Three Honda Models Achieve Top Value Rating
Accord, Fit and Odyssey receive ALG's 2010 Residual Value Awards
12/02/2009 - TORRANCE, Calif. - American Honda Motor Co., Inc., today announced that it has received three Residual Value Awards from ALG. ALG's 11th annual Residual Value Awards, for the 2010 model year, honored the vehicles in each industry segment that ALG predicts will retain the highest percentage of their original price after a three-year period.
The Accord won the award in the Best Midsize Car category, the Fit was the winner in the Best Compact Car category and the Odyssey prevailed in the Best Minivan category. Since 2001, the Honda brand has earned 20 model awards and six overall brand awards from ALG.
"In a challenging economy, residual value moves up on the list of buyer considerations," said John Mendel, executive vice president of American Honda Motor Co., Inc. "These ALG awards once again recognize Honda's commitment to offer high-quality products with long-term value."
ALG determines the award winners after carefully studying the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing strategies are among the key factors that affect ALG's residual value forecasts.
Much-anticipated “Dog Friendly” equipment adds to diverse Element lineup
TORRANCE, Calif., Oct. 9, 2009 – The Honda Element lineup expands for the 2010 model year with an all-new “Dog Friendly™” pet accommodation system designed to improve safety, comfort and convenience for dogs and their owners alike, American Honda Motor Co., Inc., announced today. The 2010 Honda Element arrives at dealerships nationwide by mid-October. The Dog Friendly Element is set to become available on November 16.
“The Honda Element has long been recognized as an accommodating vehicle for people with active lifestyles involving sports and hobbies,” said Vicki Poponi, assistant vice president of Product Planning for American Honda. “The new Dog Friendly Element takes that concept to a whole new level with specially designed features for dogs and their owners.”
Engineered to integrate with factory precision into the Element EX, the Dog Friendly equipment is intended to accommodate the secure transportation of a dog in the cargo area within a nylon-webbed car kennel. In daily operation the car kennel helps prevent a dog from interfering with the driver in traffic by keeping the pet properly restrained and out of reach of the driver. In the event of a frontal collision, the kennel is intended to help restrain the dog behind the rear seats, reducing the chance for the pet to be injured – or to injure human occupants during a crash.
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