How Honda is Winning the War on Driving with Residual Value and Sales Momentum

Honda is not just a car company. It is a force of nature that is reshaping the automotive landscape with its relentless focus on value, quality, and innovation. Honda is not only selling more cars than ever, but also retaining more value than any other mainstream brand in the US market. This is how Honda is winning the war on driving, and why you should pay attention.

Honda Leads the Pack in Residual Value

Residual value is the amount of money a car is worth after a certain period of ownership, usually three years. It is a key indicator of how well a car holds its value over time, and how much it will cost to own and operate. Residual value is influenced by many factors, such as supply and demand, reliability, durability, fuel efficiency, safety, technology, and design.

According to ALG, an industry leader in forecasting new vehicle depreciation, Honda is projected to retain higher value after three years of ownership than any other mainstream auto brand. This is the third straight year that Honda has earned this recognition, which is based on an analysis of historical performance, industry trends, and economic factors.

Honda also has four models that won the ALG Residual Value Awards in their respective segments: the Civic, the Accord, the CR-V, and the Passport. These models lead the pack in their categories, beating competitors from Toyota, Hyundai, Subaru, and others. The Civic, the Accord, and the CR-V are among the best-selling cars in America, while the Passport is a rugged and versatile SUV that offers a top-of-class combination of off-road capability and on-road dynamics.

Honda Maintains Sales Momentum with Strong November Results

Despite the challenges posed by the global pandemic, the semiconductor shortage, and the supply chain disruptions, Honda has maintained its sales momentum with strong results in November. According to the latest report from Honda Newsroom, American Honda auto sales totaled 85,055 units, up 6.3% from the same month last year. Honda brand sales were up 7.4% to 75,812 units, while Acura brand sales were down 2.9% to 9,243 units.

Some of the highlights of the November sales report are:

  • Honda Civic sales rose 25.8% to 19,307 units, driven by strong demand for the all-new 11th-generation Civic sedan and hatchback, which offer a fun-to-drive and technologically advanced experience.
  • Honda Accord sales increased 10.6% to 16,819 units, boosted by the popularity of the 2024 Accord, which features a sleeker design, a more advanced sporty hybrid system, and a quieter cabin.
  • Honda CR-V sales grew 8.4% to 23,857 units, supported by the 6th-generation CR-V, which combines a sporty and modern interior, an adventurous and fun-to-drive performance, and a hybrid-electric option.
  • Honda Passport sales surged 40.6% to 3,057 units, reflecting the appeal of the 2024 Passport, which offers a top-of-class combination of off-road capability and nimble on-road dynamics.

Honda’s Strategy for Success

How does Honda achieve such impressive results in both residual value and sales momentum? The answer lies in Honda’s strategy, which is based on three key principles:

  • Measured approach in the release of new products, trim levels, and powertrains. Honda does not flood the market with too many models or variants but rather focuses on delivering quality and value to its customers. Honda also takes time to introduce new technologies or features, but rather tests and refines them until they are ready for the market. This ensures that Honda’s products are reliable, durable, and satisfying to own and drive.
  • Continuous improvement and innovation. Honda strives to improve and innovate its products and services. Honda listens to customer feedback and market trends and applies its engineering expertise and creativity to enhance its offerings. Honda also invests in research and development and collaborates with partners and suppliers to advance its technologies and capabilities.
  • Customer-centric and socially responsible philosophy. Honda puts its customers first and aims to deliver products and services that meet or exceed their expectations. Honda also cares about its social and environmental impact and works to reduce its carbon footprint, promote safety, and support communities. Honda’s philosophy is expressed in its slogan, “The Power of Dreams”, which reflects its passion, optimism, and aspiration to make the world a better place.

Conclusion

Honda is winning the war on driving with its outstanding performance in residual value and sales momentum. Honda’s products offer a compelling value proposition to customers, who can enjoy a high-quality, fun, and safe driving experience while saving money on ownership and operation costs. Honda’s strategy is based on a measured approach, continuous improvement, and customer-centric philosophy, which enable it to deliver industry-leading value and innovation. Honda is not just a car company. It is a force of nature that is reshaping the automotive landscape with its relentless focus on value, quality, and innovation.

