In addition, this study suggests that people-muvers keep their value better than other types of body types.
Multi purpose vehicle or MPV segment is scattered at various price points, therefore, for this study, we have compiled all the offerings on sale, which begins. Maruti ecoGoing up all the way Kia CarransWhich is the most expensive here. Especially, even if Toyota Innova Crysta Widely recognized as the gold standard in the MPV section, it has been removed from this analysis due to limited data.
Used MPVs resale price study results
Used Mahindra Marjo Example reduce quickly compared to other MPV
*ASP stands for average selling price; Dep stands for depreciation.
Maruti Eeco, especially in its CNG cover, stands out with the strongest residual value. Its utilitarian approach and inexpensive nature increase its value in the secondary market.
The interesting thing is that models like Renault Triballer, Maruti ErtigaKia Carens and Maruti XL6 Demonstrate a slow depreciation trend compared to other sections. Although, Mahindra MarjoWhich struggles to find demand in the new-car location, rapidly depreciates, with 3 years old examples often available at their original on-road value.
Autocar
This discovery is based on a joint study Indian coach In collaboration with Spinni, a major used car platform in 22 cities across India, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh and Indore. 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. 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.
See also:
Toyota Glanza prices are similar or less used compared to Maruti Baleno: autocar-spinony study
Maruti Dzire holds 70 percent of its price after 5 years: Autocar-Spanish study
Hyundai site resale value stronger than Tata Nexon: Autococar-Spinner
