Is it better to sell my used 2023 Honda Civic now or wait for the market to improve?
Sell your 2023 Honda Civic now. Resale value stands at $18,650. Trade-in value hits $17,800. These numbers beat future drops.
Your Civic lost $6,195, or 24%, in three years. It started at $24,845 in 2023. Value fell to $21,329 in 2024. It dropped to $20,179 in 2025. Now it sits at $18,650 after a $1,529 decline this year. Kelley Blue Book predicts steady drops ahead. Edmunds sees $17,981 by 2027, down $669 from today.
Civics hold value better than most cars. They rank in the top 10-25% for 2023 sedans. After five years, expect $19,528 resale, or 71% of original value. Compact cars lose 65% on average. Civics lose just 29%. Your three-year-old model took the big hit already. Drops slow now, but values still fall each year.
In 01760 (Marlborough, MA), buyers seek reliable cars like Civics. Local demand holds strong. The used car market peaked in 2023. High interest rates slow sales now. Forecasts predict no rebound in 2026. Gas prices stay steady. The shift to electrics hurts gas sedans less for Civics due to their reputation.
See how values changed:
| Year | Resale Value | Annual Drop |
|---|---|---|
| 2023 | $24,845 | - |
| 2024 | $21,329 | $3,516 |
| 2025 | $20,179 | $1,150 |
| 2026 | $18,650 | $1,529 |
| 2027 | $17,981 | $669 |
New Civics lose 27.9% in five years, down to $17,488. Yours holds 81.64% value at three years. The market shows no quick improvement. Sell now to lock in top value.
Action steps:
- Check your trim, miles, and condition on kbb.com or edmunds.com for exact value.
- Get quotes from CarMax, Vroom, or Marlborough dealers.
- List for private sale at $18,650 if you have a clean title and low miles.
- Compare costs to lease a newer Civic.
Waiting risks $1,000+ loss by 2027. Use Sidekick to track ownership costs against selling now.
Civics depreciate slower than average. Act fast to get the best price.