Why Values for Honda Civic Hybrids Are Softening Faster Than Non-Hybrid Models

Within the past year, Kelley Blue Book noticed auction values for late-model Honda Civic Hybrids have declined at a faster pace than their non-hybrid counterparts.

The result of this faster depreciation is now a larger number of the Honda Civic Hybrid variants are cheaper to own. Analysts made that assertion in KBB’s September Blue Book Market Report — Used Car Edition.

Despite the Honda Civic Hybrid costing around $5,500 more on average than its Civic counterparts, KBB indicated the Honda Civic Hybrid from the 2003 through 2006 model years all fall below the cost of the Civic LX.

In terms of auction value, analysts pointed out the 2007 model-year Civic Hybrid costs only $100 more than the Civic LX model, and the 2008 model year for both the Civic Hybrid and Civic LX cost the same at $8,200 each.

“This reiterates the understanding that consumers are not willing to pay the money for older hybrid models and there is still a slight uncertainty in the market around hybrid vehicles in regard to how they depreciate and what the maintenance factors will be as the vehicle ages,” analysts said.

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