2023 Honda Accord Depreciation
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2023 Honda Accord
A 2023 Honda Accord has depreciated $4,525 or 15% in the last 2 years and has a current resale value of $23,865 and trade-in value of $21,253.
A 2023 Honda Accord has depreciated $4,525 or 15% in the last 2 years and has a current resale value of $23,865 and trade-in value of $21,253.
The 2023 Honda Accord is in the top 10-25% for depreciation among all 2023 Sedans.
2023 Honda Accord Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | - | $28,390 | $28,390 | ||
2024 | $4,556 | $23,834 | $21,067 | ||
Now | + $31 | $23,865 | $21,253 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2023 Honda Accord Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Managing 2023 Honda Accord Depreciation
Get the most out of your car when it's time to sell or trade. Check out our expert tips below to minimize depreciation and help keep your car's value higher.
Driving Habits
Maintenance and Upkeep
Service Advisor
Our specialized Service Advisor pages are tailored to your car's make and model, helping you stay on top of maintenance schedules, receive recall alerts, and more.
FAQs
According to Kelley Blue Book, a 2023 Honda Accord depreciated about 15% over the last three years. Generally the 2023 Honda Accord is in the top 10-25% for depreciation among all 2023 Sedans. However, depreciation can vary depending on vehicle condition and mileage.
According to Kelley Blue Book, the 2023 Honda Accord is in the top 10-25% for depreciation among all 2023 Sedans. Over the last 3 years it retained 85% of its value.
A 2023 Honda Accord has depreciated an average of about $1,508 per year for the last 3 years. It has dropped a total of $4,525 in value in that time and has a current resale value of $23,865 and a trade-in value of $21,253. Generally the 2023 Honda Accord is in the top 10-25% for depreciation among all 2023 Sedans.
A 2023 Honda Accord has depreciated 15% in the last 3 years and has a resale value of $23,865. Overall, the 2023 Honda Accord is in the top 10-25% for depreciation among all 2023 Sedans.
A 2023 Honda Accord has depreciated 15% over the last 3 years on average. There are various factors that can impact this, however, including vehicle condition, mileage, and your location.