Just months after hitting the market, Honda, one of the last major automakers to go electric in the American market, is now out-selling its competitors. To say that the 2024 Honda Prologue has been a success would be an understatement. Is Honda’s first EV in America worth the hype? Here’s how the Honda Prologue compares to electric offerings from Hyundai, Kia, Toyota, Tesla, and other new arrivals.Â
Honda Is An EV Sales Leader Right Now
Looking at the EV sales totals for the past 45 days (courtesy of CarEdge Insights), the Honda Prologue stands out at the top of the pack. This success is despite its recency, having been launched earlier this year. It’s also not cheap: the average selling price for a new Honda Prologue is $51,524, according to data from CarEdge Insights.
Of course, Tesla sells direct-to-consumer, and therefore we don’t have their data. Nor do we have numbers from Rivian, Lucid, or the now defunct Fisker. What we do have are fascinating insights that reveal who’s who in the U.S. electric vehicle market in 2024. at least among legacy automakers. Here are the top 10 EVs in America today, as measured by their 45-day sales total as of September 10, 2024. We’ve also included the current market day supply for each.
45-Day Sales Total
Market Day Supply
Honda Prologue
7,046
84
Ford Mustang Mach-E
6,311
128
Hyundai IONIQ 5
5,777
88
Chevrolet Equinox EV
4,655
131
Chevrolet Blazer EV
3,761
173
Cadillac Lyriq
3,722
111
Ford F-150 Lightning
3,174
67
BMW i4
3,136
91
Volkswagen ID.4
3,014
78
Kia EV9
2,747
67
The Prologue Is A Chevy In Disguise
Did you know that Honda doesn’t manufacture the Prologue? As odd as it may sound, this is probably a good thing. In 2022, General Motors and Honda entered into a partnership that would help Honda leap into the EV space before it finished engineering its own electric powertrain. One year later, Honda backed out, but not before using GM’s Ultium electric powertrain for the Honda Prologue EV and Acura ZDX EV.
GM’s Ultium platform is good, but it’s not great. Ultium batteries power the Chevrolet Blazer EV, Equinox EV, the popular Cadillac Lyriq, and other models. The general consensus among owners and auto reviewers is that range, handling, and overall value are great. But for over $50,000, buyers should expect the latest and greatest technology. That’s not always the case with the Prologue.
Charging speeds are not miserable, they just aren’t on par with the competition from Hyundai, Kia, and Tesla. For example, a 20-minute charging session in a Hyundai IONIQ 5 is likely to take 30 to 40 minutes in the new Prologue. Performance aside, the Prologue is arguably the most normal-looking EV on sale today. It simply blends in with the crowd, as most Honda models do.Â
But the specs matter in the crowd of electric crossovers. Here’s how the 2024 Prologue compares to the top competition when it comes to range, charging speed, and price.
Price (Base MSRP)
Range (Miles)
Max Charging Speed
Honda Prologue
$48,795 - $59,295
296
150 kW
Hyundai IONIQ 5
$43,195 - $54,895
303
230 kW
Kia EV6
$43,975 - $62,975
310
230 kW
Toyota bZ4X
$44,465 - $48,575
252
150 kW
Nissan Ariya
$40,980 - $55,580
304
130 kW
Tesla Model Y
$46,380 - $52,870
320
210 kW
Subaru Solterra
$46,340 - $53,340
228
100 kW
The Best Honda Prologue Offers This Month
Despite sales success, Honda continues to aggressively discount the Prologue. According to Motor Intelligence, the average manufacturer incentive for the Prologue was $7,035 in July 2024. On top of the discounts, the Prologue qualifies for the $7,500 federal EV tax credit. GM manufactures the Prologue alongside the Blazer EV in Mexico.
This fall, the sales continue. Honda is advertising 0.9% APR for 60 months, or 2.9% APR for 72 months. Current Honda owners also get $1,000 in Honda Loyalty Cash. Leasing the Prologue is a sweet deal, too. Lease the Prologue AWD EX from $289/month for 36 months with just $2,999 due at signing. See the best new car deals this month.
