|
Open Today! Sales: 8:30am-7pm

Get Directions

4625 Singing Hills Blvd, Sioux City, IA, 51106

Do Hondas Have Good Resale Value?

  • Honda Resale Value - Vern Eide Honda Sioux City Slider

Fuel efficiency, strong safety ratings, and classic styling are just a few of the reasons why people buy Honda vehicles, but many car shoppers may not realize that Honda also has great resale value. After the first five years of ownership, a new vehicle typically retains about 35 percent of its original manufacturer’s suggested retail price (MSRP). Meanwhile, Honda consistently holds over 50 percent of its value over the same period of time, making its vehicles a great investment. Although price plays a major role in the decision-making process, it’s important to consider other factors like resale value and cost of ownership when buying a new vehicle. Join the staff at Vern Eide Honda Sioux City as we take a look at the SUVs and cars that have been recognized for their outstanding value this season.

Honda Awarded Yet Again for Resale Value

Over the years, Honda vehicles have received a steady stream of recognition from automotive authorities when it comes to resale value and the 2022 model year was more of the same. While the automaker earned awards from both Kelley Blue Book and ALG (a division of J.D. Power), it was the auto experts at CarEdge.com that acknowledged the Honda brand for its great resale value at three years, five years, and seven years—ranking them 5th, 4th, and 3rd respectively, in the aforementioned time periods.

Honda Resale Value Kelley Blue Book Logo

Best Resale Value: Honda SUVs

Honda SUV models are perennial award winners for many reasons, but for the 2022 model year, a tip of the hat goes to the Honda Passport for its resale value.

2022 Honda Passport Value

Congratulations to the 2022 Honda Passport, as it was awarded the 2022 U.S. ALG Residual Value Award in the midsize utility 2-row seating category. Not only that, but U.S. News & World Report also named the 2022 Passport the Best 2-Row SUV for Families thanks to its passenger volume, a generous amount of cargo area, and superior safety ratings.

 

See Passport Inventory

Best Resale Value: Honda Cars

Bragging rights were reserved for the Honda Accord and Honda Civic this year when the 2022 Kelley Blue Book Best Resale Value Awards were announced. Both the midsize Accord and compact Civic received some well-deserved recognition in their respective segments for long-term value.

Honda Resale Value - 2022 Accord Jellybean

2022 Honda Accord Value

Resale value wasn’t the only thing Kelley Blue Book noticed about the 2022 Honda Accord this season. The sedan also earned a KBB.com Best Buy Award* for its impressive powertrain options, spacious cabin, and timeless design (among other contributing factors).

 

See Accord Inventory

Honda Resale Value - 2022 Civic Sedan Jellybean

2022 Honda Civic Value

In addition to a 2022 Kelley Blue Book Best Resale Value Award, the 2022 Honda Civic also received a 2022 U.S. ALG Residual Value Award in the passenger car category. This accolade is based on brand outlook, product competitiveness, and used-vehicle performance.

 

See Civic Inventory

Best Resale Value: Honda Minivan

2022 Honda Odyssey Value

It’s hard to remember a time when the Honda Odyssey wasn’t a leader in resale value. As one of the first vehicles to come standard equipped with the Honda Sensing suite of driver-assist and advanced safety features, this minivan is consistently recognized for its technology, performance, and safety. But lest we forget, Odyssey also took home a 2022 U.S. ALG Residual Value Award in its respective segment, further solidifying its legendary reputation.

 

See Odyssey Inventory

Honda Resale Value - 2022 Odyssey Profile Image

How do I find out the resale value of my car?

Honda Resale Value - 2022 Civic Interior Image

Honda cars, SUVs, minivans, and trucks have an impressive track record for manufacturing dependable vehicles that consistently outlast the financed payments, which points to reliability and fewer maintenance expenses. Although this is a solid indicator of residual value, many Sioux City drivers have asked our team, “How is my Honda’s resale value determined?” Below is a list of factors that are taken into account.

  • The amount of depreciation
  • The mileage on the odometer
  • The exterior and interior condition of the vehicle
  • The vehicle’s accident history
  • The demand for your vehicle

Receive More Value at Vern Eide Honda Sioux City

Value retention might not be the first thing you think of when buying a new car, but if you like to change vehicles every few years or foresee a change in your financial future, having a Honda with high resale value will give you added peace of mind when you go to sell your vehicle. If you’re in the market for a new vehicle, resale value is just one reason why you should consider buying a Honda. Make the trip to Vern Eide Honda Sioux City today and see the benefits in person.

* For more information, visit Kelley Blue Book’s KBB.com. Kelley Blue Book is a registered trademark of Kelley Blue Book Co., Inc.
AudioEye
Search
Contact
Glovebox
AudioEye
Search
Contact Us
Glovebox
Vern Eide Honda Sioux City 42.4379556, -96.348382.