In the competitive world of midsize SUVs, the Honda Passport has consistently proven its excellence, clinching the J.D. Power Canada ALG Residual Value Award. This prestigious award is not just a feather in Honda's cap but a testament to the enduring value and quality of the Passport, particularly in the midsize SUV category with 2-row seating.

What Makes the Honda Passport Stand Out?

J.D. Power, a name synonymous with quality and reliability in the automotive industry, has recognized the Honda Passport as having the highest residual value among mid-size SUVs with 2-row seating. This implies that the Passport is expected to retain the most value in its class over time. But what does this mean for consumers?

Steve Hui, Assistant Vice President at Honda Canada, expresses pride in this achievement, noting that the J.D. Power 2024 Canada ALG Residual Value Awards are a benchmark for vehicles that maintain their value due to superior engineering, encompassing quality, reliability, and safety. These are qualities that Honda commits to across all its models and each model year.

Why Residual Value Matters

The J.D. Power Canada ALG Residual Value Awards hold significant weight in the automotive industry. They set the standard in recognizing vehicles that are projected to retain the highest percentage of the manufacturer's suggested retail price (MSRP) after three years.

For car buyers, this is a crucial factor. When considering the total cost of ownership, the residual or resale value of a vehicle plays a pivotal role, regardless of whether the vehicle is financed, leased, or purchased outright. A car that holds its value well over time can result in a more favourable financial outcome when it's time to sell or trade it in.

The Passport's Winning Streak

The Honda Passport's repeated success in winning this award underscores its standing as a reliable and worthwhile investment for car buyers. It's not just about the immediate satisfaction of driving a quality vehicle off the lot; it's about the long-term benefits of owning a car that maintains its worth over time.

This award also speaks volumes about Honda's commitment to excellence. By continuously delivering vehicles that lead their segments in residual value, Honda reinforces its reputation as a brand that prioritizes customer satisfaction and value for money.

Conclusion

In a market where consumers are increasingly discerning about long-term value, the Honda Passport's recognition by J.D. Power Canada ALG is significant. It's a signal to potential buyers that the Passport is more than just a comfortable, stylish, and capable SUV; it's a smart financial choice for those looking to get the most out of their vehicle investment.

Whether you're a current Honda owner or in the market for a new vehicle, the Passport's accolade is worth considering as you make your next automotive decision.