Does the Honda Odyssey hold its value?
The Honda Odyssey has long been a favorite among families for its reliability, comfort, and practicality. But when it comes to resale value, how does this popular minivan stack up? In this article, we’ll explore whether the Honda Odyssey holds its value over time and what factors contribute to its performance in the used car market.
Why Resale Value Matters
Resale value is an important consideration when purchasing a vehicle. A car that holds its value well can save you money in the long run, whether you plan to trade it in, sell it privately, or simply want to ensure your investment is worthwhile. The Honda Odyssey is often praised for its durability, but does that translate into strong resale value?
Factors That Affect the Honda Odyssey's Resale Value
Several factors influence how well the Honda Odyssey retains its value over time. Here are the key considerations:
- Brand Reputation: Honda is known for producing reliable and long-lasting vehicles, which positively impacts the Odyssey's resale value.
- Demand for Minivans: While SUVs dominate the market, minivans like the Odyssey remain popular among families, ensuring steady demand in the used car market.
- Maintenance and Reliability: The Odyssey is renowned for its low maintenance costs and reliability, making it an attractive option for second-hand buyers.
- Trim Levels and Features: Higher trims with advanced features, such as entertainment systems and safety technology, tend to hold their value better.
- Market Conditions: Economic factors and fuel prices can also influence the resale value of any vehicle, including the Odyssey.
How the Honda Odyssey Compares to Competitors
When compared to other minivans, the Honda Odyssey often performs well in terms of resale value. Models like the Toyota Sienna and Chrysler Pacifica are its main competitors, but the Odyssey's reputation for reliability and family-friendly features gives it an edge. According to industry data, the Odyssey typically retains a higher percentage of its original value after five years compared to many other minivans.
Tips for Maximizing Your Honda Odyssey's Resale Value
If you own a Honda Odyssey and want to ensure it holds its value as much as possible, here are some tips:
- Keep Up with Maintenance: Regular servicing and addressing any issues promptly can help maintain the vehicle's condition.
- Document Service History: A well-documented maintenance history can reassure potential buyers about the car's reliability.
- Protect the Interior and Exterior: Use seat covers, floor mats, and wax the exterior to keep the vehicle looking its best.
- Choose Popular Features: If you're buying a new Odyssey, opt for features that are in high demand, such as advanced safety systems or rear-seat entertainment.
- Sell at the Right Time: Timing your sale when demand for used minivans is high can help you get a better price.
Conclusion
The Honda Odyssey is a solid choice for those looking for a minivan that holds its value well. Thanks to Honda's reputation for reliability, the Odyssey remains a popular option in the used car market. By maintaining your vehicle and making smart choices, you can maximize its resale value and enjoy a great return on your investment.
Frequently Asked Questions
Will a Honda Odyssey last 300000 miles?
The longevity of a Honda Odyssey largely depends on various factors, including initial quality, maintenance, driving conditions, and the owner's diligence in caring for the vehicle. On average, a well-maintained Honda Odyssey can last for 200,000 miles or more, but individual experiences may vary.
What SUV depreciates the least?
2024 Best Resale Value: SUVs
- 2024 Honda CR-V.
- 2024 Hyundai Palisade. Resale Value: 52.6%
- 2024 Toyota Sequoia. Resale Value: 47.2%
- 2024 Ford Bronco. Resale Value: 66.7%
- 2024 Lexus UX. Resale Value: 44.4%
- 2024 Lexus NX. Resale Value: 39.6%
- 2024 Lexus RX. Resale Value: 45.0%
- 2024 Mercedes-Benz G-Glass. Resale Value: 61.2%
What are the negatives of the Honda Odyssey?
Cons: Mediocre Fuel Economy: While it delivers in terms of power and performance, the Odyssey's fuel efficiency could be better. No Power-Folding Third-Row Seats: Despite its many conveniences, the Odyssey lacks power-folding seats in the third row, a feature found in some competitors.
What is the average life of a Honda Odyssey?
The longevity of a Honda Odyssey largely depends on various factors, including initial quality, maintenance, driving conditions, and the owner's diligence in caring for the vehicle. On average, a well-maintained Honda Odyssey can last for 200,000 miles or more, but individual experiences may vary.
Which Honda model has the best resale value?
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.
What is the best minivan to buy?
Best minivans
- Honda Odyssey. CarMax owner rating. 4.6.
- Chrysler Pacifica. CarMax owner rating. 4.4.
- Toyota Sienna. CarMax owner rating. 4.7.
- Toyota Sienna Hybrid. CarMax owner rating.
- Dodge Grand Caravan. CarMax owner rating.
- Chrysler Pacifica Hybrid. CarMax owner rating.
- Kia Sedona. CarMax owner rating.
- Kia Carnival. CarMax owner rating.
Which car holds its value the longest?
KBB also ranks Toyota as number one for best resale value by brand. Subaru is known for producing safe, reliable vehicles and ranks very high in retained value after three, five, and even seven years of ownership.
Does the Honda Odyssey have good resale value?
The Honda Odyssey ranks #2 for best resale value for minivans. The Odyssey retains 58.9 percent of its value after 5 years, with an average price of $27,432 for 5-year-old models. The Odyssey's resale value is 3.9 percent higher than the resale value average for minivans.
Which minivan has the highest resale value?
List Of Top 5 Minivans That Maintain Their Value
- Toyota Sienna. The 2024 Toyota Sienna is an undisputed efficiency champion in the minivan segment.
- Honda Odyssey.
- Chrysler Voyager.
- Chrysler Pacifica.
- Kia Carnival.
What is Honda's number one selling vehicle?
The CR-V
The CR-V has been Honda's best-selling model in the US since 2017. We recently reviewed a 2025 CR-V Hybrid and found it to be one of the best small SUVs on the market.
