Last post on Aug 11, 2007 at 7:23 PM
You are in the Honda Accord
What is this discussion about?
Honda Accord, Sedan
#49 of 68 Re: Auto Vs Stick [bamacar]
Aug 03, 2007 (9:46 pm)
According to Blue Book and Edmunds, the 2007 Accord V6 Sedans have an identical private party resale value for either transmission.
I don't think it is as much a matter of resale value IMO as it is to find a buyer. It may be a non-issue when trading in, but likely when going private.
For sports cars, exactly the opposite may apply. A friend of mine is struggling to sell her Boxster with auto.
#50 of 68 Re: Auto Vs Stick [bamacar]
Aug 04, 2007 (7:53 am)
The Accord EX V6 6 speed is a poor example or a self-serving example of resale.
It has about the same value as the automatic because the 6-speed is a supposed to be some kind of "sport" model and has a few features not on the normal automatic version of the EXV6 and it will also be hard to find used due to low production.
Everyone who buys the Accord 6-speed really wanted it and did not buy it to save money. Many people buy other manual transmission sedans and economy cars because they may be cheaper by $1000 or more even though they would have really preferred to get an automatic. Resale will reflect that.
#51 of 68 Re: Auto Vs Stick [bamacar]
Aug 04, 2007 (4:45 pm)
According to Blue Book and Edmunds, the 2007 Accord V6 Sedans have an identical private party resale value for either transmission. Both starting points are $21891. Private party sale is the best way to sell a manual.
I guess not offering the V6 manual isn't because of depreciation as they appear to be identical. Without a doubt, there is a smaller market for the manual so Honda may not think an additonal model is worth it.
Unfortunately, Blue Book is worthless in the real world.
What matters is dealer auction values and what people are willing to pay. If folks were willing to pony up just as much for a manual as an auto, the trade-in values would reflect that. Its just how the market works.
Here is what is going to happen with my Accord lease. I was given the same residual value with my 6-speed as they were giving on the automatic. However, come the end of my lease, the 6-speed will fetch $1k less at the auction, thereby making Honda Finance lose $1k on my car compared to an automatic. So, yes, it has depreciated more.
#52 of 68 Re: Auto Vs Stick [qbrozen]
Aug 04, 2007 (6:11 pm)
Once again not for private party value. If you sold it yourself, you would get the same price. Thus, depreciation for private sale is the same. Private party sales are excellent for manuals. Big car lots, auctions, and shady salesmen love automatics.
#53 of 68 Re: Auto Vs Stick [bamacar]
Aug 04, 2007 (6:36 pm)
What makes a manual a harder sell is this: If someone is looking to buy a manual, they will most likely settle for an automatic, if they can't find a manual quick enough. If someone is shopping for an automatic, it is usually the only choice, especially if they have never owned a manual before. Everyone knows how to drive an automatic. Many don't know how, or don't want to drive a standard.
#54 of 68 Re: Auto Vs Stick [bamacar]
Aug 05, 2007 (6:32 am)
your opinion and the real-world car market just don't agree.
If a dealer pays $1k less for their manual car, they will sell it for $1k less than their automatic. Private party is typically $1k below dealer retail. It is just the way it works. So, in other words, auction values, dealer retail, private party, trade-in, are ALL tied directly to each other, and all are dictated by the buying public. But, whatever, if you don't believe it, that's your perogative. If you want to pay $1k more than you need to in order to buy a 6-speed used Accord, then go for it. I hope if I were to sell mine, I find a buyer like you.
#55 of 68 Re: Auto Vs Stick [qbrozen]
Aug 05, 2007 (7:39 am)
There are many markets for any product. Private party is one and the most advantageous for manual buyers and sellers. Big dealers want high volume sellers; manuals are not high volume. They will only give wholesale for many manuals. Try selling a million dollar homes at a thrift store. The clientele is not there to buy thus the demand is low - prices would be terrible. Though this is an extreme example, there are many different avenues for marketing.
If you want to get ripped off and sell your Accord for $1k less (plus the multiple thousands less the dealer will give you to make him a substanial profit), go ahead and auction it or trade it in. I wish I could buy it and sell it for the $1k profit in the private sale market. Even better, I could probably make another $2-3k with the difference of the dealer trade in value and what I could sell it.
Both private party and dealers are real world, just pick the more profitable one according to the car you have to sell.
#57 of 68 Re: Auto Vs Stick [qbrozen]
Aug 06, 2007 (4:59 am)
The 2006 V-5 6MT Accord sedans and coupe are worth $675.00 less than their AT counterparts. I an sure the 2007 6MT models will be worth less shortly.
#58 of 68 Re: Auto Vs Stick [maddog11]
Aug 06, 2007 (5:06 am)
best to keep that under your hat. folks want to believe what they want to believe.