The News Wheel
No Comments

Honda Accord and Odyssey Earn 2019 Edmunds Best Retained Value Awards

Decrease Font Size Increase Font Size Text Size Print This Page
2019 Honda Accord
Photo: Honda

The 2019 Honda Accord and 2019 Honda Odyssey have topped the midsize car and minivan categories, respectively, in Edmunds’ 2019 Retained Value Awards. This is the second time in a row the Accord has been featured, and the seventh time the Odyssey has taken top honors in the eight years the awards have been running.

The awards attempt to identify the vehicles that will boast the highest projected resale value after five years of ownership, one of the most important vehicle characteristics for customers seeking to sell down the line and offset the large investment involved in buying a new car.

“Buying a car is exciting, but with the price of a new car averaging more than $36,000, it’s more important than ever to understand the true value of a vehicle beyond just the sticker price and monthly payments,” wrote the editors at Edmunds.

Related: 2019 Honda Odyssey overview

The Accord and Odyssey are both frequently ranked as among the best overall vehicles in their respective segments, which could in part explain why they also perform well in projected depreciation studies. Most customers know that Honda has a strong reputation for reliability, which is one of the biggest factors that influence used car sales.

“With a well-deserved reputation for making high quality, reliable vehicles, Honda is a mainstay on the Edmunds Best Retained Value list year-after-year,” said Richard Arca, associate director for pricing at Edmunds. “We continue to see car buyers pay a premium for Honda vehicles because they are good bets to hold their value over the course of ownership.”

Related: 2019 Honda Accord overview

News Source: Edmunds