Archives for September 2016

Honda Accord and Honda Fit Among the Best Values for Used Car Shoppers

Honda FitThe new Honda Accord and Honda Fit are both excellent values when new, but they can also be a fantastic option for anyone buying a used vehicle. In a recent Edmunds study, the experts found that now would be a good time to purchase these models, because they have actually dropped in resale value when compared to last year. When you’re finished checking out the stats, come visit us at Community Honda of Orland Park, just a short drive from Frankfort, IL.

Lower Prices and Higher Value

Edmunds.com found that small cars, including subcompact and compact cars, have dropped in price since this time in 2015. Subcompact cars, a category that includes the Honda Fit, are down in price on the used market by 6.3 percent since this time last year. That’s a serious drop in resale price for anyone shopping for an affordable subcompact.

The compact segment, which includes the Honda Civic, is down by 2 percent from this time last year. Even the midsize sedan segment, which includes the Honda Accord, has dropped by 1 percent. That’s because more and more drivers are moving toward crossover SUVs and large cars as oil prices stay low.

“If you’re a used-car shopper in the market for a small vehicle, this is a great time to buy,” said Ivan Drury, a senior analyst for Edmunds.com. “Prices are down for these vehicles because there is so much more demand for used trucks and SUVs. There are also lots of smaller cars coming back to the used-car market as people trade up into larger vehicles. So not only are prices low on used small cars, but there’s also a wide selection available.”

Visit Community Honda of Orland Park

You can find both the Honda Fit and the Honda Accord in stock at Community Honda of Orland Park. We always carry both new and used Honda models, and we’re happy to help you find a vehicle that fits your needs and your budget. Come take it for a test-drive here at 8340 W. 159th St. in Orland Park.