Honda Passport Named #1 in Residual Value for Mid-Size SUVs by J.D. Power
Honda Passport Named #1 in Residual Value for Mid-Size SUVs by J.D. Power
Posted on March 14, 2024
For car buyers considering a new vehicle purchase, various factors come into play when making a final decision. One such important factor is the car's residual value. This worth is the vehicle's estimated value after a certain amount of time has passed. A car that has a high residual value keeps more of its original price over time compared to a car with a lower residual value.Â
It's really important to think about because a high residual value shows that a car is valuable, reliable, and built to last. Hence, the announcement that the Honda Passport has been named #1 in Residual Value for Mid-Size SUVs by J.D. Power for the fourth time in five years is significant and warrants examination.
According to the J.D. Power Canada ALG Residual Value Awards, the Passport stands out as the top choice for midsize SUVs with 2-row seating when it comes to holding onto its value. J.D. Power believes it will outperform all others in its class in maintaining its value.Â
This award speaks volumes about Honda's exceptional engineering skills, showcasing its focus on quality, reliability, and safety across every model year. It's a prestigious accolade within the car industry because the residual value of a car greatly affects how much it costs to own and its value when it's time to sell.
Top Features
The Passport boasts incredible features that deliver excellent worth to car buyers looking for quality, durability, and reliability. The Passport's reliability is proven with this latest award from J.D. Power. The SUV has a spacious and inviting cabin, and its cargo space is also plentiful, with an enhanced center stack and an infotainment system with Apple CarPlay and Android Auto. The cabin has some latest technology, including passive entry, push-button start, tri-zone automatic climate control, heated front and rear seats, and a heated steering wheel.
Moreover, Honda has prioritized safety by designing an advanced Honda Sensing Suite, which includes collision mitigation braking, road departure mitigation, adaptive cruise control, and lane departure warning, among other features. Additional safety features include an audible blind spot warning and rear cross-traffic sensors, which help you stay safe while driving. Furthermore, the Passport features all-wheel drive, ensuring excellent grip on any terrain.
How the Passport Compares
Honda Passport is included in the mid-sized SUV class, a competitive market with other big brands producing exceptional models with exceptional features. However, as announced by J.D. Power, the Passport's residual value is a significant endorsement of the SUV's value, reliability, and durability.
According to J.D. Power's Canada ALG Residual Value Awards, the Honda Passport won the mid-size SUV with the 2-row seating category, demonstrating the SUV's reliability, durability, and value over time. To put things in perspective, the Subaru Outback won the mid-size SUV with 2-row seating award for the 2023 model year award, but the Passport won four times in the past five years. On the other hand, the Nissan Murano was named the best mid-size SUV by Kelley Blue Book in 2021. However, the Honda Passport still had a higher residual value over the specified period.
Reserve Yours Today
The Passport has proven itself in various categories, including a spacious and inviting interior, excellent cargo space, innovative technology, advanced safety features, and an impressive all-wheel drive system. The Passport is also a top contender in a highly competitive mid-sized SUV category, beating out many of its competitors in the residual value category. If you plan to purchase a mid-size SUV, the Honda Passport should be at the top of your list. Head to Maple Honda in Vaughan today and reserve yours to experience the Passport's superior value, reliability, and durability.