Honda Passport Secures Top Spot in Residual Value for Mid-Size 2-Row SUVs

The Honda Passport has once again been recognized for its exceptional residual value, receiving the J.D. Power Canada ALG Residual Value Award for the fourth time in the last five years. This award highlights the Passport as the best in its class among mid-size SUVs with 2-row seating for retaining its value over time.

J.D. Power's findings reveal that the Honda Passport stands at the forefront of its category for residual value. This distinction indicates that the Passport is predicted to maintain the highest portion of its value among mid-size 2-row SUVs, a key factor for buyers looking to maximize their vehicle's worth in the long term.

Steve Hui, Assistant Vice President at Honda Canada, shared his enthusiasm for the Passport's accolade, emphasizing the importance of the J.D. Power 2024 Canada ALG Residual Value Awards. These awards are recognized for identifying vehicles that demonstrate significant value retention through superior engineering, quality, reliability, and safety—a commitment that Honda applies to all its models.

The significance of the J.D. Power Canada ALG Residual Value Awards cannot be understated. They serve as a reliable indicator for consumers, showcasing vehicles that are expected to hold the highest percentage of their MSRP after a three-year period. This is a crucial aspect for individuals considering the total ownership cost and potential resale value, whether they opt to finance, lease, or buy outright.

In wrapping up, the Honda Passport's latest recognition by J.D. Power as the leader in residual value among mid-size 2-row SUVs solidifies its status as a smart choice for buyers. This distinction not only affirms the Passport's enduring quality and appeal but also assures prospective owners of its lasting value. As consumers weigh their options, the Honda Passport stands out as a dependable, value-preserving vehicle, reinforcing Honda's legacy of delivering excellence and reliability in the automotive market.