It probably has more to do with the mileage on the trade-in right now. My 2019 Honda accord sport only had 19,000 miles because I was working from home. And they gave me $4000 more than I paid for the car three years ago.

 

My car has 11,500 miles right now. Your car is in good demand compare to the ES300h. Furthermore the price point helps. Fully loaded ES300h is 2X the price of a Accord sport before the pandemic.

 

Shocking, isn't it?

 

I wouldn't be surprised if the Accord Sport joins the long line of Honda models that don't sell spectacularly when new, but become more and more revered once you can only get them used. The list is long: original NSX, Prelude, original Integra, various Civic Si's, Element, 3rd gen (beak-nose) TL, and on and on.

 

Honda resale in general has always seemed to be strong. Several years back, my wife had decided she wanted a CRV (big mistake but happy wife, happy life) - needless to say she hated it after six months so wound up trading it and barely took a haircut from the price paid new.

 

I'm not sure what the situation is with the surge in used car prices for the last 6-8 months, but, typically in the past, the value of a used late model ES has gone down by about $1000 for every 9000 miles on the odometer.

 

Most owners like those pretty well. They seem well tailored to their audience — I know two owners, neither car fans, who are delighted with theirs. Out of curioslty, what about it did she hate?

 

The noisiest car ever, awful center stack for infotainment, horrible CVT and just the general feeling of economy. Nothing wrong with that but it just wasn't her cup of tea.

 

Used car prices are TOO DAMN HIGH.

2019 ES 350s with Nav and ML priced at 44-45K…screw that.

New 2022 ES 350 with Android Auto and Apple CarPlay plus first year of touch at MSRP of 45K is the way to go

 

No doubt. In the summer of 2020 I bought a gently used 2019 ES300h luxury fully loaded with options for $40k with 6k miles on the odometer. New the msrp was about $54k.

 

Timing is everything in this life.

 

Crazy market indeed. Carmax gave me $28k for my '16 M235i with 52k on the ticker. I paid $26k THREE years ago when it had 8k miles on it LOL.

 

I have a family member that is a finance manager for Toyota dealer locally and they are expecting this price model to continue through 2022 and into 2023. If that’s the case we may seem prices go up even more before they start to come back down.

 

Of course they want it to go on indefinitely

 

As a bi-product of the increases in car prices, we can expect to see increases in our insurance premiums. Whether it is the result of a car theft or the car being totaled because of a collision or comprehensive claim, the cost of replacing a car will be rising, which, in turn, will result in higher insurance costs. I also suspect that, as a result of supply chain issues with replacement parts, even the cost of less severe collision repairs will be going up, and that will also result in bumping up insurance premiums to a higher level.