Honda Accord Depreciation & Resale Value

The 2023 Accord is our best all-around pick in this market snapshot. It begins the 11th generation, yet its median asking price is $478 less than the 2022 and its sample averages about 21,579 fewer miles. That is a compelling price-to-generation step, not a promise that every 2023 is the better car. Match the exact gas or hybrid trim, equipment, accident history, service records, and local asking price. A well-kept 2022 can still beat a poorly represented 2023, so compare several real listings and inspect the finalist before buying.

The 2015 Accord LX is the clearest starting point in our current data, with a median ask around $13,989 and average mileage near 118,463. Its appeal is straightforward purchase price, not newer-generation technology. At this age, condition dominates the model-year spreadsheet. Review maintenance history, inspect for collision repair and corrosion, scan all modules for stored faults, and keep part of the budget for near-term service. A more expensive documented car can cost less to own than the cheapest listing.

In this snapshot, the 2020 has the stronger numbers: its median ask is $952 more than the 2019 and its listings average about 8,681 fewer miles. Both belong to the same tenth generation, so the comparison is cleaner than crossing a redesign boundary. Still, the observed gap is small. Match trim, powertrain, mileage, accident history, tires, service records, and seller fees. Use the 2020 as the first search filter, then let the condition and total transaction price choose the specific car. Check whether dealer add-ons erase the modest advertised-price advantage before deciding.

The current data favors 2023: the all-trim median is $478 less than 2022 while average mileage is about 21,579 miles lower. The 2023 also starts the 11th generation, so the cars are not simply one model year apart. Compare exact trims because the gas and hybrid lineup changed, and check warranty start dates and prior use. If a like-for-like 2023 remains similarly priced after fees, it is the stronger value; a discounted, cleaner 2022 can still win on the actual deal.

The cross-year listing average cannot answer that cleanly because Accord hybrid inventory skews newer and the hybrid role expands in the 2023 generation. A lower raw depreciation percentage may be measuring age and trim mix rather than buyer preference for the powertrain. Compare gas and hybrid examples from the same year with similar original MSRP, equipment, mileage, condition, and history. Then estimate fuel savings using your annual miles and local prices, and document warranty timing. That combined ownership calculation is more useful than declaring one powertrain the universal resale winner.

27.9% of Accord listings in this dataset are above 100,000 miles, while cars at 120,000 miles or more have a median ask around $13,484. That share is partly shaped by our 2015-2026 year coverage and should not be treated as a survival rate. A high-mileage Accord can make sense with complete records, a clean structural inspection, and a price that leaves room for wear items. Ask the inspector to identify near-term work in dollars; deferred maintenance can erase the initial savings quickly.

Our mileage-adjusted fitted curve estimates about 22.6% depreciation after five years, leaving roughly 77.4% of original value. The estimate uses 2,486 current listings across multiple model years and adjusts asking prices toward an estimated sale price. It is a model-level trajectory, not a valuation for a specific VIN. Purchase price, generation, gas or hybrid powertrain, trim, mileage, condition, accident history, location, and the market when you sell can all move the result. Calculate your likely dollar loss from the price you actually negotiate.