auto awards Archives - Frank Ancona Honda blog

November 29, 2012

Honda Wins ALG’s 2013 Residual Value Award for Best Mainstream Brand Topping all Other Competitors in Long Term Value

Posted by: Jason Heard, Sales Manager at Frank Ancona Honda

The team at Frank Ancona Honda is pleased to tell its Kansas City customers about the prominent awards American Honda Motor Co., Inc. recently received and to carry on the tradition of excellence!

American Honda Motor Co., Inc. received multiple 2013 Residual Value Awards from ALG, including the top honor of Best Mainstream Brand. Additionally, the 2013 Honda Accord, Honda Odyssey and Honda Fit each received individual Residual Value Awards as the highest ranked vehicles in their respective segments. As the leading provider of residual value information to the automotive industry, ALG’s annual Residual Value Awards honor the vehicles in each industry segment that ALG predicts will retain the highest percentage of their original price after a three-year period.

“Long-term value and reliability are both hallmarks of the Honda brand and we are honored to be recognized by ALG as the industry leader in these key qualities,” said Michael Accavitti, vice president of national marketing operations at American Honda. “The Honda engineering philosophy not only delivers immediate value to our customers but will pay off in the long run as well.”

The Honda brand was named the Best Mainstream Brand for 2013, which recognizes the entire Honda lineup for exceptional vehicle quality, strong brand desirability, and long-term reliability. The all-new 2013 Accord ranked the highest in the ultra competitive Midsize Car category. The Honda Odyssey prevailed in the Best Minivan (MPV) category, retaining the top spot for the second consecutive year. The Honda Fit received a Residual Value Award for the fifth consecutive year in the Sub-Compact Car category. Since 2000, the Honda brand has earned 28 model awards and seven overall brand awards from ALG.

“The Honda brand is a constant in ALG’s Residual Value Award history,” said Larry Dominique, President of ALG. “With its smart, value-focused financial strategy, excellent perceived quality, and the all-new Accord, Honda has proven that it provides a compelling, high residual value package for consumers.”

ALG determines the award winners through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, as well as pricing strategies are among the key factors that affect ALG’s residual value forecasts.

August 4, 2011

Honda Tops Industry in 2011 Initial Quality Study: Winners Include the Civic, Accord & Element

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Posted by Jason Heard, Sales Manager at Frank Ancona Honda

We are pleased to announce that Honda recently attained its best ever results in the 2011 J.D. Power and Associates Initial Quality Study (IQS) with seven different vehicles winning their categories and four vehicles coming in second. In addition, Honda was also rated the second highest in the entire survey, beating luxury brands such as Lexus.

Honda Tops Industry in 2011 Initial Quality Study

Coming off a long string of challenging sales months, and still dealing with the aftereffects of this spring’s disasters in Japan, Honda finally was the recipient of some good news recently, when the automaker achieved its best results ever in the 2011 J.D. Power and Associates Initial Quality Study (IQS). Not only was Honda the second-highest-rated brand in the entire survey, topping even all luxury brands except Lexus, but it also had seven different vehicles win their segments—more than any other automaker—and its own premium division, Acura, finished in third place overall.

Topping their categories for Honda were:

•Honda Fit—Sub-Compact Car
•Honda Civic and Honda Insight (tie)—Compact Car
•Honda Accord—Midsize Car
•Honda Element—Compact Crossover/SUV
•Honda Accord Crosstour—Midsize Crossover/SUV
•Honda Ridgeline—Midsize Pickup

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