J.D. Power’s ALG division, known as the authority of automotive residual value projections, has released its annual ALG residual value awards for 2022.

Impressively, Honda received the most Residual Value Awards – 3 vehicles were awarded. The Honda Civic, Passport and Odyssey all earned the top spot in the respective segments.

“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles”

said Eric Lyman, vice president of ALG.

“The brands and vehicle models that rise to the top demonstrate that they score well across the award program’s criteria, including manufacturers’ superior design and quality.”

Why Should You Listen to J.D. Power?

The J.D. Power Residual Value Awards determines a vehicle's projected residual value following three years of ownership. First, this value helps predict future resale prices. Secondly, this heavily influences the initial purchasing decision.

And of course, this residual value also helps determine the lease cost, long-term quality, design, and desirability.

And the Winner is…

Honda has the most vehicles on the residual list of any auto manufacturer (tying with Hyundai for the top spot). The Honda Odyssey, Passport and Civic earned the J.D. Power 2022 ALG Residual Value Awards in their respective Minivan, Mid Size Utility and Compact segments. Notably, these awards prove that Honda vehicles are amongst the best built.

After all, they're also the best price on the road today. In reality, Honda always has incredible value even years after the initial purchase.

Lastly, check out Honda West’s selection of new and used Hondas. Including the award-winning Honda Civic, Passport, and Odyssey!