Honda Accord for sale in Mumbai (India)

Are you looking to buy (or sell) a Honda Accord in Mumbai? Vehiclus studied the local used car market of all towns in India to determine a pricing profile of various Honda models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Accord (or to be certain to not be overcharged when purchasing a Honda Accord) it is useful to know all price-determining factors.

Supply and Demand of Honda Accord on the local auto market

Mumbai is a city with currently 12691836 inhabitants. Nevertheless, there are usually not many Honda Accord for sale on the market. Therefore, the supply is low and the demand depends on various of parameters for example car model reputation, mileage, and reliability.

Price Devaluation Curve of the Accord in Mumbai

As seen below, cars of the manufacturer Honda and especially of the model Accord depreciate in a very normal manner. The average asking price of the Accord will be lowered by up to 14% ($19,124) after only one year. After 3 years, the car usually goes for only 60% of its initial selling price ($13,844) while it will only be worth 27% of the original price after 7 years ($6,303). The Accord's value after twelve years is only 11% of its first price depending on its condition of course.

Depreciation according to mileage

Another way to describe vehicle depreciation is to examine the loss of value vs miles driven. The Honda Accord depreciation curve below shows this phenomenon for Mumbai. The Accord looses most of its resell price (approximately 47%) within the first 30k km of its mileage. The average price for a Accord at that usage level is approximately $12,204. After that the devaluation slows down: at 90k kilometers the Honda Accord is valued for $7,148 in Mumbai and for $3,625 at 180k km of mileage.

Honda Accord price depending on condition (fair, good, excellent)

The last value that heavily determines the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the deflation of a Honda Accord according to its year and its condition.

Vehicle Year	Honda Accord Condition
	fair	good	excellent
2017	$13,360	$17,752	$22,144
2016	$11,749	$15,611	$19,474
2015	$10,252	$13,622	$16,992
2014	$8,869	$11,785	$14,701
2013	$7,601	$10,099	$12,598
2012	$6,447	$8,566	$10,685
2011	$5,407	$7,184	$8,962
2010	$4,481	$5,954	$7,427
2009	$3,670	$4,876	$6,083
2008	$2,973	$3,950	$4,927
2007	$2,390	$3,176	$3,961
2006	$1,921	$2,553	$3,185
2005	$1,567	$2,082	$2,598
2004	$1,327	$1,764	$2,200
2003	$1,201	$1,597	$1,992
2002	$1,190	$1,581	$1,973