New Cars That Hold Their Value

© American Honda Motors
© American Honda MotorsALG Residual Value Winners

Most people have heard the saying that a new car loses value the moment the owner drives it off a dealer’s lot. Although that is essentially true, some models hold their value over time better than others. To that end, ALG (formerly Automotive Lease Guide), a division of research firm J.D. Power, is the industry benchmark for determining automotive residual values — or what percentage of value a vehicle will retain over time. After calculating factors for 2023 model-year vehicles, the company recently announced the J.D. Power 2023 U.S. ALG Residual Value winners. Winners were chosen after evaluating 291 models for used vehicle performance, brand outlook and product competitiveness. Eligibility for a brand-level award requires a manufacturer to offer vehicles in at least four segments.

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