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A 2020 Honda CR-V has a forecasted 5 year depreciation rate of 38%.
In 5 years its value is expected to decrease approximately $11,516 from its new price of around $30,305 down to $18,789.
The Honda CR-V is a compact SUV manufactured by Honda since 1995 and it was introduced in the North American market in 1997.
It’s based on the Honda Civic platform with a SUV body. The CR-V is Honda’s mid-sized SUV, fitting in between the smaller HR-V and the larger Honda Pilot.
According to Honda, “CR-V” stands for “Comfortable Runabout Vehicle”.
The 5th gen Honda CR-V has been available since 2017 and received a facelift for the 2020 model year. In 2020 the US version comes standard with a 1.5L 4 cylinder turbocharged engine that puts out 190 horsepower. Both FWD and 4WD systems are available as well as a CR-V Hybrid with a 2.0L Atkinson-Cycle engine paired with Honda’s Integrated Motor Assist System.
Depreciation-wise, 5-year forecasted, the CR-V (45%) compares favorably with the Honda Pilot (51%) as well as the Japanese SUV average (49%).
A few comparable Japanese made SUVs that depreciate less than the CR-V are the Toyota RAV4 (44%) and the Nissan Xterra (37%) while the Subaru XV Crosstrek is equal (45%).
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Get a custom depreciation graph of a Honda CR-V based on model year and mileage driven!
Below is a historical table for the Honda CR-V that displays year by year depreciation data.
Minimize Source
By User:Two hundred percent. - Own work, CC BY-SA 3.0
47%
By Alexander Migl - Own work, CC BY-SA 4.0
45%
By Vauxford - Own work, CC BY-SA 4.0
58%
By Thomas doerfer - Own work, CC BY 3.0
55%
By EurovisionNim - Own work, CC BY-SA 4.0
51%
By Mr.choppers - Own work, CC BY-SA 3.0
50%
By IFCAR - Own work, Public Domain
56%
46%
48%
35%
By RL GNZLZ from Chile - Nissan XTerra SE 2.8 TD 2004, CC BY-SA 2.0
43%
By Kevauto - Own work, CC BY-SA 4.0
36%
21%
44%
By OSX - Own work, Public Domain
34%
41%
By U.S. National Highway Traffic Safety Administration - safercar.gov, Public Domain
38%
...
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2) BMW I8
3) Honda Civic
4) Jeep Wrangler
5) Tesla Model S
6) Honda Accord
7) Mazda CX-5
8) Jeep Grand Cherokee
9) Toyota RAV4
10) Chevrolet Corvette
11) Honda CRV
12) Land Rover Range Rover
13) Porsche 911
14) Toyota Camry
15) BMW X5
16) Porsche Macan
17) Toyota Corolla
18) Toyota Tacoma
19) Audi A4
20) Audi Q5
21) BMW X3
22) Kia Stinger
23) Porsche Cayenne
24) Subaru Outback
25) Toyota Highlander
26) Audi Q7
27) Audi R8
28) BMW M2
29) Jaguar F-Type
30) Kia Telluride