- Consumer Reports and Kelley Blue Book advise consumers on car purchasing strategies and provide online pricing guides for buyers.
- Market trends affecting EV pricing power are being analyzed, utilizing market pricing data for new vehicles involving Boyce, Telemetry, and Kelley Blue Book.
- Automakers, including Hyundai, Honda, and Kia, are facing market shifts leading to the dropping of EV models, with sales trends being tracked in the Philadelphia region.
Kelley Blue Book estimates depreciation rates for Honda models
What happened
Kelley Blue Book estimates that new vehicles lose roughly 30% of their original value within two years of purchase. After that initial period, the value is estimated to continue depreciating by 8% to 12% every year. This valuation analysis is part of tracking market trends in vehicle pricing.
From slashgear.com
Why it matters
These depreciation estimates directly influence the valuation of used vehicles in the market. This information is utilized by market trackers to analyze overall trends in vehicle pricing and consumer purchasing behavior.
Automakers, including Honda, are facing market shifts that are leading to the dropping of EV models, and market trends affecting EV pricing power are being analyzed.
From slashgear.com
Who's involved
- Kelley Blue BookProvides estimates for the depreciation value of Honda models.
- HondaManufacturer whose models are subject to depreciation estimates.
- Cox AutomotiveOwns the Kelley Blue Book platform.
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The entities involved
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Honda
manufacturer of automobiles, motorcycles, and power equipment
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Kelley Blue Book
an Irvine, California-based vehicle valuation and automotive research company