Why are Honda Accords expensive?
The Honda Accord is a popular and well-regarded midsize sedan, but it is often considered more expensive than its competitors. This is due to a combination of factors, including the Accord's reputation for quality, reliability, and resale value, as well as Honda's pricing strategy and the features included in the vehicle.
Reputation for Quality and Reliability
The Honda Accord has long been known for its exceptional build quality and reliability. Honda is widely regarded as one of the most reliable car brands on the market, and the Accord is often cited as one of the most dependable vehicles in its class. This reputation for quality and reliability allows Honda to command a higher price point for the Accord compared to other midsize sedans.
Resale Value
The Honda Accord also has a reputation for excellent resale value, meaning that it retains a higher percentage of its original purchase price over time compared to many of its competitors. This makes the Accord a more attractive long-term investment for buyers, as they can expect to recoup a larger portion of their initial investment when they eventually sell the vehicle.
Honda's Pricing Strategy
In addition to the Accord's reputation for quality and resale value, Honda's pricing strategy also contributes to the vehicle's higher cost. Honda is known for pricing its vehicles at the higher end of their respective segments, often offering more features and amenities as standard equipment compared to competitors. This allows Honda to maintain a premium brand image and charge a higher price for the Accord.
Features and Amenities
The Honda Accord is also typically well-equipped, even in its base trim levels, with a range of features and amenities that add to the vehicle's overall cost. These features can include advanced safety technologies, premium audio systems, and other high-end components that are not always standard on competing models.
In conclusion, the Honda Accord is considered more expensive than many of its midsize sedan competitors due to its reputation for quality and reliability, its strong resale value, Honda's pricing strategy, and the inclusion of a wide range of features and amenities as standard equipment.
What are the disadvantages of Honda cars?
Some of the general issues that have come up with Honda models include problems with the transmission (failures, fluid leaks, and slippages) and the front brake rotors being worn out in some of the Accord models. You'll also likely notice poor fuel efficiency in some of the older models that have a V6 engine.
What is the upper class brand of Honda?
Acura
Acura is the luxury branch of Honda; Infiniti is the luxury branch of Nissan; and Lexus is the luxury branch of Toyota.
How long do Honda Accords last?
between 200,000 to 300,000 miles
On average, Honda Accords can reliably travel between 200,000 to 300,000 miles with proper maintenance. However, numerous examples exist of Accords surpassing the 300,000-mile mark, some even reaching the astonishing 500,000-mile milestone.
What is the average life of a Honda Accord?
200,000-300,000 miles
The Honda Accord is a solid choice for longevity. With an average lifespan of 200,000-300,000 miles, it matches with the typical lifespan for the Honda manufacturer.
Is a Honda Accord considered a luxury car?
Yes! The higher trims of models like the Civic and Accord provide luxury at a more accessible price point.
Is the Honda Accord worth buying?
The Honda Accord earns our Best Buy Award for its blend of daily practicality, excellent driving manners, and outstanding overall quality. Pricing starts at $29,390.
What is so special about Honda Accord?
All Accords come standard with a suite of driver-assistance tech that Honda calls Honda Sensing. The bundle of features includes basics such as automated emergency braking and lane-departure warning, as well as convenience functions such as adaptive cruise control and traffic sign recognition.
Do Honda Accords hold their value?
A 2021 Honda Accord has depreciated $11,958 or 38% in the last 3 years and has a current resale value of $19,024 and trade-in value of $16,314. The 2021 Honda Accord is in the top 10-25% for depreciation among all 2021 Sedans.
Why is the Honda Accord more expensive?
Size: The Honda Accord is generally larger than the Honda Civic. The Accord is a mid-size car, while the Civic is a compact car. Price: The Honda Accord is generally more expensive than the Honda Civic. This is due in part to the larger size of the Accord, as well as its higher-end features and amenities.
Which is better, Accord or Camry?
More passenger volume and trunk space can be found in the 2025 Honda Accord than in the 2025 Toyota Camry. Both sedans are safe and reliable, but the Honda Accord offers more robust standard safety features and technology.
