Does Honda HR-V retain value?
The Honda HR-V, a compact crossover SUV, is known for its reliability and practicality. But how well does it hold its value over time? According to industry data, the Honda HR-V is considered a good value retention performer in its class.
Factors Affecting the Honda HR-V's Resale Value
Several factors contribute to the Honda HR-V's ability to retain its value:
- Brand Reputation: Honda is a highly respected brand known for producing reliable, long-lasting vehicles. This reputation helps maintain the HR-V's resale value.
- Reliability and Durability: The HR-V is widely regarded as a dependable and well-built vehicle, which is attractive to used car buyers.
- Popularity and Demand: The HR-V is a popular model in the compact crossover segment, ensuring steady demand from used car buyers.
- Minimal Depreciation: The HR-V typically experiences lower depreciation rates compared to many of its competitors, helping it retain more of its original value.li>
These factors contribute to the Honda HR-V's strong resale value performance, making it a smart choice for those looking to minimize their vehicle's depreciation over time.
Comparing the Honda HR-V's Resale Value
When compared to other compact crossover SUVs, the Honda HR-V stands out for its excellent resale value. According to industry data, the HR-V typically retains a higher percentage of its original value after 3-5 years of ownership compared to models like the Subaru Crosstrek, Mazda CX-30, and Hyundai Kona.
This makes the Honda HR-V an attractive option for those who plan to sell or trade in their vehicle in the future, as it will likely command a higher price on the used car market.
Conclusion
In summary, the Honda HR-V is a compact crossover SUV that is known for its strong resale value. This is due to a combination of factors, including the Honda brand's reputation for reliability, the HR-V's durability and popularity, and its relatively low depreciation rates. For those looking to minimize the financial impact of vehicle ownership, the Honda HR-V is a smart choice that can help preserve your investment over time.
Do Honda HRVs hold value?
One of the benefits of owning a Honda HR-V is its strong resale value. Honda vehicles, including the HR-V, tend to hold their value well over time. A well-maintained HR-V with lower mileage can be sold for a higher price than vehicles from other brands, making it a good investment in the long run.
Is Honda HR-V expensive to maintain?
The Honda HR-V is known for its low maintenance costs, making it an attractive option for budget-conscious drivers. Over the first 10 years of ownership, the HR-V's maintenance and repair costs are estimated at $7,226, which is significantly lower than the industry average for SUVs.
What year of HRV to avoid?
The Honda HR-V years to avoid are generally considered the 2016 and 2017 models due to issues with sluggish acceleration and outdated infotainment, and the 2023 model because of a high number of complaints and recalls, particularly related to steering and rear window shattering. The first generation HR-V, especially with a CVT transmission, is also worth avoiding.
Years to avoid and why
This video explains the common problems with the Honda HR-V, including issues with the audio display and airbag system: 1mMJ100kYouTube · Apr 27, 2025
- 2016 and 2017: These early models of the second generation are often cited as ones to avoid due to poor acceleration and an outdated infotainment system, which were improved in later years.
- 2023: This year has a high number of complaints and has been subject to significant recalls, with owners reporting problems such as steering difficulties and rear windows shattering spontaneously.
- Pre-2013/2015 (first generation): These models are best to avoid, particularly those with a Continuously Variable Transmission (CVT), as they can have engine problems.
What to consider instead
- 2020, 2021, and 2022: These model years are frequently recommended as the most reliable, offering a good balance of value, features, and reliability.
- 2018 and 2019: Many owners were happy with these models, which also saw improvements over the 2016 and 2017 versions.
- 2024: While the 2023 model had issues, the 2024 model has also seen recalls, so it's important to be cautious and check for any open recalls before purchasing.
- 2025: The latest models are still new, so there is less data available on their long-term reliability compared to previous years.
Which Honda holds its value the best?
The Honda Fit typically holds its value best among all Honda models, retaining the highest percentage of its value over time. However, the Honda Civic and Honda CR-V are consistently top contenders for resale value across the brand, frequently winning awards from organizations like Kelley Blue Book. The Honda Accord also holds its value well, particularly in the midsize sedan category.
Models with the best resale value
- Honda Fit: Has the best resale value, retaining the highest percentage after five years.
- Honda Civic: A consistent performer in resale value, frequently winning awards in the compact car category.
- Honda CR-V: A top performer for resale value, particularly in the SUV and crossover segment.
- Honda Accord: Consistently ranks high for resale value in the midsize car category and is known for long-term durability.
- Other models: The Honda HR-V, Odyssey, and Ridgeline also have strong resale values within their respective categories.
Factors influencing resale value
- Reliability and dependability: Models like the Civic and Accord are known for long-term durability, making them desirable in the used market.
- Fuel efficiency: Vehicles that are more fuel-efficient often hold their value better due to lower running costs.
- Demand: High sales volumes, like that of the CR-V, can contribute to strong resale value as the models are in high demand.
- Cost of ownership: Lower maintenance and repair costs also make a vehicle more attractive to used car buyers.
