2024 Honda sms:+16502469739&body=Hey Sidekick! I&

Note: the vehicle name in the request was garbled, so this analysis uses the 2024 Honda CR-V as the closest match. Honda has recently ranked as a top mainstream brand for retained value, and the CR-V is one of the models cited for that strength.

Value Summary

The 2024 Honda CR-V’s estimated current market value is about $25,500, based on Kelley Blue Book’s 2026 appraisal data. CarEdge lists the 2024 CR-V’s starting value at about $29,883, which puts total depreciation at roughly $4,383, or about 14.7% from new. That works out to an average depreciation rate of about 7.4% per year over the first two years, which is much gentler than the typical new-car pattern.

Depreciation Curve Analysis

The 2024 CR-V has followed a relatively soft depreciation curve for a mainstream SUV. KBB reports a resale value around $25,500 after roughly two years, while CarEdge’s model shows the CR-V retaining most of its value into later ownership years. By contrast, a broad Honda benchmark from CareEdge suggests 2024 Honda vehicles as a group typically retain about 76.9% of original value, reflecting the brand’s strong resale reputation.

The steepest depreciation period is still the first 12 to 24 months, which is common across most vehicles, but the CR-V loses value more slowly than the average crossover because demand stays high and supply is usually tight. Honda’s broader brand position in residual-value rankings supports that slower curve.

Value Retention Factors

• Strong brand reputation: Honda has been recognized as a leading mainstream brand for retained value, which supports pricing for used CR-Vs.
• High market demand: The CR-V is a core Honda volume model, and strong shopper demand tends to protect resale values.
• Efficient ownership costs: Hondas are widely viewed as reliable, low-cost-to-own vehicles, which helps keep used-market demand healthy.
• Mileage sensitivity: Higher mileage will still pressure value, but the CR-V generally absorbs mileage better than many competitors because buyers expect longevity and practicality.
• Condition matters: Clean service history, accident-free records, and well-kept interiors can materially improve resale outcomes, especially in a popular SUV segment.

Future Value Projections

If depreciation continues at a moderate Honda-typical pace, the 2024 CR-V is projected to be worth about $23,800 in one year, $20,800 in three years, and $17,500 in five years. The best time to sell is usually before the vehicle crosses into the higher-mileage middle years, when the steepest early depreciation has already passed but wear-and-tear has not yet become a major pricing penalty.

Comparison to Competitors

Compared with the broader new-car market, Honda vehicles generally hold value better than average, and the CR-V is one of the brand’s stronger performers. In the compact SUV class, that usually makes it a safer depreciation choice than many mainstream alternatives, especially if resale value matters more than feature count or discounting.

If value retention is the top priority, other Honda models with strong residual reputations include the Civic, Accord, and Passport, which Honda has highlighted in residual-value recognition programs. Among non-Honda alternatives, shoppers typically look for similarly in-demand, reliability-focused SUVs with low supply volatility and strong name recognition.

Bottom Line

The 2024 Honda CR-V is a solid depreciation choice for buyers who want predictable value retention and strong resale demand. Its depreciation curve is gentler than average, especially once the first two years are past, and Honda’s brand-wide residual strength helps support pricing throughout the ownership cycle.