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Cars with Best Resale Value in India. Highest Resale in Used Car

Cars with Best Resale Value in India. Highest Resale in Used Car

Cars with Best Resale Value in Used Car Market in India. Most Popular Cars in 2020 with Lowest Depreciation and Best Demand in Used Hatch, Sedan, SUV, Luxury Car Segment

 

Used Car Market in India - 2020

Used Car Market silently turned a lot bigger than New Car Market in India. If around 30 Lakh New Cars are what Sold in 2019 - its Estimated that even 50 Lakh Cars Exchanged hands in Second Hand Car Market in India in the same year.

The Growth Rate in Second Hand Car Market is Exponential compared to New Car Market and Operated through

  • Organized Sector: Through Authorized Dealers, Used Car Showrooms, Registered Used Car Dealers, which account for 20% of Sales
  • Unorganized Sector: Through Neighborhood, Referrals, Friends, Independent Brokers, Classified Sites and Independent Agents - Still command 80% Market Share

Unlike New Car - where Road Tax, Registration, Dealer Handling Charges, State MCD Charges and high 1st Year Insurance Premium Jack up Prices - Used Car Market is Free from all these taxes and as per Estimates, most of the Cars loses in

  • 35% Value in First 3 Years and
  • Valuation Reduces to 50% Value at end of 5th Year

This makes Affordability and Aspiration Factor in Line. For Instance someone with Budget of 4.5 Lakh in New Car Market has limited Choices in terms of Cars in Entry Segment. Even Santro Base Model is out of Budget in 4.5 Lakh Budget, but care for second hand Market - you can have Plethora of Choices with even a 3 year Old Hyundai Elite I20, 5 Year Old Honda City available in Budget with much Superior Build, Handling and Dynamics.

 

Which Company Cars are in Best Demand in Second Hand Car Market

From what has been interacted with several Dealers / Agents for Years - maximum demand is for

» Maruti Suzuki - Maruti Suzuki still remains Number 1 Choice in Second Hand Car Market and remains preferred in both Tier-1 and Tier 2 Cities for Unmatched reliability, easy resale, mileage, Maintenance, Spares

» Hyundai Cars - Hyundai Cars too are gaining momentum as HMIL cars are known for Premium Interiors, Features and its service network is also large enough to inspire confidence in buyer segment

» Honda Cars - Honda Cars India known for Unmatched Engine Performance, Refinement and Legacy of City makes it reliable 

» Toyota - For some one who knows about Toyota - only wants a Toyota as Bullet Proof Reliability, Niggle Free Ownership and Life Long Engine Output. Care for a Lakh Km driven Innova, Fortuner or Corolla Altis - the buyers are just readily available and only seek to check Service History if serviced on time - one can expect Top Notch Resale from Old Toyota Car.

Its the Japanese Maker - Maruti / Honda / Toyota apart from Korean Maker - Hyundai Cars which rules the Second Hand Indian Car Market and in most likely Scenario - owner of these cars can expect a better price for there used car with Instant Buyers.

 

Cars with Best Resale Value in India (Top 15 Cars with Highest Demand in Used Car Market of 2020)

Below is List of Top 15 Most Popular Cars in Second Hand Car Market, - in high demand in second hand segment

 

Hatchback Cars with Best Resale Value in India - Updated in 2020

Maruti Suzuki Wagon R photoMaruti Suzuki Swift photo

Hatchback Segment is what in maximum demand. Despite of Maruti Alto featured till Best Selling Car of Indian Market till 2017, it was dethroned by Dzire in 2018. Its surprising that in Tier 1 Cities - there is relatively a lesser demand for Alto and much higher demand for Wagon R in India

Hatchbacks Cars Used Car Demand Review Price, Demand
Wagon R Wagon R - Epic Model of Indian Market with over 20 Years of Legacy, Niggle Free Ownership, a Brand for Middle Class Buyers continues to get best Resale in Second Hand Entry Segment Market In 2010 Wagon R got New Generation with Improved Space and is in strong demand.
Maruti Swift Probably the King of Used Car Market, Iconic Swift was launched in 2004 and is now in 15th Year with a name for Sporty Character All Generations are in Demand
Hyundai Grand i10 Grand i10 was launched in 2013 in Indian Market as next Generation of i10 Series. The Car is fairly in demand in Second Hand Car Market Hyundai Reliability and Good Features makes Grand i10 Sportz and Asta Trim in higher End Variants with good demand from buyers having budget of Rs 2.5 Lakh to 3 Lakh
Hyundai I20 Any one considering a Premium Hatchback look no other than I20 been 11 Year Old Legacy for Build, Features, Styling Both Petrol and Diesel Models are in good demand
Maruti Baleno New Gen Its just been little more than 3 years of launch of New Baleno and has generated in huge demand with even waiting list put at Used Car Dealers to let them know of Baleno availability  Although very Few or Neglible number of cars available in Used Car Market of New Baleno, but there are buyers who have even listed there name with Used Car Dealers to let them know of availability

 

