Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 HONDA HR-V'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) 2020 HONDA HR-V in 2020 was $25,465.
The average price for used 2020 HONDA HR-V nowadays in 2024 is $20,997 which is 82% from the original price.
Estimated mileage driven per year is 10,178 miles.
The graph below is a depreciation curve for 2020 HONDA HR-V. 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 2020 HONDA HR-V 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $25,465 | — | — | 100% | 0% |
| 2020 | 10,178 mi | $27,168 | −$1,703 | −6.69% | 106.69% | -6.69% |
| 2021 | 20,356 mi | $24,716 | +$2,452 | +9.03% | 97.06% | 2.94% |
| 2022 | 30,534 mi | $22,737 | +$1,979 | +8.01% | 89.29% | 10.71% |
| 2023 | 40,712 mi | $21,768 | +$969 | +4.26% | 85.48% | 14.52% |
| 2024 | 50,890 mi | $20,997 | +$771 | +3.54% | 82.45% | 17.55% |
| 2025 | 61,068 mi | $19,995 | +$1,002 | +4.77% | 78.52% | 21.48% |
| 2026 | 71,246 mi | $18,495 | +$1,500 | +7.5% | 72.63% | 27.37% |
| 2027 | 81,424 mi | $17,488 | +$1,007 | +5.44% | 68.67% | 31.33% |
| 2028 | 91,602 mi | $15,995 | +$1,493 | +8.54% | 62.81% | 37.19% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HONDA HR-V’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 2020 HONDA HR-V. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 HONDA HR-V by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $25,359 | 16 sales |
| 5,000 mi | $23,441 | 161 sales |
| 10,000 mi | $23,810 | 497 sales |
| 15,000 mi | $23,308 | 800 sales |
| 20,000 mi | $22,850 | 1,029 sales |
| 25,000 mi | $22,599 | 1,145 sales |
| 30,000 mi | $22,400 | 1,038 sales |
| 35,000 mi | $21,995 | 909 sales |
| 40,000 mi | $21,500 | 604 sales |
| 45,000 mi | $21,499 | 409 sales |
| 50,000 mi | $19,998 | 256 sales |
| 55,000 mi | $20,000 | 194 sales |
| 60,000 mi | $19,500 | 130 sales |
| 65,000 mi | $19,844 | 110 sales |
| 70,000 mi | $19,721 | 65 sales |
| 75,000 mi | $18,995 | 79 sales |
| 80,000 mi | $17,996 | 24 sales |
| 85,000 mi | $17,971 | 32 sales |
| 90,000 mi | $17,999 | 15 sales |
| 95,000 mi | $17,900 | 11 sales |
Frequently asked questions
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Depreciation directly affects the resale value of a 2020 HONDA HR-V, with faster depreciating vehicles typically having lower resale values over time.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
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.
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.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Other years of HONDA HR-V
2017 HONDA HR-V
$17,488 average used price
47,800+ sales records
2018 HONDA HR-V
$18,495 average used price
59,700+ sales records
2021 HONDA HR-V
$21,768 average used price
75,500+ sales records
2022 HONDA HR-V
$22,737 average used price
66,600+ sales records
2023 HONDA HR-V
$24,716 average used price
1,200+ sales records
2024 HONDA HR-V
$27,168 average used price
4,800+ sales records
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2020 HONDA HR-V on BADVIN
