Honda CR-V Depreciation
Honda CR-V Depreciation Rate
5 Year Depreciation Rate
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.
| Make / Model | Initial MSRP | Forecasted Depreciation Rate | Forecasted Value Change In 5 Years | Residual Value In 5 Years |
|---|---|---|---|---|
| Honda CR-V | $30,305 | 38% | $11,516 | $18,789 |
The Honda CR-V is a compact SUV manufactured by Honda since 1995 and it was introduced in the North American market in 1997.
It’s based on the Honda Civic platform with a SUV body. The CR-V is Honda’s mid-sized SUV, fitting in between the smaller HR-V and the larger Honda Pilot.
According to Honda, “CR-V” stands for “Comfortable Runabout Vehicle”.
The 5th gen Honda CR-V has been available since 2017 and received a facelift for the 2020 model year. In 2020 the US version comes standard with a 1.5L 4 cylinder turbocharged engine that puts out 190 horsepower. Both FWD and 4WD systems are available as well as a CR-V Hybrid with a 2.0L Atkinson-Cycle engine paired with Honda’s Integrated Motor Assist System.
Depreciation-wise, 5-year forecasted, the CR-V (45%) compares favorably with the Honda Pilot (51%) as well as the Japanese SUV average (49%).
A few comparable Japanese made SUVs that depreciate less than the CR-V are the Toyota RAV4 (44%) and the Nissan Xterra (37%) while the Subaru XV Crosstrek is equal (45%).
Honda CR-V Depreciation Curve
Current Retained Value Percentage VS. Model Year
Gaps in data could indicate no model released for that year.
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Honda CR-V Historical Depreciation Table
Below is a historical table for the Honda CR-V that displays year by year depreciation data.
| Model Year | Price When New | (%) Current Depreciation | ($) Current Depreciation | Current Residual Value |
|---|---|---|---|---|
| 2020 | $30,305 | 18% | $5,423 | $24,882 |
| 2019 | $29,300 | 6% | $1,738 | $27,562 |
| 2018 | $29,750 | 11% | $3,392 | $26,358 |
| 2017 | $29,445 | 21% | $6,087 | $23,358 |
| 2016 | $27,978 | 32% | $8,861 | $19,117 |
| 2015 | $28,403 | 38% | $10,824 | $17,579 |
| 2014 | $28,063 | 46% | $12,909 | $15,154 |
| 2013 | $27,738 | 49% | $13,692 | $14,046 |
| 2012 | $27,438 | 58% | $15,792 | $11,646 |
| 2011 | $24,695 | 61% | $15,090 | $9,605 |
| 2010 | $25,795 | 64% | $16,551 | $9,244 |
| 2009 | $25,845 | 68% | $17,540 | $8,305 |
| 2008 | $24,200 | 69% | $16,717 | $7,483 |
| 2007 | $23,900 | 72% | $17,142 | $6,758 |
| 2006 | $22,686 | 76% | $17,148 | $5,538 |
| 2005 | $22,532 | 77% | $17,432 | $5,100 |
| 2004 | $19,925 | 79% | $15,725 | $4,200 |
| 2003 | $20,180 | 81% | $16,260 | $3,920 |
| 2002 | $20,080 | 82% | $16,420 | $3,660 |
| 2001 | $20,350 | 84% | $17,025 | $3,325 |
| 2000 | $19,890 | 80% | $15,850 | $4,040 |
| 1999 | $19,790 | 80% | $15,825 | $3,965 |
| 1998 | $19,590 | 80% | $15,700 | $3,890 |
| 1997 | $19,900 | 81% | $16,175 | $3,725 |
Forecasted "5 Year Depreciation" Of A 2020 Honda CR-V Vs. Comparables
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