The Honda Prologue Is A Great EV With Few Compromises
The Prologue is not going to last forever, at least according to Honda’s own plan for its next-gen EV platform. In July 2024, Honda and Sony announced that they will share the EV architecture from the upcoming “Honda 0” EV series, which is expected to arrive in 2026.
Should you buy the Honda Prologue as your first EV? It’s certainly worth the test drive. If an EV that blends in with the other crossovers on the road appeals to you, the Prologue is right up your alley. Just don’t forget that you have more options to choose from than ever before.
Here’s your one-stop guide to every electric vehicle currently on sale in the United States, plus a sneak peek at the models coming in 2025. Whether you’re eyeing a crossover, 3-row SUV, or an electric pickup truck, this comprehensive list has you covered. We’re keeping this page fresh with regular updates, so check back often as new models hit the market.
Did you know that depreciation makes up the biggest portion of the total cost of car ownership? When it comes to buying a new car, it’s important to consider how well it holds its value over time. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. Some vehicles depreciate faster than others.
In this 2024 update, Toyota continues to dominate the list of cars with the best resale value, with multiple models making an appearance. Honda follows closely, proving once again that both brands know how to build cars that hold their value. Let’s take a look at the top contenders in terms of resale value in the first five years of ownership.
Jeep Wrangler
5-Year Residual Value: 75%
The Jeep Wrangler has long been known for its ability to retain value. After five years, it’s expected to depreciate just 34%, leaving you with a resale value of around $38,610 if you buy at today’s average selling price of $58,209. For off-road adventurers, the Wrangler’s value retention makes it a solid investment. See our full depreciation breakdown.
After a what feels like a lifetime, the 4Runner is getting a big refresh for 2025. We see no reason to worry about this legend’s reliability with the refresh, nor any damage to it’s phenomenal resale value.
Under normal ownership conditions, the Toyota 4Runner will depreciate just 39% after five years under normal use. With today’s average selling prices, this results in a resale value of about $31,593. If you’re looking for an SUV that holds its value while offering reliable performance, the 2025 4Runner should be on your short list. See our full depreciation breakdown.
The Land Cruiser is back after a short hiatus. As expensive cars sadly become the norm, it makes sense that Toyota would resurrect their luxury SUV with impressive off-road prowess. It’s quite expensive, especially for a Toyota. Today’s average selling price is a hair north of $73,000. After five years, the Land Cruiser retains 74% of its value, with an estimated resale price of $44,791. The time-tested Land Cruiser is a prime choice for anyone looking for a high-end SUV that keeps its value. See our full depreciation breakdown.
With a 5-year depreciation of just $10,127, the Toyota RAV4 is another excellent option for those looking for cars that hold their value. After five years, the average residual value will be around $27,520, making it one of the most practical choices for compact SUV buyers. See our full depreciation breakdown.
The Honda HR-V, the #3 crossover in America in terms of sales, retains 73% of its value after five years. Considering an average selling price of $29,164 when new, the average resale value after 5 years comes out to $21,266. It’s a great option for those who want a smaller SUV that still holds its value well. See our full depreciation breakdown.
The Honda CR-V is a top performer in the small SUV segment, losing just 28% of its value after five years. That leaves CR-V owners with an estimated resale value of $22,354 when starting at an average selling price of $38,461. The Honda CR-V is not just reliable; it’s a smart financial choice for those who care about SUV resale value. See our full depreciation breakdown.
They say it’s shockingly fun to drive considering the attainable price point. There’s yet another reason to love the Miata: low depreciation. The Mazda MX-5 Miata retains 72% of its value after five years, with an expected resale price of $23,885. Brand new, the MX-5 Miata sells for $36,239 on average as of 2024. Known for its sporty handling and fun driving experience, the Miata is one of the top choices for sports car buyers who also want excellent resale value. See our full depreciation breakdown.
The Toyota Tacoma is arguably the best pickup truck on the road for holding its value. After five years, it retains 72% of its value on average. That means after a new selling price averaging close to $47,000, buyers can expect a resale price of around $34,000 after five years. Its combination of reliability, durability, and value makes it a standout among mid-size trucks. See our full depreciation breakdown.
