Depreciation
The depreciation graph and accompanying table on our page detail how the 2011 HONDA ELEMENT'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) 2011 HONDA ELEMENT in 2011 was $11,475.
The average price for used 2011 HONDA ELEMENT nowadays in 2024 is $13,318 which is 116% from the original price.
Estimated mileage driven per year is 10,912 miles.
The graph below is a depreciation curve for 2011 HONDA ELEMENT. 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 2011 HONDA ELEMENT 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 | ||
|---|---|---|---|---|---|---|
| 2011 MSRP | 0 mi | $11,475 | — | — | 100% | 0% |
| 2024 | 152,768 mi | $13,318 | +$0 | +0% | 116.06% | -16.06% |
| 2025 | 163,680 mi | $12,812 | +$506 | +3.8% | 111.65% | -11.65% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HONDA ELEMENT’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 2011 HONDA ELEMENT. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2011 HONDA ELEMENT by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 25,000 mi | $24,999 | 11 sales |
| 35,000 mi | $18,990 | 24 sales |
| 40,000 mi | $20,990 | 30 sales |
| 45,000 mi | $18,992 | 24 sales |
| 50,000 mi | $20,990 | 43 sales |
| 55,000 mi | $17,990 | 37 sales |
| 60,000 mi | $17,505 | 39 sales |
| 65,000 mi | $17,999 | 73 sales |
| 70,000 mi | $18,556 | 65 sales |
| 75,000 mi | $16,975 | 72 sales |
| 80,000 mi | $17,580 | 76 sales |
| 85,000 mi | $14,990 | 139 sales |
| 90,000 mi | $16,992 | 130 sales |
| 95,000 mi | $13,630 | 386 sales |
| 100,000 mi | $15,456 | 122 sales |
| 105,000 mi | $14,000 | 86 sales |
| 110,000 mi | $14,989 | 110 sales |
| 115,000 mi | $13,974 | 122 sales |
| 120,000 mi | $13,988 | 111 sales |
| 125,000 mi | $13,915 | 85 sales |
| 130,000 mi | $13,250 | 86 sales |
| 135,000 mi | $12,900 | 96 sales |
| 140,000 mi | $11,998 | 71 sales |
| 145,000 mi | $12,046 | 78 sales |
| 150,000 mi | $11,997 | 64 sales |
| 155,000 mi | $11,362 | 67 sales |
| 160,000 mi | $10,995 | 57 sales |
| 165,000 mi | $10,993 | 30 sales |
| 170,000 mi | $10,500 | 36 sales |
| 175,000 mi | $9,995 | 33 sales |
| 180,000 mi | $9,993 | 14 sales |
| 185,000 mi | $11,400 | 24 sales |
| 190,000 mi | $9,998 | 24 sales |
| 195,000 mi | $10,995 | 78 sales |
| 200,000 mi | $7,995 | 12 sales |
| 205,000 mi | $6,995 | 12 sales |
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Depreciation directly affects the resale value of a 2011 HONDA ELEMENT, with faster depreciating vehicles typically having lower resale values over time.
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.
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.
Aftermarket modifications can affect the depreciation of 2011 HONDA ELEMENT either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Other years of HONDA ELEMENT
2004 HONDA ELEMENT
$7,500 average used price
4,500+ sales records
2005 HONDA ELEMENT
$7,999 average used price
5,200+ sales records
2008 HONDA ELEMENT
$9,994 average used price
5,800+ sales records
2009 HONDA ELEMENT
$12,094 average used price
2,000+ sales records
2010 HONDA ELEMENT
$12,812 average used price
3,800+ sales records
2016 HONDA ELEMENT
20+ sales records
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2011 HONDA ELEMENT on BADVIN