Comments

Post a Comment

Popular posts from this blog

Caddy California - a completely new and amazing family van

Image
  Can freedom have dimensions? Quite if we are talking about the VW Caddy California, a completely new and completely amazing model. In a compact passenger car about 4.5 m long, a folding two-meter bed, a mini-kitchen with a stove, a set of outdoor furniture, curtains for darkening the windows fit in. A necessary and sufficient set to comfortably spend several days in nature, far from civilization. As an addition, an original tent is offered, with which it will be possible to organize an overnight stay for five people - this is exactly the amount that  Caddy California  can take away. Built on the modern MQB platform, the car will pleasantly surprise you with a variety of progressive options: from a blind spot monitoring system to a digital dashboard. And by the way: a special version for travel is also offered in the extended Maxi version. After all, there is never too much freedom! The main advantage of a camper is that with such a car you can spend the night wherever y...
Read more

XEV begins serial manufacturing of its YoYo electric car

Image
  The IAA was once the stage for major Italian brands, at whose stands fans and customers flocked to be amazed: Ferrari, Lamborghini, Maserati, Alfa Romeo, and Fiat will be absent from the IAA Mobility in 2021. But another Italian holds the position. With the Yoyo, the young company has developed an electric city vehicle that is built in China. A steel frame serves as the basic structure around which the body is then assembled with parts from the 3D printer. With a length of 2.53 meters, the two-seater XEV Yoyo picks up on the original idea of ​​the Smart, and as "half a car," is, therefore, primarily at home in narrow city traffic. The Yoyo, which weighs only 450 kilograms without batteries, is powered by a permanent magnet synchronous motor with a maximum output of 15 kW (20 hp). The continuous output is given as 7.5 kW (10 HP). That should be enough to accelerate the Yoyo up to 75 km / h. Depending on the licensing requirements, it can also be designed as a light vehicle w...
Read more

The first images with the interior of the Audi Q4 e-tron electric SUV

Image
  Audi is preparing to launch a new electric SUV: Q4 e-tron . In addition to the teaser images with the camouflaged model, Audi also publishes the first photos with the interior of the new SUV. Announced last summer, the new Audi Q4 e-tron electric SUV will officially debut soon . Until then, the German manufacturer publishes a series of images with the camouflaged model, but also the first official images with the interior of the new model. From the images with the interior we can notice that the new Q4 e-tron will adopt the Virtual Cockpit system with 10.1 inch digital screen , similar to the one used by the e-tron model, or optionally 11.6 inch. Two new functions will also appear: a virtual assistant and an optional augmented reality head-up display system. The Q4 e-tron will be officially launched next month and will join the e-tron and e-tron Sportback models in the Audi range of electric SUVs. The new Audi electric SUV uses the MEB platform of the Volkswagen group, thus...
Read more

BMW M is working on high-performance electric cars for the future

Image
  After 50 years of work, the BMW M division is getting ready to write the next chapter toward electric mobility. Not only will battery-powered engines improve, but there will also be a "revolution" in traction and drive systems control of how torque is distributed and how the chassis works. BMW M has designed and is developing hardware and software solutions for future high-performance all-electric models . These solutions will give the driver an entirely new way to drive, bringing the spirit of the letter M to the world of emission-free mobility. At our anniversary, we don't just look back, but mostly we look forward, "says Franciscus van Meel, chairman of the board of directors of BMW M. By the end of the year, our company will start making the BMW M's first high-performance car with hybrid power from a V8 M engine. "And we're looking forward to entering the LMDh category of North American IMSA endurance racing with an eight-cylinder hybrid turbochar...
Read more

Furion M1 - hybrid motorcycle - performance and fuel consumption

Image
The problem with hybrid vehicles is that two engines take up a lot of space, and because of this the French from Furion opted for a Wankel engine, which produces 125 horsepower and 105Nm of torque. Also with which they plan to put to work an electric motor capable of another 55 horsepower and 100 Nm. A simple estimate indicates a superbike power, 180 hp along with a torque of 205 Nm, which would make a KTM 1290 Super Duke R, a reference in this chapter, envious. This is because Super Duke R offers only 144 Nm. Fortunately or unfortunately, Furion is just a start-up in the crowdfunding phase - what does that sound like, and I can't help it, but it has done enough to hope for something concrete. This is also because, despite its performance, the Furion M1  hybrid motorcycle  will consume around four litres of petrol and since the M1 can be operated exclusively in electric mode, the French are talking about 480 kilometres in urban areas! Otherwise, the motorcycle is quite common,...
Read more

