Honda S2000 CR (AP2) Market Analysis — September 2026
Executive Summary
The current market for the Honda S2000 CR (AP2) remains relatively stable, with a total of 68 sales recorded over the past five years. The median asking price is $45,592, which is significantly lower than the historical median of $67,250, indicating a potential depreciation trend. An actionable insight is to monitor the market closely for potential buying opportunities, especially as the average days on market is 75 days, suggesting that sellers may be more willing to negotiate.
Market Snapshot
- Current inventory: 8 active listings
- Median asking price: $45,592 (historical median: $67,250)
- Price trend: Insufficient data (0% YoY)
- Market velocity: 75 days average time on market
PRICE TRENDS & APPRECIATION
Analyzing the quarterly trends, the market shows fluctuations in pricing, with notable peaks in Q3 2024 at a median price of $122,250 and Q4 2024 at $102,000. However, prices have generally declined since then, with Q1 2026 showing a median price of $53,475. The average price in recent quarters has varied significantly, indicating volatility rather than a clear appreciation trend. The current asking prices are lower than the recent sales, suggesting that sellers may need to adjust their expectations.
Auction Market Dynamics
The sell-through rate for auctions stands at 84.7%, indicating a healthy market where most vehicles sold successfully. However, the median price for sold vehicles ($68,000) is significantly higher than the median high bid ($53,333), revealing a reserve gap that suggests sellers may have unrealistic expectations. The ratio of sold to unsold/high_bid indicates that while buyers are willing to pay a premium, sellers are often not meeting market realities.
Configuration Value Guide
The body style breakdown indicates that all active listings are Convertibles, with an average price of $42,165 and a median price of $43,995. The 2008 model year is the most common among active listings, with a corresponding average price of $50,661. This suggests that the Convertible configuration commands a premium, and buyers should focus on this body style for better value.
Mileage Impact
The mileage analysis reveals that vehicles with under 50,000 miles command an average price of $62,532, while those with 50,000 to 100,000 miles average $52,422. This indicates that buyers are willing to pay a premium of approximately $10,110 for lower mileage vehicles, highlighting the importance of mileage in pricing strategy.
Regional Pricing
Geographic distribution shows that the West region has the highest average price at $67,775, while the South has significantly lower prices averaging $28,998. The Midwest region averages $47,190. Buyers may find better deals in the South, but they should consider the potential for lower availability and condition of vehicles.
Market Health Indicators
With an average of 75 days on the market and two listings with price reductions, the market shows signs of soft demand. The introduction of one new listing this week suggests a stable supply, but the overall market health may be affected by the longer time on market and price reductions, indicating that sellers may need to adjust their pricing strategies.
Investment Outlook
Given the current trend direction is classified as insufficient data, and the recent fluctuations in quarterly trends, the investment outlook for the Honda S2000 CR (AP2) appears cautious. While there are opportunities for appreciation, particularly for well-maintained low-mileage models, potential buyers should remain vigilant and consider market conditions before making significant investments.
Buying Recommendations
Buyers should focus on the Convertible body style, particularly the 2008 model year, which has shown to command higher prices. Target price ranges should be between $42,000 and $62,000 for lower mileage vehicles, as these are likely to provide better long-term value. Additionally, buyers should be prepared to negotiate, especially given the current market dynamics and the observed reserve gap in auction outcomes.
This analysis is generated from CarSearch.Pro's market database (68 historical sales, 8 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.