Honda Passport Leads in Residual Value Among Mid-Size SUVs

The Honda Passport has been honored with the J.D. Power Canada ALG Residual Value Award for the fourth occasion in the past five years, confirming its leadership in residual value within the mid-size SUV segment with 2-row seating. This recognition underscores the model's exceptional ability to retain its value, a key consideration for vehicle purchasers.

J.D. Power's evaluation deems the Honda Passport as the top performer in its category for residual value, indicating it is anticipated to conserve the most value over its competitors. This award is of paramount importance for individuals who prioritize the depreciation aspect when selecting a vehicle, showcasing the Passport as a superior choice within its class.

Steve Hui, Assistant Vice President at Honda Canada, voiced his satisfaction with the Passport's accolade from J.D. Power, pointing out the significance of the 2024 Canada ALG Residual Value Awards. These awards serve as a marker of a vehicle's sustained quality, reliability, and safety, mirroring Honda's commitment to these attributes across its entire lineup.

The J.D. Power Canada ALG Residual Value Awards are esteemed for their objective assessment, distinguishing vehicles forecasted to retain the largest fraction of their MSRP after a span of three years. Such recognition is critical for consumers evaluating the comprehensive cost of vehicle ownership, including financing, leasing, or outright purchase considerations.

To conclude, the Honda Passport's ongoing acknowledgment for its residual value is a testament to its appeal as a financially savvy option for those in the market for a mid-size SUV. This award not only affirms Honda's engineering and design excellence but also offers prospective buyers assurance in their vehicle choice, knowing the Passport is designed to maintain its value effectively over time.