The new Hyundai Ioniq 5 electric SUV was launched

Image
  The Hyundai Ioniq 5 fully electric SUV has been officially launched . It will have 2 types of batteries and 2 electric motors; they can provide a range of about 480 km with a single charge. Hyundai Ioniq 5 specifications: - 58kWh / 72.6kWh battery - range up to 460 kilometres - Charging up to 350kW - 10-80% in just 18 minutes. - Power supply 3.6kW - 2 electric motors - Acceleration 0-100 km / h in 5.2 seconds - Available for sale starting with the middle of 2021 - price from 48,000 euros. The new  Hyundai Ioniq 5  is an alternative to the Volkswagen ID4 or  Skoda Enyaq iV . The new Hyundai Ioniq 5 will be able to slide front and back, offering both storage space and bottle holders and glasses. What's really cool is that it will be able to allow rear passengers to get down through the front doors. The  front seats are electrically adjustable  and can move almost vertically, while being about 30% thinner than Hyundai models, giving more space to the re...
Read more

Ford Puma STline X EcoBoost Review

Image
 Put it this way-this may be the last crossover review you must read. The Ford Puma is like a golf or 3 series station wagon. It is one of the cars that makes everyone very satisfied.   What is even more surprising is how long it took Ford, the most popular car manufacturer in the UK, to make a good crossover. How long has the Nissan Juke been around, nearly ten years? By this time, the tall hatchback had become the new, uh, hatchback. But Ford has had a great time and has had some tragically failed attempts to catch up.   Ford produces very good cars. Not waste time. Carnival, Fox, SMax, even Mondeo; may not be exciting, but they are hard to choose.   On the other hand, Ford has an impressive cross-border track record. EcoSport is so bad, Edge is so bad that Ford gave it up (this must be one of the only cases where an SUV was pulled off the shelf in these 4x4 obsessions), and only Kuga has shown any talent, but he's just about to do so. Be replaced b...
Read more

2021 Audi Q4 e-tron fully electric SUV

Image
 Striking lines, smooth surfaces, and eye-catching quattro blisters – with its Q4 e-tron , Audi is taking the next step in the evolution of its electric models’ design language. The compact SUV brings the lines that the Audi Q4 concept demo car introduced at the beginning of 2019 to a production model. This is the responsibility of Audi’s toolmaking team, which translates the designers’ ideas into production and their emotionality into sheet metal with the utmost precision. Precision down to a thousandth of a millimeter when designing and building the tools, in fact – which is why toolmaking plays such a crucial role in Audi’s high standards of quality. Whether viewed from the front, side, or rear, the Q4 e-tron captivates onlookers from every angle thanks to its expressive SUV design . The side panel of the coupe derivative, which brings the lines of the July 2020 demo car into a production model, is a prime example of just how complex the vehicle is to manufacture. Major challeng...
Read more

The new BMW 3.0 CSL coupe, sport, and lightweight car

Image
  The new BMW 3.0 CSL blends distinctive styling with a two-seat performance.  It brings up the 1970s concept of using racetrack technology for road driving enjoyment. The BMW 3.0 CSL sports car was designed to combine BMW M GmbH's racing experience with a vibrant ambiance . Dynamic outward beauty, a classic sportscar cockpit, innovative lightweight construction, a straight six-cylinder engine, a manual transmission, and rear-wheel drive are all BMW M hallmarks. They complement each other with the newest technologies to produce the brand's ultimate sign of intrigue for high performance. A trip in a BMW 3.0 CSL is a unique high-performance experience and an emotional meeting with the world's most powerful car.   The  BMW 3.0 CSL sports car  is limited . The anniversary model will be sold in 50 sequentially numbered pieces. The BMW 3.0 CSL is a rare model that will be in the collections of ardent BMW M aficionados. Vehicle manufacturing will take three months. Eac...
Read more

Panorica: From the latest hybrid hatchbacks to zero-emission supercars @sbnation

Image
  Eco-Driven Excellence at Panorica  - Panorica is where elegance meets ecology. Our focus is on vehicles that don’t just look good but do good, too. We feature the intersection of style and sustainability, highlighting cars that make a statement without leaving a carbon footprint. Panorica: Your Electric Avenue  - Welcome to your personal Electric Avenue, where Panorica lines the streets with the latest and greatest in EVs. Whether you’re a seasoned EV driver or new to the world of electric mobility, we’re here to guide you every step of the way. Panorica: Electrify Your Automotive IQ  - Elevate your automotive intelligence with Panorica. We delve deep into the mechanics and marvels of electric vehicles, offering insights that will spark your curiosity and expand your understanding of this rapidly evolving sector. The Sustainable Speedster’s Haven: Panorica  - At Panorica, speed and sustainability are not mutually exclusive. We celebrate the thrill of high-spee...
Read more