Wednesday, September 16, 2015
Honda Models Top Segments in Value Retention
The auto industry is a funny thing sometimes. Take, for example, the 2015 Honda CR-V, which is the best-selling SUV in the industry, and how it recently was named the best in its segment for projected value retention after five years by Edmunds.com. Logically, one would think that if the used CR-V market is flooded with inventory five years down the road that it would actually hold onto less of its value, but that doesn’t look like what’s going to happen.
In truth, a lot of people who buy CR-V models plan on keeping them for as many years as possible, and based on the track record of previous Honda vehicles, there’s a great chance that they’ll last for many years. If those consumers keep their crossovers, demand for used ones actually goes up, and if people are buying the brand new CR-V models in record numbers, why wouldn’t they also be interested in more affordable used and certified pre-owned ones?
It’s all great news for people that own a CR-V, but the Edmunds.com value retention study didn’t just highlight that vehicle; both the 2015 Honda Odyssey and 2015 Honda Fit also won their segments for a lot of the same reasons that the CR-V did, and both the 2015 Honda Civic and 2015 Honda Accord finished in the top three among their segments.
Perhaps best of all, Honda finished among the top handful of brands in overall value retention, which means purchasing a vehicle from us here at Pacific Honda is about as safe an automotive investment as one can make these days. Keep them forever or sell them in a few years, but either way, in most cases they hold their value better than the competition.