{"id":28354,"date":"2021-11-29T11:47:01","date_gmt":"2021-11-29T15:47:01","guid":{"rendered":"https:\/\/henrypayne.com\/?p=28354"},"modified":"2021-11-29T11:47:01","modified_gmt":"2021-11-29T15:47:01","slug":"whats-your-car-worth-honda-lexus-take-home-jd-power-residual-value-award-again","status":"publish","type":"post","link":"https:\/\/henrypayne.com\/index.php\/2021\/11\/whats-your-car-worth-honda-lexus-take-home-jd-power-residual-value-award-again","title":{"rendered":"What&#8217;s your car worth? Honda, Lexus take home JD Power Residual Value Award, again"},"content":{"rendered":"<p class=\"gnt_ar_b_p\">Buy a new home and you can track its value on Zillow or Redfin. Buy a new car and JD Power is at your service tracking residual value.<\/p>\n<p class=\"gnt_ar_b_p\">If you own a Honda or Lexus, then your asset is looking pretty good.<\/p>\n<p class=\"gnt_ar_b_p\">That\u2019s the conclusion of ALG, a division of JD Power, and its 2022 Residual Value Awards which honor the Japanese companies as the top brands in the mass market and premium segments. In addition to the coveted brand awards, ALG handed out trophies to models in 29 segments this month, including the GMC Sierra HD as winner of ALG\u2019s first award for fullsize heavy duty pickup.<\/p>\n<figure class=\"gnt_em gnt_em_img\"><img decoding=\"async\" class=\"gnt_em_img_i\" src=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/09a331ea-f512-41aa-a2af-00ab1cac5419-passport_fr-close.jpg?width=660&amp;height=372&amp;fit=crop&amp;format=pjpg&amp;auto=webp\" srcset=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/09a331ea-f512-41aa-a2af-00ab1cac5419-passport_fr-close.jpg?width=1320&amp;height=744&amp;fit=crop&amp;format=pjpg&amp;auto=webp 2x\" alt=\"The Honda Passport, best two-row SUV, helped Honda win best brand for ALG residual value for the 10th year.\" data-g-r=\"lazy\" \/><\/p>\n<div class=\"gnt_em_img_ccw gnt_em_img_ccw__cap gnt_em_img_ccw__crd\" data-c-caption=\"The Honda Passport, best two-row SUV, helped Honda win best brand for ALG residual value for the 10th year.\" data-c-credit=\"Henry Payne, The Detroit News\"><\/div>\n<\/figure>\n<p class=\"gnt_ar_b_p\">Other notable Detroit winners were the Dodge Charger for fullsize car and the Ford Bronco as off-road utility.<\/p>\n<p class=\"gnt_ar_b_p\">\u201cIt\u2019s Honda\u2019s tenth time winning the brand award. Toyota has only won once. There is only one other brand that\u2019s won our award and that\u2019s Subaru and they have won eight times,\u201d said ALG Vice President Eric Lyman in an interview.<\/p>\n<p class=\"gnt_ar_b_p\">ALG\u2019s awards recognize vehicles projected to hold the highest percentage of their manufacturer\u2019s suggested retail price after three-years of ownership. The value is a key factor in which models buyers shop for \u2014\u00a0as well a key variable in valuing the estimated $225 billion lease portfolio of vehicles in the United States.<\/p>\n<p class=\"gnt_ar_b_p\">The residual awards judge vehicles on long-term quality and design, as well as the overall brand desirability.<\/p>\n<p class=\"gnt_ar_b_p\">\u201cWe have these three Japanese brands (Honda, Subaru, and Toyota) well known for their long term durability, quality and resale value winning the award year after year,\u201d said Lyman. \u201cBut we\u2019ve seen the domestic brands and Korean brands close the gap. We\u2019ve got representation from the Detroit Three auto makers with Ford Bronco winning for (their) first year in market. Dodge Charger is the perennial winner in the full-size segment, and Chevy Tahoe winning in full-size utility.\u201d<\/p>\n<figure class=\"gnt_em gnt_em_img\"><img decoding=\"async\" class=\"gnt_em_img_i\" src=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/1d84f021-2d26-454d-8f86-233704a37e30-FordBronco_blue-rock-scale.jpg?width=660&amp;height=372&amp;fit=crop&amp;format=pjpg&amp;auto=webp\" srcset=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/1d84f021-2d26-454d-8f86-233704a37e30-FordBronco_blue-rock-scale.jpg?width=1320&amp;height=744&amp;fit=crop&amp;format=pjpg&amp;auto=webp 2x\" alt=\"In its first year, the 2021 Ford Bronco beat out the Jeep Wrangler for best All-Road Utility residual value.\" data-g-r=\"lazy\" \/><\/p>\n<div class=\"gnt_em_img_ccw gnt_em_img_ccw__cap gnt_em_img_ccw__crd\" data-c-caption=\"In its first year, the 2021 Ford Bronco beat out the Jeep Wrangler for best All-Road Utility residual value.\" data-c-credit=\"Henry Payne, The Detroit News\"><\/div>\n<\/figure>\n<p class=\"gnt_ar_b_p\">For model-year 2022, 284 vehicles were assessed in 29 segments. Eligibility for the brand award requires a manufacturer to have model entries in at least four different segments.