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Honda Motor Company Leads the Industry with 3 Residual Value Awards

19 July 1999

Honda Motor Company Leads the Industry with 3 Residual Value Awards

            Automotive Lease Guide (ALG) Announces Model Year 1999
                         Residual Value Award Winners

    SANTA BARBARA, Calif., July 19 -- Automotive Lease Guide, the
automotive industry's benchmark for residual value forecasting, today
announced the inaugural Residual Value Awards.  The award honors automobiles
that are predicted to retain the highest percentage of their original price.
    Heading the list is Honda Motor Company (Accord, Odyssey, and TL), with
three winners, followed by Toyota Motor Company (Tacoma, RX 300) and General
Motors (K1500 Silverado, Suburban) with two award winners each.  Other award
winners include Volkswagen's New Beetle, Porsche's Boxster, and
DaimlerChrysler's CLK.
    Based in Santa Barbara, California, Automotive Lease Guide (http://www.alg.com)
is a privately held company that has been forecasting automotive residual
values for the 35 years in the US and Canada.
    "We are very excited to announce this year's award winners," said ALG's
president, John Blair.  "ALG has a proven track record of accurately
forecasting residual values.  By bringing our research into the public eye, we
hope to focus attention on the industry's best performing models."
    Automotive Lease Guide(R) Residual Value Awards are given on an annual
basis.  Vehicles that make the list are featured on ALG.com, Lease Source.Com,
Cars.com and other high-traffic automotive sites.

    The 1999 Model Year Award Winners by segment are:

    Residual Value Award :  1999 Model Year
    "Highest Predicted Retention of MSRP"

    Segment                                        Make              Model
    Compact Car                              VOLKSWAGEN         NEW BEETLE
    Midsize Car                                   HONDA             ACCORD
    Near Luxury Car                               ACURA                 TL
    Luxury Car                                 MERCEDES          CLK CLASS
    Sports Car                                  PORSCHE            BOXSTER
    Mini Van                                      HONDA            ODYSSEY
    Compact SUV                                   LEXUS              RX300
    Full-size SUV                         CHEVROLET/GMC           SUBURBAN
    Full-size Truck                       CHEVROLET/GMC   SILVERADO/SIERRA
    Compact Truck                                TOYOTA             TACOMA

    Residual Value Awards are chosen from over 1100 vehicles and are based
upon Automotive Lease Guide's 36 month residual projections over the past
calendar year.  Vehicles are comparably equipped within their segment and
compared on an individual trim level basis.