2011 Hyundai Sonata GLS: Still No Honda When It Comes To Resale Value
April 07, 2011
Today Edmunds announced the winners of its 2011 Best Retained Value Awards. These awards recognize the brands and models that have the highest projected residual value after five years, expressed as a percentage of their True Market Value (TMV).
As you'd probably expect, Honda was all over this like spandex on a Tour de France cyclist. The manufacturer is the big winner for non-luxury makes, with an average projected retained value of 50.4 percent. Our awards are based on the average five-year retained value of the carmaker's 2011 models that hit the market prior to the end of 2010.
The cars with the best projected resale value in the "Sedan Under $20,000" segment are the Honda Civic, the Mazda 3 and the Honda Fit, while the top picks in the "Sedan Under $30,000" are the Honda Accord, the Toyota Camry and the Subaru Impreza. Hyundai models like the Sonata may be winning praise from journalists and consumers but the manufacturer still isn't setting the world on fire when it comes to resale value -- not yet, anyway.
In the minivan segment, the Honda Odyssey takes the top prize, with the Sienna earning an honorable mention.
Interestingly, our data team also points out that certain options can have a positive impact on resale value. Amenities such as a power sunroof, leather seats, and DVD entertainment systems can improve long-term value; safety features, however, typically have no impact.
Is projected resale value a deciding factor for you in new-car purchases?
Warren Clarke, Automotive Content Editor