<\/p>\n<p class=\"gnt_ar_b_p\">In taking home the mass market brand bauble, Honda also won three model segments. By contrast Lexus won best premium brand even as none of its models won a segment outright.<\/p>\n<p class=\"gnt_ar_b_p\">\u201cThe achievement of Lexus speaks to an impressive, industry-leading continuity of residual value across its entire lineup,\u201d Lyman said. \u201cIt\u2019s like a decathlete who doesn\u2019t have to win any of the individual 10 events but scores enough points in each of them to stand atop the podium.\u201d<\/p>\n<p class=\"gnt_ar_b_p\">Honda and Hyundai share the most model-level awards, with three each. Audi, Kia, Land Rover, Mercedes-Benz, Subaru and Toyota had winners in two categories.<\/p>\n<figure class=\"gnt_em gnt_em_img\"><img decoding=\"async\" class=\"gnt_em_img_i\" src=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/a103895d-254e-4d76-a741-71fe81ef1fa4-konaEV_fr3-4.jpg?width=660&amp;height=372&amp;fit=crop&amp;format=pjpg&amp;auto=webp\" srcset=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/11\/24\/PDTN\/a103895d-254e-4d76-a741-71fe81ef1fa4-konaEV_fr3-4.jpg?width=1320&amp;height=744&amp;fit=crop&amp;format=pjpg&amp;auto=webp 2x\" alt=\"The Hyundai Kona EV took home the residual value prize for best Mass Market Electric.\" data-g-r=\"lazy\" \/><\/p>\n<div class=\"gnt_em_img_ccw gnt_em_img_ccw__cap gnt_em_img_ccw__crd\" data-c-caption=\"The Hyundai Kona EV took home the residual value prize for best Mass Market Electric.\" data-c-credit=\"Henry Payne, The Detroit News\"><\/div>\n<\/figure>\n<p class=\"gnt_ar_b_p\">In addition to Bronco and Sierra first, notable winners were the Mercedes-Benz AMG GT sedan topping long-time Premium Executive segment champ Lexus LS. In the emerging electric vehicle market, the Kona EV won for best mass market EV while the Tesla Model Y won the premium EV segment.<\/p>\n<p class=\"gnt_ar_b_p\"><strong>Full list of model winners:<\/strong><\/p>\n<p class=\"gnt_ar_b_p\">Compact Utility: Subaru Forester<\/p>\n<p class=\"gnt_ar_b_p\">Full-size Utility: Chevy Tahoe<\/p>\n<p class=\"gnt_ar_b_p\">Micro Utility: Hyundai Kona<\/p>\n<p class=\"gnt_ar_b_p\">Midsize 2-Row: Honda Passport<\/p>\n<p class=\"gnt_ar_b_p\">Midsize 3-Row: Kia Telluride<\/p>\n<p class=\"gnt_ar_b_p\">Off-Road Utility: Ford Bronco<\/p>\n<p class=\"gnt_ar_b_p\">Premium Full-size Utility: Jeep Grand Wagoneer<\/p>\n<p class=\"gnt_ar_b_p\">Premium Midsize 2-Row: Range Rover Velar<\/p>\n<p class=\"gnt_ar_b_p\">Premium Midsize 3-Row: Land Rover Discovery<\/p>\n<p class=\"gnt_ar_b_p\">Premium Subcompact Utility: Audi Q3<\/p>\n<p class=\"gnt_ar_b_p\">Subcompact Utility: Mazda CX-30<\/p>\n<p class=\"gnt_ar_b_p\">Mass Market Electric: Hyundai Kona EV<\/p>\n<p class=\"gnt_ar_b_p\">Premium Electric: Tesla Model Y<\/p>\n<p class=\"gnt_ar_b_p\">Fullsize HD Pickup: GMC Sierra HD<\/p>\n<p class=\"gnt_ar_b_p\">Fullsize Pickup: Toyota Tundra<\/p>\n<p class=\"gnt_ar_b_p\">Midsize Pickup: Toyota Tacoma<\/p>\n<p class=\"gnt_ar_b_p\">Commercial Van: Mercedes Metris<\/p>\n<p class=\"gnt_ar_b_p\">Minivan: Honda Odyssey<\/p>\n<p class=\"gnt_ar_b_p\">Compact Car: Honda Civic<\/p>\n<p class=\"gnt_ar_b_p\">Fullsize: Dodge Charger<\/p>\n<p class=\"gnt_ar_b_p\">Midsize: Kia K5<\/p>\n<p class=\"gnt_ar_b_p\">Premium Compact: BMW 2-series<\/p>\n<p class=\"gnt_ar_b_p\">Premium Executive: Mercedes-AMG GT 4-door<\/p>\n<p class=\"gnt_ar_b_p\">Premium Fullsize: Audi Allroad<\/p>\n<p class=\"gnt_ar_b_p\">Premium Midsize: Genesis G70<\/p>\n<p class=\"gnt_ar_b_p\">Premium Sportscar: Porsche 911<\/p>\n<p class=\"gnt_ar_b_p\">Sportscar: Subaru WRX<\/p>\n<p class=\"gnt_ar_b_p\">Subcompact: Hyundai Accent<\/p>\n<p class=\"gnt_ar_b_p\"><em>Henry Payne is auto critic for The Detroit News. Find him at hpayne@detroitnews.com or Twitter @HenryEPayne.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buy a new home and you can track its value on Zillow or Redfin. Buy a new car and JD Power is at your service tracking residual value. If you own a Honda or Lexus, then your asset is looking pretty good. That\u2019s the conclusion of ALG, a division of JD Power, and its 2022 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/28354"}],"collection":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/comments?post=28354"}],"version-history":[{"count":1,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/28354\/revisions"}],"predecessor-version":[{"id":28355,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/28354\/revisions\/28355"}],"wp:attachment":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/media?parent=28354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/categories?post=28354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/tags?post=28354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}