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How Honda Holds Its Resale Value

  • Honda Holds Resale Value Vern Eide Honda Slider

The Honda Brand Means Value

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 of why shoppers buy a new Honda car, truck, or SUV. Reliability and low ownership costs—such as less maintenance needed over the course of owning the vehicle—are just a few ways owning a Honda does more than just get your money when you’re ready to sell or trade-in.

 

For many years, Honda vehicles have an established reputation for being low maintenance and having better resale value, giving them a decisive edge over the competition. Besides low maintenance and repair costs, there are several additional reasons as to why Honda beats the competition in regards to resale value. New Honda vehicles offer the best value for money with their balance of performance, efficiency, affordability, and extensive warranty.

What the Experts Say About Honda Resale Value

Most decisions on purchasing a new vehicle are typically price-driven. There should be more factors than the price on the window, such as long-term value, resale value, and cost of ownership. Many trusted automotive resources like Edmunds and Kelley Blue Book (KBB.com) 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 mid-size 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 brand and serve our customers with a fun and friendly approach, we also know it’s important to provide information while residents are considering their next vehicle.

Honda Holds Resale Value Civic Profile Image

Kelley Blue Book Resale Value Awards

One great resource that explains resale value and factors contributing is Kelley Blue Book. For many years, KBB.com 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:

  • Best Resale Value: Hybrid Car, Honda Insight
  • Best Resale Value: Compact Car, Honda Civic
  • Best Resale Value: Subcompact SUV/Crossover, Honda HR-V
  • Best Resale Value: Minivan, Honda Odyssey
  • Best Resale Value: Top 10, Honda Ridgeline
Honda Resale Value Insight Hybrid Image

Best Resale Value: Hybrid Car – 2019 Honda Insight

This hybrid vehicle brings up to 55 mpg while also including a strong lineup of standard safety tech such as Honda Sensing.

 

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Honda Resale Value Civic Sedan Image

Best Resale Value: Compact Car – 2019 Honda Civic

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.

 

Shop Current Civic Inventory

Honda Resale Value HR-V Image

Best Resale Value: Subcompact SUV/Crossover – 2019 Honda HR-V

The 2019 Honda HR-V has retained a budget-friendly starting price and gained more features such as Apple CarPlay and Android Auto functionality.

 

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Honda Resale Value Odyssey Image

Best Resale Value: Minivan – 2019 Honda Odyssey

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.

 

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Honda Resale Value Ridgeline Image

Best Resale Value: Top 10 – 2019 Honda Ridgeline

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.

 

Shop Current Ridgeline Inventory

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