Tuesday, November 27, 2012

Honda Wins ALG's 2013 Residual Value Award for Best Mainstream Brand Topping All Other Competitors in Long Term Value

2013_odyssey_001_touring

American Honda Motor Co., Inc. received multiple 2013 Residual Value Awards from ALG, including the top honor of Best Mainstream Brand. Additionally, the 2013 Honda Accord, Honda Odyssey and Honda Fit each received individual Residual Value Awards as the highest ranked vehicles in their respective segments. As the leading provider of residual value information to the automotive industry, ALG's annual Residual Value Awards honor the vehicles in each industry segment that ALG predicts will retain the highest percentage of their original price after a three-year period.

"Long-term value and reliability are both hallmarks of the Honda brand and we are honored to be recognized by ALG as the industry leader in these key qualities," said Michael Accavitti, vice president of national marketing operations at American Honda. "The Honda engineering philosophy not only delivers immediate value to our customers but will pay off in the long run as well."

The Honda brand was named the Best Mainstream Brand for 2013, which recognizes the entire Honda lineup for exceptional vehicle quality, strong brand desirability, and long-term reliability. The all-new 2013 Accord ranked the highest in the ultra competitive Midsize Car category. The Honda Odyssey prevailed in the Best Minivan (MPV) category, retaining the top spot for the second consecutive year. The Honda Fit received a Residual Value Award for the fifth consecutive year in the Sub-Compact Car category. Since 2000, the Honda brand has earned 28 model awards and seven overall brand awards from ALG.

"The Honda brand is a constant in ALG's Residual Value Award history, "said Larry Dominique, President of ALG. "With its smart, value-focused financial strategy, excellent perceived quality, and the all-new Accord, Honda has proven that it provides a compelling, high residual value package for consumers."

ALG determines the award winners through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, as well as pricing strategies are among the key factors that affect ALG's residual value forecasts.

Courtesy of Honda Media Newsroom

Monday, November 26, 2012

Good afternoon, everyone! Just checking in with another Monday Maintenance Tip for you all! Today's tip: Spark Plugs Do Need Changing

Old_and_new_spark_plugs_2

Normal 0 false false false EN-US X-NONE X-NONE

The advent of electronic ignition and on-board computers has eliminated the need for regular tune-ups, but you still need to change your spark plugs. Many manufacturers recommend changing plugs every 30,000 or 40,000 miles (48,000 or 64,000 km) to ensure good fuel mileage and engine performance. Some new cars come with long-life plugs (sometimes called double platinum plugs) that can last for 100,000 miles (160,000 km). If your car isn’t so equipped, make the switch after 30,000 miles. The extra cost is only a few dollars per spark plug. While you’re at it, change your spark plug wires as well. Their typical life is 50,000 miles (80,000 km). Deteriorated wires can cause those high-tech new spark plugs to foul.