The Honda brand has been well known over the years as one that provides value, craftsmanship, safety and reliability. In terms of reliability, the resale value Honda vehicles hold is one of the key benefits drivers receive when investing in a Honda car, truck or SUV. Reliability and low ownership costs - such as less maintenance needed over the course of ownership - are just a few ways owning a Honda does more than just get your money when you’re ready to sell or trade in. It could be your family size increasing and needing more space like the Honda Odyssey, or a young professional making moves and finding the sporty Accord more their style. For many years, Honda vehicles have an established reputation for being low maintenance and having better resale value, giving us a decisive edge over the competition. Besides low maintenance & repair costs, there are several additional reasons on how Honda beats the competition in regards to resale value. New Honda vehicles offer the best value for money with their balance of performance, economy, luxury and affordability.
Most decisions on purchasing a new vehicle are typically price driven. As we outline, there should be more factors than the price on the window, such as long term value, resale value and cost of ownership. As many outside sources - for example, Edmunds or KBB (Kelley Blue Book) - have reviewed resale and cost of ownership values, Honda models have consistently made it to various lists of the ‘best resale value vehicle’ across different segments. When it comes to resale value, Honda vehicles have been declared overall best in the compact, subcompact and midsize classes.
There are many great Honda vehicles for sale at Vern Eide Honda, your Sioux Falls Honda dealership. As we take great pride in the Honda nameplate and serve our customers with a fun & friendly approach, we also know it’s important to provide information while residents consider their next vehicle
One great resource that explains resale value and factors contributing is Kelley Blue Book (KBB). For many years, KBB has been recognizing vehicles under their ‘Best Resale Value Awards’ for their retained value through the initial five-year ownership period. Awards are given out to automakers who have provided outstanding achievements in manufacturing automobiles that retain more than 50% of their MSRP over that first five year period of new-vehicle ownership. Honda was proudly awarded five Kelley Blue Book Best Resale Value Awards in 2019 for every category for every vehicle type that the brand produces including:
This hybrid vehicle brings up to 55 mpg while also including a strong lineup of standard safety tech such as Honda Sensing.
The Civic remains the champion of resale value by claiming the Kelley Blue Book Small Car Best Buy award five years in a row, mixing excellent efficiency and reliability.
The 2019 Honda HR-V has retained a budget-friendly starting price and gained more features such as Apple CarPlay™* and Android Auto™* functionality.
The Honda Odyssey has claimed the coveted Kelley Blue Book Minivan Best Buy Award for four out of the last five years. Loaded with safety features including LATCH accommodations for up to five child safety seats, as well as eight standard airbags, including a pair of curtain airbags that offer side-impact head-protection for all three rows of seats.
With the 2019 Honda Ridgeline, Honda has exceeded expectations by creating a vehicle that delivers all of the comforts and driving familiarity of an SUV while also offering the flexible versatility of a midsize pickup truck.