Honda continues to show strong value-retention results, with third place (#3) finishes in both the 3-year and 5-year results, as well as an impressive #2 standing in the long-term 7-year standings. The Honda Fit and CR-V lead Honda's vehicle lineup in holding their resale value. For value-conscience shoppers looking for a tried and true vehicle line that won't disappoint, you can't go wrong with any Honda model, new or used.
The 2017 is our top pick for the best model year value for the Honda vehicles. With the 2017, you would only pay, on average, 67% of the price as new, with 75% of the vehicle's useful life remaining. The 2018 and 2015 model years are also attractive years for the Honda models, and provide a relatively good value. Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money with a Honda model.
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We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in April 2020.
While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
If you would like to know more about our data and process, check out our FAQ here.