Honda, Mercedes-Benz, Toyota and Lexus are best at retaining their value after years of ownership

Article by Anita Panait, on November 23, 2013

Honda, Mercedes-Benz and the Toyota and Lexus were acclaimed as the brands offering vehicles that could retain their value even after years of ownership. The annual Residual Value Awards by ALG has named Honda and Mercedes as the top mainstream and top luxury brands, respectively. ALG ranked 2014 model vehicles that could retain the highest percentage of the manufacturer’s suggested retail price three years into the future -- the length of a typical lease.

Mercedes unseated the Acura brand for the top spot in the premium segment. This is the first time in seven years that a Japanese luxury carmaker failed to win the top spot in ALG’s scorecard.

Honda, however, won ALG’s top mainstream pick for second year in a row. Larry Dominique, president of ALG, said in a statement that Honda’s “prudent use of incentives -- $1,000 lower than the mainstream average -- and low rental fleet penetration” help maintain vehicle value.

On the other hand, the Resale Value Awards from Kelley Blue Book has named Toyota and Lexus as the best mainstream and top luxury brands, respectively.  Kelley uses a five-year measure, which is the typical period of ownership.

Toyota’s score surged 2.1 percentage points to 46.1 percent, which means its vehicles are likely to retain an average of 46.1 percent of their sticker price after five years of ownership.  Trailing behind Toyota is Subaru. Lexus – which is Toyota’s luxury brand – saw its score surge about 2 percentage points to 45.6 percent. It was followed by Audi. The industry average for 2014 models was 39.7 percent.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries