The Honda Accord is one of the most popular cars sold in the U.S. Those looking to purchase or sell this vehicle will likely check with Kelley Blue Book to see what the Honda Accord resale will be based on the car’s mileage and condition.
A Brief History of the Honda Accord
The Honda Motor Co. began manufacturing the Accord in 1976. The car was so well received that in 1982 it became the first Japanese car to be made in the United States. Many car experts have reported the Accord to be one of the most reliable cars on the market, making it possible for Honda to sell the vehicle at a higher price than other comparable sedans and maintain a good resale value. Over the years, the Honda Accord has grown in size and now has a sportier look to its exterior.
2001 Honda Accord Sedan
The 2001 Accord is reported to be one of the most popular models of the Honda automobiles. An automatic Accord DX sedan with 100,000 miles on it and no extra features can cost $3,500 to $4,600, depending on its condition. This model in “excellent condition” costs about $4,600 and will, according to Kelley Blue Book, look like it’s brand new. No body work is needed and the paint isn’t chipped or rusted. An Accord DX in this condition will also have a clean title, pass emissions tests, doesn’t have any leaks or defects and comes with documentation of all of the servicing its received. It’s very uncommon to find a used car in “excellent” condition. If the same 2001 Accord had only 50,000 miles on it, it would cost as much as $5,900.
Most used cars will fall under the “good” category, and a 2001 Accord DX with 100,000 miles on it in this condition will cost about $4,100. A car in this category will not have many chips in the paint and will only have minor dents. The tires must also be in good condition. Vehicles in “good condition” may need some work done. If this car only had 50,000 miles on it, it would cost $1,000 more.
A “fair” Accord made in 2001 with 100,000 miles on it will cost $3,500. A car in this condition will be able to work, but there’ll be visible blemishes in the paint and noticeable dents. The “fair” Accord should have a clean title, but may need its tires replaced and some mechanical or body work.
2005 Honda Accord Coupe
A 2005 Accord Coupe that has 50,000 miles on it, in “excellent condition”, will cost over $12,000. Because Hondas keep their value so well, even a 2005 coupe will sell for close to $11,000 in fair condition. The 2005 Accord Coupe with 1000,000 miles on it will still cost quite a bit of money: about $10,000 for one in excellent condition.
The bottom line when it comes to seeking the value of a Honda Accord is that it won’t be cheap. Honda believes it’s worth asking consumers to pay the price for the cars they have grown to rely on; and their customers are willing to pay that price.