The partnership leverages the wide and deep scalability of the two automotive giants so they can target new EV models to large vehicle segments, including compact crossover utility vehicles.
The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,393 in November.
The awards measure the cost-of-ownership of a vehicle using eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
The Ram 3500 earned the best resale value award for the heavy-duty pickup segment. The Ram 3500 was also the overall winner for best resale value in 2018.
New vehicle sales are expected to reach 1.36 million units in November, a 1% drop from the year before, and an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
Honda has released a newly redesigned certified pre-owned (CPO) vehicle website meant to provide an easier and more focused experience for its CPO segment, which has grown by 6.8% this year, according to a company statement.
The industry is expected to sell 1.13 million new vehicles in January, a 3% decline over the same time last year, and a 33% decline from the month before, according to Kelley Blue Book, resulting in a seasonally adjusted annual rate (SAAR) of 17.4 million.
Today, the NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and new Volvo XC90.
Consumer Reports ranks three Toyota models in its list of best used vehicles. The publication ranked vehicles based on road test performance, reliability, safety credentials, and price range.
The third annual Vincentric Best Certified Pre-Owned Value in America awards were announced, with Audi, Ford, Honda, and GMC honored with awards recognizing their superior CPO in key vehicle categories.
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