Are you in the market to buy (or sell) a Honda Civic in Mumbai? Vehiclus analyzed the used auto market of all metropolitan areas 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 Civic (or to be certain to not overpay when purchasing a Honda Civic) it is of value to learn all price-determining factors.
Mumbai is a town with a current population of 12691836 people. However, there are usually not many Honda Civic for sale on the market. That's why the supply is little and the demand depends on various of factors such as car model reputation, brand popularity, and used car pricing.
As shown below, cars of the manufacturer Honda and specially of the model Civic devaluate in a very normal way. The average selling price of the Civic will be decreased by 13% ($17,217) after just 1 year. After 3 years, the car usually is valued at 63% of its original asking price ($12,133) while it will only be priced at 28% of the MSRP after 7 years ($5,589). The Civic's value after twelve years is only 12% of its first price depending on its condition of course.
Another way to describe vehicle depreciation is to look at the loss of value vs miles driven. The Honda Civic depreciation curve below shows this phenomenon for Mumbai. The Civic looses most of its resell price (~ 47%) within the first 30,000km of its mileage. The typical price for a Civic at that mileage is $11,158. After that the devaluation slows down: at 90k kilometers the Honda Civic is valued for $6,270 in Mumbai and for $3,244 at 180,000km .
The last parameter that heavily influences the price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Honda Civic according to its year and its condition.
| Vehicle Year | Honda Civic Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $13,043 | $16,216 | $19,390 |
| 2016 | $11,470 | $14,261 | $17,052 |
| 2015 | $10,008 | $12,444 | $14,879 |
| 2014 | $8,658 | $10,765 | $12,872 |
| 2013 | $7,420 | $9,226 | $11,031 |
| 2012 | $6,293 | $7,825 | $9,356 |
| 2011 | $5,278 | $6,563 | $7,847 |
| 2010 | $4,375 | $5,439 | $6,504 |
| 2009 | $3,582 | $4,454 | $5,326 |
| 2008 | $2,902 | $3,608 | $4,314 |
| 2007 | $2,333 | $2,901 | $3,469 |
| 2006 | $1,876 | $2,332 | $2,789 |
| 2005 | $1,530 | $1,902 | $2,275 |
| 2004 | $1,296 | $1,611 | $1,926 |
| 2003 | $1,173 | $1,458 | $1,744 |
| 2002 | $1,162 | $1,444 | $1,727 |
| Honda Civic variations: |
|---|
| CIVIC 3P TYPE R |
| CIVIC 3P 1.6i Sport |
| CIVIC 3P 1.6i ES |
| CIVIC 3P 1.6i ES/Sport |
| CIVIC 3P 2.2i CTDi Type S |
| CIVIC 5P 1.7 ES/LS CTDi |
| CIVIC 5P 1.6i ES BVA |
| CIVIC 3P 1.8i Type S |
| CIVIC 5P 1.4i Comfort |
| CIVIC 5P 1.4i Comfort i-shift |
| CIVIC 3P 1.8i-VTEC Type S GT i-shift |
| CIVIC IMA |
| CIVIC 5P 1.8i Sport Navi/ Executive |
| CIVIC 5P 1.8i VTEC |
| CIVIC 3P 1.4i -VTEC Type S |
| CIVIC 5P 1.8i Sport / Executive |
| CIVIC 3P 1.8i Type S Auto |
| CIVIC 5P 1.8i Comfort |
| CIVIC 5P 2.2i CTDi |
| CIVIC HYBRID |
| CIVIC 3P 2.0i Type R |
| CIVIC 5P 1.6i L/S/ES |
| CIVIC 5P 1.8i Sport / Executive i-shift |
| CIVIC 3P 1.7 CTDi Sport |
| CIVIC 3P 1.6i ES BVA |
| CIVIC 5P 1.4i S/LS |
| CIVIC 5P 1.7 ES CTDi |
| CIVIC 3P 1.7 ES/LS CTDi |
| CIVIC 3P 1.8i-VTEC Type S |
| CIVIC 3P 1.7 ES CTDi |
| CIVIC 3P 1.4i LS |
| CIVIC 5P 1.7 CTDi ES/LS |
| CIVIC 3P 2.2i CTDi Type S |
| CIVIC 3P 1.6 ES BVA |
| CIVIC 3P 1.6 ES |
| CIVIC 5P 2.2i CTDi Comfort |
| CIVIC 5P 1.4i |
| CIVIC 5P 2.2i CTDi Sport /Executive |
| CIVIC 5P 2.2i CTDi Sport Navi/ Executive Navi |
| CIVIC 3P 1.8i Type S i-shift |
| CIVIC 5P 1.8i Executive i-shift |
| CIVIC 3P 1.7 CTDi ES/LS |