Why a used Civic still costs $16,118

[thecontiki]

Why a used Civic still costs $16,118

By The Wall Street Journal

The appeal of fuel efficiency is moving beyond the new-car market and creating a run on small used cars.

Used economy cars that once could be difficult for dealers to move -- the Ford Focus and Chevrolet Aveo, for instance -- are now flying off lots, and prices are rising.

In May and June, the 10 used cars with the fastest-rising prices, according to J.D. Power & Associates, included the Hyundai Elantra, up almost 9% from the year-earlier period, and the Kia Spectra, up nearly 8%. A few years ago, the list was dominated by larger, more luxurious cars like the Lexus LS Series.
Some used cars' prices are even approaching the levels of new models. The average 2006 Honda Civic costs $16,118, or 86% of what a new 2008 model costs. The average price of a used 2006 BMW Mini Cooper is about 81% of what a new model costs. And the long-sought-after Toyota Prius costs 87% of the new-model price.

Sustained high gasoline prices are pushing more drivers out of their gas-guzzling SUVs and into what were once called "econoboxes." But because economy models haven't been big sellers for the past few years, carmakers have built relatively few of them. The resulting tight supply and strong demand have driven up prices.

The average price of a used subcompact car (such as the Honda Fit) is up 6.9% this year to $10,417 from $9,742 a year ago. The average price for all used vehicles has fallen 2.7%, dragged down by falling prices for big vehicles, as well as the fact that more low-price cars are in the mix. Prices for large, used SUVs and pickups are down 10% to 12%, according to J.D. Power & Associates.

Brian Benstock, a Honda dealer in the Queens borough of New York City, says that dealers have to pay more than they used to at used-car auctions for certain models, like the compact Civic.

Civics are selling at auction for more than $3,000 over the "book price" dealers are more accustomed to paying. SUVs are selling at prices "substantially under book price," he adds. Even large dealers are having a hard time finding enough used Civics and other models to satisfy demand.

Another change: Some of the so-called certified used-car programs run by manufacturers, which used to be associated with luxury cars, now focus more on small cars.

"Our certified-used sales are up 40% over last year," Benstock says, noting the growth has been driven largely by customers seeking higher fuel economy.

Fuel economy "meant everything" to Joseph Carullo Jr., a New York City manufacturer of clothing accessories, who last month bought a 2005 Civic for his daughter. "We were looking for something that would get better than 30 miles per gallon," he says.

"We find that the big ticket is 30 mpg," says Norm Olson, sales operations manager for Toyota's certified-used-car business.

He says the company's Corolla compact and Camry midsize sedans with four-cylinder engines are among its most popular used cars. Buyers are interested "in just about anything with four cylinders" because those are the cars that will travel more than 30 miles per gallon, Olson says.

[thecontiki]

Civics are selling at auction for more than $3,000 over the "book price" dealers are more accustomed to paying. SUVs are selling at prices "substantially under book price," he adds. Even large dealers are having a hard time finding enough used Civics and other models to satisfy demand.

Honda Civics have always being giving what the public have come to expect.

A good quality vehicle with great safety and great resale value and a all round quality vehicle you can trust for the long run.....

Honda always a winner.......

[Truckin]

Tiki - Take a break from the Honda stories. Give us some info on Honda motorcycles or something, but the Civic card has been dealt too many times.

[Restrrained]

THey cost that much because rice buyers are too stupid to realize they are being taken.. LMAO...HAHAHAHAHA

[thecontiki]

Restrrained wrote:

THey cost that much because rice buyers are too stupid to realize they are being taken.. LMAO...HAHAHAHAHA

You don't know any better......

Learn something before you comment.....

Uneducated fool!!!!!!!!

[Restrrained]

thecontiki wrote:

<quoted text>
You don't know any better......
Learn something before you comment.....
Uneducated fool!!!!!!!!

You know nothing Ding Dong..

[Restrrained]

thecontiki wrote:

<quoted text>
You don't know any better......
Learn something before you comment.....
Uneducated fool!!!!!!!!

Forgot to mention "Truth Hurts" HAHAHAHAHA

[Toyota sucks]

Who gives a shit you ugly big nose wine drinking homo..LOL hahaha you are a ugly somobitch. Honda sucks only a home like you would drive such a little sissy car..

[Sammy the bull]

Why do professional grade GM's depriciate 50%
In the first year and half???

Thats what GM needs to worry about.

Who are the idiots that buy these POS???
Well according to the #'s, not many...
Even rednecks are recognizing a POS when they see one and staying away from GM.

[Sammy the bull]

New Jersey- What a shit hole. Is that all you can afford? Hell Arkansas has more respect then NJ.

Then we have Michigan... thats also a shit hole...
Poor bastards.

[Sammy the bull]

New Jersey- What a shit hole. Is that all you can afford? Hell Arkansas has more respect then NJ.
Then we have Michigan... thats also a shit hole...
Poor bastards.

[Restrrained]

Sammy the bull wrote:

New Jersey- What a shit hole. Is that all you can afford? Hell Arkansas has more respect then NJ.
Then we have Michigan... thats also a shit hole...
Poor bastards.

