Honda Pre-Owned Certification Program Accolades
Certification Accolades
Honda wins the Automotive Lease Guide Industry Brand Residual Value Award for 2008.
On October 24, 2007, Honda was announced the winner of the Automotive Lease Guide (ALG) overall Industry Brand Residual Value Award for the fifth year in a row.† This award honors the 2008 auto brand predicted to retain the highest percentage of its MSRP. Honda vehicles were once again selected based on their effective pricing and superior performance history. The Accord in the Midsize car segment and the Odyssey in the Minivan category also received the award. It was the seventh consecutive win for the Odyssey.
†ALG Industry Brand Residual Value Award
based on highest predicted retained value of an industry brand, December 2008
Though competition among manufacturer certified used-car programs has increased, Honda continues to set the standard among non-luxury nameplates—based on the findings of IntelliChoice, a leading provider of automotive information to consumers. The Campbell, California-based research firm rated the Honda Certified Used Cars program "Best in Class" for the fifth year running.
What makes Honda's program so dominant?
IntelliChoice cited our used-car warranty, inspection list, use of vehicle history reports and the level of participation by dealers in Honda's Certified Used-Car program.
"Honda continues to set the standard for certified non-luxury programs," said IntelliChoice publisher Dave Wurster in announcing the survey results. "This fifth-straight win is proof of Honda's commitment to their program, their dealers and most importantly, their customers."
IntelliChoice, working with a team of ASE-certified mechanics, developed a standardized list of 141 items that should be inspected when certifying a used car. Manufacturer programs were then rated based on how well their inspection lists compared with the standard, as well as other factors.
Among non-luxury nameplates, Honda came the closest to meeting—in some areas exceeding—the IntelliChoice standard.
*IntelliChoice® Inc., September 2003 review of 23 manufacturer programs. Honda was the top-ranked non-luxury manufacturer. www.intellichoice.com.
