Honda Passport Tops Residual Value Rankings in Mid-Size SUV Category

Once again, the Honda Passport has been distinguished with the J.D. Power Canada ALG Residual Value Award, marking its fourth win in five years for outstanding residual value among mid-size SUVs with 2-row seating. This consistent recognition reaffirms the Passport's leading position in retaining its value, a critical aspect for consumers in the automotive market.

According to J.D. Power, the Honda Passport leads its class in residual value, predicting that it will best maintain its worth over time compared to its peers. This accolade is particularly significant for buyers focused on the long-term value of their vehicle investment, highlighting the Passport as a prime choice in its segment.

Expressing pride in this achievement, Steve Hui, Assistant Vice President at Honda Canada, underscored the value of the J.D. Power 2024 Canada ALG Residual Value Awards. These awards are a benchmark in the industry, recognizing vehicles that are expected to retain the most significant portion of their MSRP after three years, based on their engineering quality, reliability, and safety. Hui's comments reflect Honda's broader commitment to excellence and durability in its vehicle lineup.

The J.D. Power Canada ALG Residual Value Awards are a trusted source for consumers, indicating which vehicles are likely to hold their value best. This information is essential for evaluating the total cost of vehicle ownership and making informed decisions about financing, leasing, or purchasing outright.

To conclude, the Honda Passport's latest recognition from J.D. Power as the mid-size SUV with the highest residual value is a testament to its enduring appeal and financial wisdom. For buyers prioritizing a vehicle that combines reliability with lasting value, the Honda Passport emerges as a compelling option. This award is not just a nod to Honda's engineering and design prowess but also serves as a valuable guide for consumers aiming to make a prudent automotive investment.