The Toyota Corolla proves that compact sedans can retain their value exceptionally well. With a 5-year depreciation of just 28%, a new Corolla purchased today is expected to retain 72% of its value. Its resale value, low cost of ownership and excellent fuel efficiency help the Corolla sedan survive the modern era’s shift to SUVs and crossovers. See our full depreciation breakdown.
No longer available as a sedan, the Impreza is officially a hatchback for 2024 and 2025. The Subaru Impreza holds onto 72% of its value after five years, with an expected resale price around $19,882. Subaru’s reputation for reliability and standard all-wheel drive make the Impreza a smart choice for those looking for value retention in a sedan that can handle every season. See our full depreciation breakdown.
When it comes to finding cars that hold their value, these cars, trucks, and SUVs are at the top of the list. Time and time again, Toyota and Honda continue to dominate. For 2024 and 2025, other brands like Subaru and Mazda also offer strong contenders for those who shop with resale value in mind.
Need help finding the perfect car with great resale value? Let CarEdge Concierge do the negotiating for you. We’ll help you find the best deals, negotiate the price, and even deliver your new car to your door. Learn more about CarEdge’s car buying service.
Buying a truck is a costly endeavor, but not all trucks hold onto their value the same way. Some depreciate faster than others, leaving truck owners with less resale value down the road. In this deep dive, we’ll take a look at five trucks that don’t fare well when it comes to depreciation, so you know what to watch out for.
CarEdge’s depreciation rankings were updated with the latest data in 2024, giving you insights on which models are most likely to drop in value in 2025 and beyond. When we talk about “5-year residual values,” we’re referring to the percentage of a vehicle’s original value that it retains after five years. The higher the percentage, the better it holds its value—but for these trucks, the numbers aren’t looking too good.
Ford F-150: 49% 5-Year Residual Value
The Ford F-150 might be a top-selling truck, but when it comes to value retention, it’s the worst. After five years, the F-150 will have lost around 51% of its original value, leaving you with a resale price of about $30,245. While it does well in the first few years, it starts to lag behind rivals like the Chevy Silverado as time goes on.
Should you avoid this truck? Not necessarily, but be aware of how fast it loses value. If you’re deciding between the F-150 and another truck, it might be worth considering factors other than just resale value, like features, towing capacity, or reliability. For instance, both the Chevy Silverado 1500 and Ram 1500 pickups maintain their value better than the F-150.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $61,927 when new. This is the average selling price of a new F-150 today.” See our full depreciation analysis for the Ford F-150.
The GMC Sierra 2500 HD doesn’t depreciate quite as quickly as the F-150, but it still loses around 45% of its value over five years. If you buy one new at the current average selling price of $87,897, expect it to be worth around $48,247 after five years.
Heavy-duty trucks like the Sierra 2500 often fare better in the long run, thanks to their durability and strong market demand. But even with that in mind, a nearly 50% drop in value is something to keep in mind if you’re looking at this model.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $87,897 when new. See our full depreciation analysis for the Sierra 2500.
Similar to the Sierra 2500, the Ford F-250 Super Duty retains just over half its value after five years. Starting at an average selling price of $72,489, it’s likely to be worth about $39,833 after that period. That’s a depreciation of $32,656, which isn’t insignificant for a heavy-duty truck.
The Nissan Titan depreciates a bit more slowly than others on this list, but it’s still going to lose about 52% of its value in five years. From a starting price of $58,711, you’ll be looking at a resale value of around $28,463 after half a decade.
Nissan’s full-size truck may not be as popular as the F-150 or Silverado, but if you’re a fan of what it offers, be prepared for its resale value to dip more than average.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. See our full depreciation analysis for the Titan.
Chevrolet Silverado 2500 HD: 59% 5-Year Residual Value
The Chevy Silverado 2500 HD edges out the Titan with a 5-year residual value of 59%, meaning it loses 41% of its value over that time. If you purchase one for $66,710, expect it to be worth about $39,139 after five years.
