Car resale values ââis one of those topics that almost everyone has an anecdotal opinion on – my (insert X brand) retains its value better than yours (insert Y brand) – but it’s also something that can be difficult to back up unless you’ve done some serious research. Fortunately, the folks at JD Power are willing to dwell on this research to give us the rest of the hard data.
The ALG 2022 residual value price are in it, and, according to an announcement by JD Power on Thursday, when it comes to resale values, you still can’t beat a Japanese car – especially if that car is a Honda or a Lexus, which won the overall standings. the best mass market residuals and the best premium, respectively.
None of the winners should come as a surprise, but one still wonders how JD Power performed. The winning manufacturer is chosen on the basis of the results of a comparison of 284 models according to criteria of used vehicles, brand image and product competitiveness. A manufacturer must also offer models in at least four market segments to be considered.
âAccurate forecasting of residual values ââin the automotive industry is a key factor in valuing an estimated $ 225 billion rental vehicle portfolio in the United States,â said Eric Lyman, vice president of ALG. âThe top-ranked makes and models of vehicles demonstrate that they perform well in all criteria of the awards program, including superior manufacturer design and quality. “
Other brands with top rated models include Hyundai, which along with Honda had three top rated models. Brands like Audi, Kia, Land Rover, Mercedes-Benz, Subaru, and Toyota each had two top-rated models.
So the moral of the story is, if you buy or lease a car and want something that will hold more of its value, buy a Honda or a Lexus.
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