Blog

Resale value may not be the first thought that comes to mind for most people when considering which vehicle to buy. However, if you prefer changing your vehicle every few years or your circumstances are likely to change in the short term, then it is something to consider. For example, your need of the hour may be large minivan to accommodate your family but as the kids get older, your needs may change. Or maybe you’ve decided to do a lot more off-track driving and need to sell off your sleek city vehicle for something more rugged.

After reading through several roundups of cars with great resale values, Honda models have consistently made it to various lists of the ‘best resale value vehicle’ across different segments.

There are several reasons for this. New Honda vehicles offer the best value for money with their near perfect balance of performance, economy, luxury and affordability. They also have a lower maintenance cost when compared to their competitors in the different categories.

Referring to several reports, the average small car depreciates by a minimum of 60% over a five-year period. Over this same time period, Honda vehicles depreciate by roughly 35%. This makes them much cheaper to own over the long term, as compared to vehicles that lose more value over time.

When it comes to resale value, Honda vehicles have been declared overall best in the compact, subcompact and midsize classes. Find out why below.

Best Resale Value In The Compact Car Class – Honda Civic

The Honda Civic is usually the first car drivers think of when they are looking for an affordable, and high-quality used compact car. According to Kelley Blue Book, after 3 years you can get as much as 62.3% in resale value with the 2013 Honda Civic. That’s higher than most other models in this class.

 

 

The higher than average resale value of the Civic can be attributed to several factors, particularly its excellent fuel efficiency. Other contributors include the intelligent multi-information display that collects all of the vehicle’s stats on one screen, the Eco Assist technology that informs whether you are driving efficiently at a glance and the state-of-the-art safety features that increases occupant protection in the event of a crash.

Best Resale Value In The Subcompact Car Class – Honda Fit

The Honda Fit has held the top spot for best resale value in the subcompact class for the third consecutive year, with a 61.5% value after 36 months.

The higher than average resale value of the Civic can be attributed to several factors, particularly its excellent fuel efficiency. Other contributors include the intelligent multi-information display that collects all of the vehicle’s stats on one screen, the Eco Assist technology that informs whether you are driving efficiently at a glance and the state-of-the-art safety features that increases occupant protection in the event of a crash.

Best Resale Value In The Subcompact Car Class – Honda Fit

The Honda Fit has held the top spot for best resale value in the subcompact class for the third consecutive year, with a 61.5% value after 36 months.

A spacious interior that seats five and still has 20.6 cubic feet of storage, 117 horsepower with quick acceleration, multiple seating modes to accommodate different requirements and excellent gas mileage. These are just some of the many reasons that keep the Honda Fit at that top spot year after year.

Best Resale Value In The Midsize Car Segment – Honda Accord

With a 58.4% resale value after 36 months, the Accord is yet another Honda model to makes it to the list of best resale vehicles, this time in the midsize segment.

The Honda Accord has lots going for it, from its sporty yet sleek profile, driver’s expanded-view mirror, alloy wheels, rearview camera, an 8” screen that displays incoming text messages and ECO Assist technology that ensures that your drive style remains fuel efficient.