Depreciation
The depreciation graph and accompanying table on our page detail how the 1988 HONDA ACCORD's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 1988 HONDA ACCORD in 1988 was $27,995.
The average price for used 1988 HONDA ACCORD nowadays in 2024 is $0 which is 0% from the original price.
Estimated mileage driven per year is 9,436 miles.
The graph below is a depreciation curve for 1988 HONDA ACCORD. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 1988 HONDA ACCORD in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 1988 MSRP | 0 mi | $27,995 | — | — | 100% | 0% |
| 1988 | 9,436 mi | $28,199 | −$204 | −0.73% | 100.73% | -0.73% |
| 1989 | 18,872 mi | $27,989 | +$210 | +0.74% | 99.98% | 0.02% |
| 1990 | 28,308 mi | $27,563 | +$426 | +1.52% | 98.46% | 1.54% |
| 1991 | 37,744 mi | $25,500 | +$2,063 | +7.48% | 91.09% | 8.91% |
| 1992 | 47,180 mi | $23,599 | +$1,901 | +7.45% | 84.3% | 15.7% |
| 1993 | 56,616 mi | $22,393 | +$1,206 | +5.11% | 79.99% | 20.01% |
| 1994 | 66,052 mi | $20,997 | +$1,396 | +6.23% | 75% | 25% |
| 1995 | 75,488 mi | $17,995 | +$3,002 | +14.3% | 64.28% | 35.72% |
| 1996 | 84,924 mi | $16,995 | +$1,000 | +5.56% | 60.71% | 39.29% |
| 1997 | 94,360 mi | $15,395 | +$1,600 | +9.41% | 54.99% | 45.01% |
| 1998 | 103,796 mi | $14,300 | +$1,095 | +7.11% | 51.08% | 48.92% |
| 1999 | 113,232 mi | $13,457 | +$843 | +5.9% | 48.07% | 51.93% |
| 2000 | 122,668 mi | $10,995 | +$2,462 | +18.3% | 39.27% | 60.73% |
| 2001 | 132,104 mi | $9,995 | +$1,000 | +9.1% | 35.7% | 64.3% |
| 2002 | 141,540 mi | $9,569 | +$426 | +4.26% | 34.18% | 65.82% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HONDA ACCORD’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 1988 HONDA ACCORD. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1988 HONDA ACCORD by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|
Frequently asked questions
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Other years of HONDA ACCORD
1999 HONDA ACCORD
$4,696 average used price
4,600+ sales records
2009 HONDA ACCORD
$8,995 average used price
51,800+ sales records
2015 HONDA ACCORD
$15,395 average used price
119,800+ sales records
2017 HONDA ACCORD
$17,995 average used price
247,000+ sales records
2018 HONDA ACCORD
$20,997 average used price
275,800+ sales records
2020 HONDA ACCORD
$23,599 average used price
213,800+ sales records
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1988 HONDA ACCORD on BADVIN
