A 2024 Honda Pilot depreciates about $4,600 to $5,800 per year in the first few years. Year one sees the steepest drop: 23% or $8,800 off a $38,000 MSRP.
Honda Pilots hold value well compared to other midsize SUVs. They lose about 48% over five years, better than the 50% average for the segment. Depreciation starts fast, then slows as the vehicle ages.
Here is an estimated yearly breakdown from a $38,000 starting price:
| Year | Est. Depreciation | Est. Resale Value |
|---|---|---|
| 1 | $8,800 (23%) | $29,200 |
| 2 | $4,000 | $25,200 |
| 3 | $3,000 | $22,200 |
| 4 | $2,500 | $19,700 |
| 5 | $2,500 | $17,200 |
These figures use mid-range estimates. Actual yearly losses in years 2 to 5 range from $2,500 to $6,000. Values change with trim level, mileage, condition, and local markets.
Several factors speed up or slow your Pilot's depreciation:
- Mileage: High miles drop value quick. Stick to 12,000 miles per year to help.
- Condition: A clean history with no big repairs boosts demand.
- Maintenance: Full records and timely service lift resale prices.
- Trim and options: Popular trims and useful add-ons sell faster.
- Market shifts: Fuel costs, SUV demand, and supply affect prices.
- Model changes: New refreshes can lower prices on older models.
You can cut depreciation with these steps:
- Stick to Honda's service schedule. Keep all receipts for proof.
- Reduce wear. Rotate tires often, fix dents and chips right away, and detail the car twice a year.
- Control miles. Combine trips and skip idle time. Sell or trade before 60,000 to 75,000 miles.
- Pick smart specs. Go for neutral colors and common features that buyers want.
- Skip big mods. Stay stock or keep original parts for resale.
- Check value every three months. Sell fast if the market heats up.
Use Sidekick to track your Pilot's current value and get alerts for the best time to sell.