Honda Resale Value Guide
As you begin to shop for your next vehicle, it’s always a smart idea to start your search at a brand that has a high reputation for delivering outstanding resale value. As one of the larger financial decisions you can make, selecting a brand with high resale value is an excellent way to experience long-lasting peace of mind and confidence behind the wheel. Thankfully, Honda remains an industry leader when it comes to delivering high resale value. Curious about which Honda models have earned top praise from critics all across the industry for their high resale value? Germain Honda of Surprise has created this informative guide that lists all of the Honda models that have earned awards and recognition for their outstanding resale value. Let’s get started!
Honda Wins in Kelley Blue Book Best Resale Value Awards*
Kelley Blue Book, one of the country’s most highly regarded names in automotive research and vehicle rankings, annually releases its Best Resale Value Awards*. In this study, 10 individual vehicles that are expected to retain the highest percentage of their original manufacturer’s suggested retail price (MSRP) are named to the winner list. Collectively, this prestigious list from Kelley Blue Book highlights the best-of-the-best when it comes to projected resale value.
2023 Best Resale Value: Cars
2023 Honda Civic
Resale Value: 62.5%
Category: Compact Car
The recipient of the top spot in the compact car segment in the 2023 Kelley Blue Book Best Resale Value Awards is the legendary Honda Civic Sedan. Always a familiar face when it comes to this type of award, the Civic Sedan has remained one of the most popular choices in its class for decade after decade. Along with its impressive efficiency, outstanding initial value, long-term dependability, and sophisticated styling – the Civic Sedan delivers an elevated ownership experience thanks to its exceptional resale value. Since the Civic is expected to retain up to 62.5% of its value after 60 months of ownership, choosing a Honda Civic is a decision both your head and heart can settle on.
2023 Honda Accord
Resale Value: 56.7%
Category: Midsize Car
Another familiar name among drivers looking for outstanding resale values, the recently redesigned Honda Accord is the top model in the midsize car category according to the team at Kelley Blue Book. A fixture on best-of lists and a perennial award-winner, the Accord has built its legacy on delivering unparalleled build quality and reliable performance. Available with both gasoline and hybrid powertrain options, the Accord also stands out with impressive efficiency to take your journey further than ever before. Thanks to an expected 56.7% resale value rating, the Honda Accord is the ultimate midsize sedan for your lifestyle.
Honda Earns Victory in J.D. Power 2023 U.S. ALG Resale Value Awards**
The U.S. ALG Residual Value Awards are the automotive industry benchmark for showcasing individual models that are expected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. Value retention is a critical part of the lease cost of a vehicle, adding to a given brand’s success in long-term quality and design, along with the overall attractiveness of automotive brands and their models. For 2023, Honda received four model-level awards in the annual U.S. ALG Resale Value Awards**.
Across the entire Honda model lineup, shoppers will discover options that deliver outstanding resale value. Stop by Germain Honda of Surprise today to discover all that your favorite Honda model has to offer!
*Source: 2023 Kelley Blue Book – https://www.kbb.com/awards/best-resale-value-cars-trucks-suvs/
**Source: 2023 J.D. Power – https://www.jdpower.com/business/press-releases/2023-us-alg-residual-value-awards