Market Watch: 2000 Honda Civic Si Sells for Insane Price at Auction
Clean performance Honda models actually are appreciating in value.
There’s an old saying that goes something like this: “cheap, fast, reliable. Choose two.” And for the most part, the Civic Si has generally carried a near ideal balance of those three aspects throughout the years. However, that might be turned all the way upside down, considering for some Si models, “cheap” may not even apply any more.
According to a recent auction sale, a 2000 Honda Civic Si just sold for $22,750. We hope you were sitting down, because we know that’s a lot to take in.
As we analyze this, we can come to a few conclusions. Interestingly, rarity comes into play. Although the Si is not rare, an un-modified example with only 10,000 miles certainly is. Si’s were sold as driver’s cars to begin with, and the prolific aftermarket scene makes it very rare to see a car like this. But there are other cars that are stock with low miles, so what gives? Why is this so much higher than MSRP?
Age might have another key ingredient here. Even though this is a 2000 model year, the EM1 debuted 19 years ago. Although we don’t know the age of the buyer, it could very well be someone who saw the Si as a dream car. Maybe they wanted a Milano Red Si as a teen at car shows, just out of reach financially, but now they have the ability to buy their dream ride, unmolested by a previous owner. Perhaps, it could also be someone’s first car that they regret selling. Sentimental value can have some strange effects on auction prices, and that very well could be the case here.
Understandably, well-used and modified Si’s will not sell as much in auction, and it’s not at all suggesting your EM1 just increased in value by $5,000. But it is nice to know that our little niche is part of an appreciated market.