Does the Honda Odyssey hold its value?
The Honda Odyssey is a popular minivan known for its reliability and practicality, but how well does it hold its value over time? According to industry data, the Odyssey is one of the better-performing minivans when it comes to retaining its resale value.
Factors Affecting the Odyssey's Resale Value
Several factors contribute to the Honda Odyssey's strong resale value:
- Reputation for Reliability: The Odyssey has a well-earned reputation for being a reliable and durable vehicle, which helps maintain its value over time.,
- Demand for Used Minivans: Minivans remain in high demand, especially among families, which drives up prices for used models.
- Honda's Brand Strength: As a Honda model, the Odyssey benefits from the brand's reputation for quality and dependability, which helps preserve its resale value.
- Minimal Redesigns: The Odyssey has undergone relatively few major redesigns over the years, which means used models still have a similar appearance and features to newer versions.
These factors combine to make the Honda Odyssey one of the better-performing minivans in terms of holding its value over time.
Resale Value Compared to Competitors
When compared to other popular minivans, the Honda Odyssey stands out for its strong resale value. According to industry data, the Odyssey typically retains a higher percentage of its original MSRP than competitors like the Toyota Sienna, Chrysler Pacifica, and Dodge Grand Caravan.
For example, a 3-year-old Honda Odyssey may retain around 60-65% of its original value, while a similar-aged Toyota Sienna or Chrysler Pacifica may only retain 50-55%. This makes the Odyssey a more financially sound choice for those who plan to sell or trade in their minivan in the future.
Conclusion
In summary, the Honda Odyssey is known for its excellent resale value, thanks to its reputation for reliability, high demand for used minivans, Honda's brand strength, and minimal redesigns over the years. When compared to other popular minivan models, the Odyssey typically retains a higher percentage of its original value, making it a smart choice for those who want to maximize their investment in a family-friendly vehicle.
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 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.
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 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.
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 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.
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.
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.
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.
