Once in the fastest growing segments in the country, the compact sedan has now taken a seat for SUVs, as buyers like fast SUV body style. However, despite this change in market preference, the sub-meter sedan segment continues to maintain a strong price in the pre-owned car market.
Autocar
The discovery is based on a joint study conducted by Autocar India in collaboration with Spinni, a major used car platform across 22 cities across India, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jipur, Chandigarh, and Indoor. Spinni provided the average selling price (ASP) received from the actual transaction of 21,944 cars sold in its network during the 2024 calendar year.
Depreciation in compact sedan over a period of 5 years
For the purpose of the study, if a particular model had several engine options of the same fuel type, or came to several variants, they were merged and average. The depreciation was calculated as a percentage difference between the on-road value of the car in the year of its construction and its resale price in 2024.
Maruti Dzire Petrol-Manuel depreciates slower than its segment rivals
Among the four major models assessed, This is the basisEspecially in its petrol-manual variants, commands the highest residual value. Interesting, the average resale prices of Honda Amaze And Hyundai Aura There are more than Dzire.
Tata tigor Its depreciation stands out for the pattern. Like the new car space, this car is the cheapest of the four in the market market, with four and five -year -old models showing the most decline in the price compared to their rivals.
See also:
Toyota Glanza prices are similar or less used compared to Maruti Baleno: autocar-spinony study
