2021 Honda Ridgeline Depreciation: 34% to 37% Over Five Years

The 2021 Honda Ridgeline has lost roughly a third of its value over five years, according to depreciation estimates from CarEdge and iSeeCars. The midsize pickup holds a rare position in the truck market: it is the only unibody truck in the midsize class. There are unibody trucks such as the Ford Maverick and Hyundai Santa Cruz, and midsized body-on-frame pickups like the Toyota Tacoma and Ford Ranger, but only the Ridgeline combines both traits.

Honda sold about 41,000 Ridgelines in 2021, a number Ford’s F-Series roughly matched every three weeks that year.

A new Ridgeline doesn’t come cheap. The base Sport trim starts above $42,000 in 2026, about $7,000 more than a base Ranger. That makes a used 2021 model appealing, especially since it still offers modern driver-assistance technology and the benefits of depreciation. CarEdge and iSeeCars estimate the five-year value loss at 34% to 37%.

1%. On an RTL trim with a $40,695 MSRP, that gap is nearly $1,400. CarEdge’s figure is based on current market prices for the 2021 model.

For comparison, iSeeCars shows 25.3% depreciation for a 2023 Ridgeline, while CarEdge projects a 28.7% drop over three years. CarEdge also reports 31.4% depreciation for the 2022 model. A boxier next-generation Ridgeline is teased for 2028, though its effect on resale values is unknown.

Real dealer listings on CarGurus for clean, average-mileage 2021 Ridgelines range from $25,000 to $30,000 depending on trim. An RTL around $26,000 works out to 36.1% depreciation from its original MSRP, closely matching the estimates.

Among competitors, the Toyota Tacoma is an outlier for retained value, with about 20% five-year depreciation for a 2021 model. 4% below its $36,939 MSRP. The Nissan Frontier takes a much larger hit: both sources estimate the 2021 Frontier drops about 36% over five years. 2% decline.

The 2022 model year marked the debut of the current-generation Frontier.

The 2021 Ford Ranger sits between the Tacoma and the Ridgeline, with projected five-year depreciation of 27.7% from CarEdge and 30% from iSeeCars. An XLT originally priced at $36,190 now typically sells for $25,000 to $26,000, or 28.2% to 30.6% depreciation. MSRPs mentioned include factory destination charges.