The fact that Honda automobiles hold their value better than the majority of used cars is relatively well known, and it has been that way for the past two decades.
You'll see that many used Honda vehicles over the past five years are still priced somewhere around their original MSRP sticker pricing ....
and frequently far more than other makers in the same categories if you take a quick glance at any listed auto website.
Older Honda vehicles, such as those produced in the 1990s, are still available for a hefty price. But why do they cost so much?
It has to do with a little more than just Kelley Blue Book values
Although tools like Kelley Blue Book are useful for determining a car's value, they aren't necessarily the most trustworthy source when it comes to Hondas, especially the older models.
For instance, we just discovered a 1996 Honda Civic DX hatchback with 86,000 kilometres being offered for $5,700 on Craigslist.
Although the automobile appears to be in excellent condition and has extremely few mileage for its age (just 24), the asking price is absolutely absurd.
Additionally, even while we doubt the seller would accept that much as payment, we are confident that it won't sell for the $1,000 KBB.com estimates it is worth.
Of course, that is an extreme case, but why is the cost so high? Simply said, the popularity, dependability,
and customizability of the older Honda Civics and Accords are more important factors than supply and demand alone.
There is a rarity aspect since clean examples, like the 1996 Honda Civic described before, are becoming increasingly difficult to locate as time passes.
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