bobdobbs
10-03-2003, 05:32 AM
Gotta love this (if you bought your Honda):
http://autoweek.com/cat_content.mv?port_code=autoweek&cat_code=carnews&loc_code=index&content_code=05876395
Here's a snippet:
"By contrast, a 3-year-old Honda Accord is worth 50 percent of its original sticker. In fact, Honda could be considered the gold standard of the mass-market brands. On average, 2001-model Hondas and Acuras carry residual values of 52.2 percent.
American Honda Motor Co. Inc. keeps residual values high by selling very few vehicles to rent-a-car companies. The company also is fairly stingy with factory rebates. Currently, American Honda is offering low-interest loans to clear out some 2002 and 2003 models, but it has avoided big incentives on its 2004 models.
In place of big rebates, American Honda prefers to offer value packages or special-edition vehicles, says Dan Bonawitz, vice president of corporate planning and logistics. For instance, after the CR-V had been on the market for several years, Honda freshened it with a leather interior.
American Honda's policies keep residual values high. And that, in turn, has allowed it to increase its lease rate this year in contrast to GM, Ford, the Chrysler group, Toyota Motor Sales U.S.A. Inc. and Nissan North America Inc."
http://autoweek.com/cat_content.mv?port_code=autoweek&cat_code=carnews&loc_code=index&content_code=05876395
Here's a snippet:
"By contrast, a 3-year-old Honda Accord is worth 50 percent of its original sticker. In fact, Honda could be considered the gold standard of the mass-market brands. On average, 2001-model Hondas and Acuras carry residual values of 52.2 percent.
American Honda Motor Co. Inc. keeps residual values high by selling very few vehicles to rent-a-car companies. The company also is fairly stingy with factory rebates. Currently, American Honda is offering low-interest loans to clear out some 2002 and 2003 models, but it has avoided big incentives on its 2004 models.
In place of big rebates, American Honda prefers to offer value packages or special-edition vehicles, says Dan Bonawitz, vice president of corporate planning and logistics. For instance, after the CR-V had been on the market for several years, Honda freshened it with a leather interior.
American Honda's policies keep residual values high. And that, in turn, has allowed it to increase its lease rate this year in contrast to GM, Ford, the Chrysler group, Toyota Motor Sales U.S.A. Inc. and Nissan North America Inc."