's second annual Best Retained Value® Awards, which recognize the brands and new car models that have the highest projected residual value after five years, expressed as a percentage of their True Market Value® (TMV®) when sold new.

Honda won the 2012 brand award for non-luxury makes for the second consecutive year, while Acura took home the luxury brand award for the first time. Edmunds.com found that Honda's average projected retained value after five years is 47.9%, while Acura's average projected retained value is 44.6%. In each case, the percentage is based on the average five-year retained value of the carmaker's 2012 models that launched prior to the end of 2011.

"Honda has long had a reputation for dependable used vehicles, and that is reflected in today's booming used car market, " said Joe Spina, Director of Remarketing at Edmunds.com. "And with Acura beating out all other luxury brands, Honda's family of vehicles continues to expand the company's status as one of the best values available to car buyers today. "

For more information about the Edmunds.com Best Retained Value Awards, visit http://www.edmunds.com/car-reviews/best-retained-value-cars.html.

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