Sedan Cars with Best Resale Value

Honda Amaze photo

Sedan Cars Used Car Demand Review  Price, Demand
Honda Amaze Honda Amaze has been in Indian market since 2012 and despite of not so block buster sales but is high on demand in Second Hand Car Market. Thanks to Honda Tag name - Amaze remains a Top Choice Immediate Buyers are available for both Amaze Petrol and Diesel Model
Maruti Swift Dzire Like as seen in Swift - the same holds true for Dzire too. However in Dzire 2012 Facelift Onwards with new Shape Dzire with K Series Engine has Higher Demand, Very High Reliability, Huge Brand Value New Dzire 2012 Onwards due to same K Series Petrol Engine used has strong demand
Honda City Iconic Honda City with 20 Years Legacy remains top Spot for any one considering Mid Sedan Car. If its Mid Sedan the number 1 choice is Second Hand Honda City Honda Cars India introduced IVtec Petrol with 118 BHP in 2008 End. All Models whether 5 Year, 7 Year or 10 Year Old are well in demand 
Toyota Corolla Altis  Care for a segment up Car than Honda City comes the Bulletproof Reliability, Space and Toyota tag with Corolla Altis. Corolla has now 16 Years of Legacy and best selling in Executive Segment  All Models, All Generation are in Demand. If you have serviced Toyota Car on time and has driven even Lakh Kms then still can get best price

  

More Details on Used Car Get One Touch Information
Used Car Valuation Matrix Used Car Depreciation Calculator
Decode Car Manufacturing Month, Year Decode Car VIN

 

MPV 7 Seater Family Cars with Best Resale

Toyota Innova Crysta photo

Utility MPV  Used Car Demand Review  Price, Demand
Used Maruti Ertiga For Buyers looking for 7 Seater Car with Proven reliability of Maruti in Budget Price has Ertiga as having high Demand Ertiga whether Petrol, Diesel or CNG has ready buyers available for it
Used Toyota Innova Highest Demand for Utility Vehicle is for Reliable, Niggle Free Innova - 1 Lakh Kms or 2 Lakh Kms - there are Buyers Ready to take it All Models whether Old Innova or New Crysta. Only concern now is due to changing norms for diesel Cars where a ban imposed on plying 10 year Old Diesel Cars - there are very few takers for 2010 Model and before in Delhi, NCR Zone. However - demand remains high in other Cities

 

 

SUV Cars with Best Resale

SUV Cars are not only flavor in New Car Market but carries a very strong demand in Second Hand Market too

Ford Ecosport photo

SUV  Used Car Demand Review  Price, Demand
Ford Ecosport Ford Ecosport is what the saviour of Ford India in present times and remains high on demand in Second Hand Market too. Expect Good resale of Ford Ecosport if Maintained well with Service History on records
Maruti Brezza Maruti Brezza is topping charts in SUV Segment in Second Hand Market Very High Demand but very Few Cars are up for Sale in Used Car Market
Tata Nexon Yes - Tata Motors is also now Featuring in and as per our interaction with Used Car Dealers they have been getting in queries for Used Nexon. Thanks to 5 Star Safety, Better Interiors, Choice of Manual - Automatic along with petrol and Diesel - Nexon is now in hot demand too  Can expect a reasonable good price for Tata Nexon in Second Hand Market
Hyundai Creta, Venue Hyundai Creta too has been on radar of Buyers but very few Creta are available in Used Car Market. Even demand has started coming for Venue - although barely any Venue available in Used Car Market Very High Demand but only Few Creta are up for Sale in Used Car Market. Venue can barely find at any second hand dealer
Mahindra Scorpio, XUV500 Mahindra Scorpio in Tier 2 Cities and XUV500 in Tier 1 city are what in strong demand. Any one considering a Macho SUV still has Mahindra presence Depending on Market - Scorpio been rear wheel drive, Masculine Presence remains Top Pick in Tier 2 and XUV500 with Stylish, Cheetah Inspired Design in Tier 1 Cities
Toyota Fortuner Its been over 10 yrs since when Toyota Fortuner came in and Trust a 6 yr Old Fortuner command 15 Lakh Plus as high resale All Models - Fortuner is what an Iconic demand.Only concern now is due to changing norms for diesel Cars where a ban imposed on plying 10 year Old Diesel Cars - there are very few takers for 2010 Model and before in Delhi, NCR Zone. However - demand remains high in other Cities 
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Important: If you seek advise or recommendation, pls raise query in Car Forum instead of posting in comments

 

Comments 3

Guest - Paresh on Monday, 29 July 2019 14:53

Which one to buy depending on maintenance cost Maruti ignis delta or Hyundai grand i10 magna.

Which one to buy depending on maintenance cost Maruti ignis delta or Hyundai grand i10 magna.
Guest - Sandip on Sunday, 04 February 2018 15:58

The review is very good and accurate. But I see no European cars, particularly Volkswagen in the list as it holds good value in developed countries. Perhaps there are more satisfied owners of European cars who do not want to sell their cars.

The review is very good and accurate. But I see no European cars, particularly Volkswagen in the list as it holds good value in developed countries. Perhaps there are more satisfied owners of European cars who do not want to sell their cars.
Guest - Mahammad Mustafa on Tuesday, 28 November 2017 20:26

Res sir,
Hats off for your work..really thanks a lot for such wonderfull info..I do have a query . I m looking to BUY a USED VW POLO HIGHLINE 2011 to 2013 model with 50k running ..what may be best price to buy ?? Shall i go for petrol or diesel ?? I m totally confused .plz suggest me sir. Once again thank you for ur all info

Res sir, Hats off for your work..really thanks a lot for such wonderfull info..I do have a query . I m looking to BUY a USED VW POLO HIGHLINE 2011 to 2013 model with 50k running ..what may be best price to buy ?? Shall i go for petrol or diesel ?? I m totally confused .plz suggest me sir. Once again thank you for ur all info
Guest
Monday, 10 August 2020

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