You are a creepy and disfunctional idiot! What state are you from? State of dillusion and confusion? You must be emailing from Botswanna or something... or worse yet San Francisco, the home of Homosexual perversion..... YOu win, when that state falls off into the ocean the beach front in Nevada will do just fine.

[70plyRR]

thecontiki wrote:

<quoted text>
You don't know any better......
Learn something before you comment.....
Uneducated fool!!!!!!!!

Civic is dead. What about that new ugly fat accord? Truckin is right, give us a break. We don’t enjoy reading your spam. Look, why don’t you start a thread about Honda power washers? That might get a positive response. I will say nothing bad about my power washer with a haonda engine. Get a life, its too short.

BTW, how on earth do you fit in a Civic> You look to be about 6’ 2” or so. I am 6’ 2” and would not be comfortable in one of those ugly death traps. Face it; the Civic is good for a teen’s first beater car. Grow up and at least upgrade to a highlander or something.

Cheers

[70plyRR]

CON_TIKI

EXPOSED

http://images.google.com/images...

the saga continues….

[Bob]

Hell I have seen used Fords, Chevys and Dodge go in excess of 100k and you talk about 16k for a used Civic. Thats hilarious.

[Toyota sucks]

Sammy the bull wrote:

New Jersey- What a shit hole. Is that all you can afford? Hell Arkansas has more respect then NJ.
Then we have Michigan... thats also a shit hole...
Poor bastards.

Considering my taxes are more than a entire house in Arkansas, I would strongly disagree with you.

You can say what you want about NJ, but I live in a beautiful part of the state. I live in a resort area, so It is very busy here in the summers with beach goers and campers. There are people from all around the world that summer here every year and I learned way back how to capitalize on these tourist. It is great because I run a seasonal buissness from about April to about October or Novemeber depending on the weather and tourist, then I am done for the year, it is roughly 6-7 months and then it is party time, but don't get me wrong it is still party time all summer. I now have found two good people to run the business for me, so I can now come and go as I wish without having to worry about the buisness. So make fun of me and NJ, but the laugh is on you, PACO, TOYOTA, SAMMY THE BULL, TORONTO BOB and the ten other names you go by.

The winter does tend to suck a little, it gets a little cold here in Jan and Feb but the average highs are around 50 degrees and it never snows, and then it starts to warm up in March, but there is no traffic, no smog and there are no long lines to wait in and there is plenty to do, but most of the time, I jet out for a few weeks in the heart of the winter. But when you are here, Atlantic city is a 30 minute drive North and there are always great shows, concerts Bars, restaurants and comedians nightly at any of the new casinos like the Borgata, Tropicana and Harrah's there are also 3 new top notch casinos in the works. I can fly out of Philly or AC and be in the Caribbean or the Florida keys in 3 hours or be in Bermuda in a hour and a half. There are tons of new stores, so everything is right here without having to drive far and fight traffic and long lines and it is safe. There are probably better places in the world to live in, I have been around the world and the nation so I do know that, but for me this is home and this is where I have made my living. So do me a favor and blow me..You are probably a fat pimpily faced fat kid who sits in mommys basement spanking your monkey all day on the internet, you could do yourself a favor and get a job and a life you loser..

[Toronto Bob]

Toyota sucks wrote:

<quoted text>Considering my taxes are more than a entire house in Arkansas, I would strongly disagree with you.
You can say what you want about NJ, but I live in a beautiful part of the state. I live in a resort area, so It is very busy here in the summers with beach goers and campers. There are people from all around the world that summer here every year and I learned way back how to capitalize on these tourist. It is great because I run a seasonal buissness from about April to about October or Novemeber depending on the weather and tourist, then I am done for the year, it is roughly 6-7 months and then it is party time, but don't get me wrong it is still party time all summer. I now have found two good people to run the business for me, so I can now come and go as I wish without having to worry about the buisness. So make fun of me and NJ, but the laugh is on you, PACO, TOYOTA, SAMMY THE BULL, TORONTO BOB and the ten other names you go by.
The winter does tend to suck a little, it gets a little cold here in Jan and Feb but the average highs are around 50 degrees and it never snows, and then it starts to warm up in March, but there is no traffic, no smog and there are no long lines to wait in and there is plenty to do, but most of the time, I jet out for a few weeks in the heart of the winter. But when you are here, Atlantic city is a 30 minute drive North and there are always great shows, concerts Bars, restaurants and comedians nightly at any of the new casinos like the Borgata, Tropicana and Harrah's there are also 3 new top notch casinos in the works. I can fly out of Philly or AC and be in the Caribbean or the Florida keys in 3 hours or be in Bermuda in a hour and a half. There are tons of new stores, so everything is right here without having to drive far and fight traffic and long lines and it is safe. There are probably better places in the world to live in, I have been around the world and the nation so I do know that, but for me this is home and this is where I have made my living. So do me a favor and blow me..You are probably a fat pimpily faced fat kid who sits in mommys basement spanking your monkey all day on the internet, you could do yourself a favor and get a job and a life you loser..

Hey Ford Boy----everybody knows you are SO full of shit it's gotta be oozing out your ears!!
If BS was music, you'd be a symphony orchestra.
(Emphasis on the "Phony" part!!)
"You can fool some people some of the time, but you can't fool all people all of the time"
What a blowhard!!