Resale Value....what happened!!!

[jason60051]

I have a 2009 Honda Civic Hybrid with Leather and Navi and for some reason the resale value has plummeted...has anyone seen this?

['06Siguy]

Originally Posted by jason60051

I have a 2009 Honda Civic Hybrid with Leather and Navi and for some reason the resale value has plummeted...has anyone seen this?

It's a year old. I would expect it do go down quite a bit. How much did it go down?

[FijiBlueFG2HT]

Shoulda bought a non-Hybrid.

There is not a big market for used hybrids, since they're so expensive to begin with. If it comes down to it, the consumer is going to choose a new non-hybrid, over a used hybrid, every single time.

[gkit19986]

same thing happened with my si tho.. bought my si off the lot for 19700 .

if i wanted to trade it in, dealerships is offering me 13500 for the car, i got less than 12500 miles .. freaking sicck.
my moms 03 civic si with a MAJOR ACCIDENT 12000 price tag to fix was priced for 7000$ as a trade in value with 53k miles on it. NOW tell me whts wrong with this pic.?

[Fiji_Blue_FG2]

I've noticed this as well with my 06 Si.
The market in general, while in recovery proven by many factors, still creates low pricing.


My friends mom just bought a 6month old Nissan Altima Coupe. This car is loaded. It has the 350z engine, heated leather seats, painted mudflaps, spoiler, dual exhaust, factory in dash navi, 6spd automatic, and its black. She only paid $21000.

Dont know about your location, but car dealerships around here have cut prices big time.

[djpaw]

Cuz of the economy, the used prices for all our cars has gone down considerably. Specially at trade in. KBB / Edmund values are no longer good.

You can get Si's and Ex's almost at the same price.

All over the country, newer cars are cheaper too.......

Ive been meaning to upgrade to a bmw, but the trade in on the civics are so bad, unlike before, that im loosing so much money that its not worth it. Rather just hold on to your car.

Even Private party values have plummeted, since people can get it from the dealer at a cheaper price.

[lithosphere]

yea I was looking to trade mine in this past fall, but the offer was too low (11g) originally paid 35g's in 06 one minor fender bender. I was hoping to get at least 16 for it. But I figure I'll just hold onto it and just buy brand new later.

[DanLexani]

yeah i dont think it matter much which model it is anymore.....its a sign of the economy.

[GoHuskies]

Hey look on the bright side. You don't own a Saab.

[SixersFan64]

economy


/endthread

[Fiji_Blue_FG2]

Originally Posted by SixersFan64

economy


/endthread

couldnt say it better. put it this way, at least your not in this situation with your house. owing 300,000 on a house currently valued at 100,000.

[Fiji_Blue_FG2]

could own a pontiac or some other domestic with a somewhat questionable warranty contract. I'll take a make with a higher resale value any day.

[mt3c]

economy is the biggest reason.

gas prices is the 2nd reason. when economy gets better, gas prices will go up also, hybrids will be popular again.

[exbauer]

Originally Posted by mt3c

economy is the biggest reason.

gas prices is the 2nd reason. when economy gets better, gas prices will go up also, hybrids will be popular again.

Gone are the days of flipping a hybrid and making money. When the economy gets better and gas is close to $4/gallon your resale value will go back up. Better than a non-hybrid.

[jlob85]

I dont know why people keep mentioning trades, dealer never (ok maybe rarely) give you a good deal on a trade-in.
While it's true that values have dipped a little, hybrid resale isnt great. I wouldnt be comfortable buying a used one at all because of the extra parts on the car that I dont know a ton about, especially the batteries.

[Leonard1818]

A cars depreciation is NOT linear. If you try to sell within the first year (sometimes 2) you will lose more than if you just hang on to it.

Plus, like everyone else says, a Hybrid Civic is not in high demand especially since the Insight is out and the CR-Z is coming soon. If gas prices go back up, sell it then!

[magmet_dc5]

I just looked at it today and it sucks.

I guess because all the incentives last year applied to Hybrids as well it affected the resale. Promotions typically hurt your resale value. Gas prices are supposed reach record highs this year so that may help; of course you probably won't want to sell it then.

[booYA]

hybrid battery technology = giant paperweight once battery useful life is done... Id be wary about resale on all hybrids... id be wary about buying one since the premium is more than the lifetime expected savings on gas...


Its a product for the uneducated liberal masses who want to get ripped off so they can pat themselves on the back for 'saving the environment' whatever that means.

[fecurtis]

Cars like the hybrid and SI don't have the demand as something like your run of the mill LX or EX Civic. If you had a Prius or something, it'd be a little different...well maybe not anymore due to Toyota's negative press as of late.

Economic recovery does not mean that gas prices will go back up. They might, but don't look to expect $4/gallon for gas in the foreseeable future. That price increase had nothing to do with economic conditions (especially since the economy was already at a downturn to begin with), but rather due to investors throwing their money into the oil futures market thinking it was a safe hedge against the declining value of the dollar...as we all know now, it wasn't and what happened with the oil market was the same as what happened with the housing bubble...it popped, investors pulled out and prices came crashing down.

[Tommyboy]

If you think the resale value of a hybrid car is bad, try a motorcycle!

I bought my wife's Highlander Hybrid Limited off a dealer on eBay for $8000 below MSRP It was just 4 months old with 8,000 miles. Now, that is a 20% drop in 4 months! (Whoo hoo for me, Boo hoo for the previous owner).

The Insight sucks compared to the Civic. The only thing it has over the HCHII is the drop down rear seats.