It’s important to remember that these are the trucks with the worst depreciation. Several popular models fare better, including the Chevrolet Silverado 1500, GMC Sierra 1500, and trucks from Ram and Toyota. Browse our complete depreciation rankings for free.
In the market for a new or used truck? Let us do the negotiating for you. CarEdge Conciergeis the best-rating car buying service in America. Learn moreabout how we can deliver your next truck to your door, all while saving you thousands of dollars.
When shopping for a car, the last thing you want is to end up with is a lemon. A Lemon Law car is a vehicle plagued with defects that can lead to endless repairs, frustration, and unexpected expenses. Fortunately, there are several telltale signs that can help you avoid purchasing a lemon. Here’s how our CarEdge pros keep an eye out for lemon cars when shopping for our Concierge service.Â
1. Check the Vehicle History Report
One of the first steps in evaluating a used car is to obtain a vehicle history report from a service like Carfax. Don’t accept a report from an issuer you’ve never heard of, or very little is known about. This report provides crucial details about the car’s past, including any reported accidents, title issues, service records, and whether it has been labeled a lemon by previous owners. A clean history report is a good sign, but be wary of any red flags such as frequent ownership changes or multiple repairs early in the car’s life.
2. Beware of “Too Good to Be True” Deals
If a deal seems too good to be true, it probably is. Extremely low prices compared to similar models on the market could be a sign that the seller is trying to offload a lemon. Always research the fair market value of the car you’re interested in and be cautious if the price is significantly lower without a reasonable explanation. It can’t hurt to ask the salesperson why the car is offered at such a good price. CarEdge Insights is the perfect research tool for every car buyer, and includes detailed, local car price data.
3. Inspect the Exterior and Interior Thoroughly
A careful inspection of the car’s exterior and interior can reveal signs of previous damage or poor maintenance, in addition to a possible Lemon Law car. Look for uneven paint jobs, mismatched body panels, or rust, which could indicate previous accidents or improper repairs. Inside, check for wear and tear that doesn’t match the car’s age or mileage, such as overly worn seats, broken switches, or a musty smell, which could point to water damage.
Even if a car has been repaired, the quality of those repairs matters. Check for signs of shoddy workmanship, such as misaligned body panels, uneven gaps around doors or hoods, and poorly fitting trim pieces.
4. Have a Trusted Mechanic Inspect the Car
Even if the car seems perfect on the surface, it’s wise to have a trusted mechanic conduct a pre-purchase inspection. A mechanic can check the car’s engine, transmission, suspension, and other critical components for issues that might not be obvious during a regular inspection or test drive. This professional evaluation can save you from unexpected repairs and costs down the road.
If the seller gives any pushback at all, this is a major red flag. It’s reasonable for them to ask questions considering that you’d be taking their car to a shop. Offer for them to come along to assuage any concerns. Regardless, our CarEdge experts don’t budge on this: no pre-purchase inspection on a used car? No deal.
A thorough test drive is crucial for uncovering hidden issues. Pay attention to how the car handles, brakes, and accelerates. Listen for any unusual noises, such as clunking, grinding, or whining, which could signal mechanical problems. Also, test all of the vehicle’s features, including the air conditioning, infotainment system, and lights, to ensure everything is in working order.
If you’re not too familiar with how a car should drive, invite someone who is along for the ride. This could be covered under the pre-purchase inspection we just covered above.
6. Review Warranty and Lemon Law Protections
If you’re buying a used car, check if any of the manufacturer’s warranty is still in effect. This can offer some protection if you end up with a lemon. Additionally, familiarize yourself with your state’s lemon laws, which provide legal recourse if you purchase a defective vehicle. Knowing your rights can help you make a confident purchase and protect yourself if something goes wrong. Consider extended warranty coverage for peace of mind. Learn more about CarEdge’s extended warranty, the most transparent coverage on the market.
Spotting a lemon law car before you buy can save you from a world of hassle and expense. By following these critical steps, you can minimize the risk of ending up with a problematic and wallet-draining vehicle. Remember, it’s better to invest a little extra time in the buying process than to deal with the consequences of purchasing a lemon.
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