2021 Honda Accord Stands Out for Strong Value Retention
The 2021 Honda Accord continues to rank among the strongest performers for resale value, with Kelley Blue Book (KBB) reporting that the base LX trim retains 76% of its original value after five years. That performance significantly outpaces the average depreciation for a new vehicle over the same period, according to KBB.
2021 Honda Accord Shows Low Five-Year Depreciation
According to Kelley Blue Book, the 2021 Honda Accord LX has depreciated by just 24% after five years. With an original manufacturer’s suggested retail price (MSRP) of $25,985, KBB estimates the model’s current resale value at $19,750.
KBB notes that the average new vehicle loses approximately 55% of its value over five years, making the Accord LX’s performance particularly notable.
Other valuation sources provide slightly different estimates. iSeeCars reports that the 2021 Honda Accord depreciates by a little more than 30% over five years, while CarEdge estimates overall five-year depreciation at 36.3% across all Accord trims.
Depreciation Varies Across Accord Trims
KBB’s trim-specific data shows the base 192-horsepower Accord LX records the lowest depreciation in the lineup.
At the opposite end, the 252-horsepower Accord Touring experiences the highest depreciation at 37.5%, with a current estimated resale value of approximately $23,700.
KBB reports depreciation of 30.6% for the Sport trim, 33.3% for the Sport SE, and 36.2% for the EX-L. The publication does not provide a depreciation estimate for the Sport 2.0T, though the article notes that its pricing positioned it between the EX-L and Touring trims.
Honda equipped the LX, Sport, Sport SE, and EX-L with a 1.5-liter turbocharged inline-four engine paired with a continuously variable transmission (CVT). The top two trims featured a 2.0-liter turbocharged inline-four engine matched to a 10-speed automatic transmission.
How the 2021 Honda Accord Compares With Rivals
According to iSeeCars, the 2021 Honda Accord outperformed the overall midsize car and midsize sedan segments in five-year depreciation.
Kelley Blue Book estimates the 2021 Toyota Camry LE depreciated by 32.4% over the same five-year period, while the base 2021 Hyundai Sonata SE depreciated by 44%.
Based on these figures, the Accord LX retains a greater percentage of its value than both competing midsize sedans.
Award-Winning Midsize Sedan
In addition to its resale value, the 2021 Honda Accord received multiple industry recognitions. Kelley Blue Book ranked it among the best midsize sedans for 2021 and awarded it the 2021 Best Buy Award.
U.S. News & World Report placed the Accord first in the Affordable Midsize Cars category and named it the Best 2021 Midsize Car for Families.
The sedan also earned a place on Car and Driver’s 10Best list. The publication described it as “a reasonably priced, generously sized four-door that offers the refinement of a luxury car, the precise moves of an upmarket sedan, and the sensibility of, well, a Honda.”
According to the reported depreciation figures and industry evaluations, the 2021 Honda Accord remains one of the strongest value-retaining midsize sedans, with the base LX trim delivering the lowest depreciation in the lineup over five years.
