Cars with Best Resale Value in India. 20% Higher Resale in Used Car Market

Cars with Best Resale Value in Used Car Market in India. Know Which Cars can give upto 20% Higher Resale Value at the time of Sale

Cars with Best Resale Value in Indian Car Market

Used Car Market estimated to be market where over 50 Lakh Cars Exchange hands in both Organised and Unorganised Segment every year in India. Can you believe in - Market Size is 150% of New Car Market

The Reason for High Growth of Used Cars is the fact that - 4 to 5 Year Old Cars are what selling at 50% to 60% of New Car Price, which what makes Affordability and Aspiration Factor in Line.

One can have

• 5 Year Old Wagon R in around 3 Lakh
• 5 Year Old Hyundai I20 in around 4 Lakh
• 5 Year Old Maruti Brezza, in around 5 Lakh
• 5 Year Old Honda City at just Rs 5.5 to 6 Lakh

This all creating high demand for Used Cars which is looked as high Opportunity for Buyers in Budget Segment.

Which Company Cars have Highest Demand in Second Hand Car Market

From an extensive Interaction with Hundreds of Used Cars Dealers, Agencies for years and Research based Valuation analysis of Used Car - our research at MyCarHelpline indicates that

• Maruti Suzuki - Maruti Suzuki still remains Number 1 Choice in Second Hand Car Market and remains preferred in Tier-1 and very strong demand in Tier 2 Cities for Unmatched reliability, easy resale, mileage, Maintenance, Spares.
• Hyundai Cars - Hyundai Cars too are pretty strong in momentum for Premium Interiors, Features, Engine Refinement and Reliability. There is ready demand for Venue, Creta, I20 as hot favorites in Used Car Market.
• Honda Cars - Honda Cars India known for Unmatched Engine Performance, Refinement and Legacy of City makes it reliable. Amaze and City are hot favorites in Used Car Market.
• 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.
• Kia - Although Kia is what latest entrant but the way Kia Seltos and recent launched Sonet in Passenger Car Market - there are buyers who put there names in waiting list and ready to buy Seltos / Sonet in Used Car Market as and when would be available in.
• MG - Although MG as brand is just 4 yr Old in Indian car Market but Hector has very high demand in Used Car Market too with buyers having budget of 9 Lakh to 10 Lakh are keen to grab 4 yr Old Hector as full size SUV instead of new cars.

Also, a Surprising Trend observed in last year where homegrown Tata and Mahindra SUV Demand too increased in the Used Car Market. 

Cars with Best Resale Value in India (Top 20 Cars with Highest Demand in Used Car Market of 2023)

Below is List of Top 20 Most Popular Cars in Second Hand Car Market with highest demand in second hand segment

Hatchback Cars with Best Resale Value in India - Updated in 2022

Hatchback Segment is what in maximum demand. Below are best selling Cars in Used Car Market (yes Alto do not feature in Tier 1 Cities in terms of demand)

• Maruti 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. Choose Wagon R 2010 and onwards.

• 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. Choose Swift 2012 and onwards, but even higher demand for Model as launched in 2018 which comes with improved Space, Features

• Hyundai i10: Whatever series of I10 - i10, Grand i10, Grand i10 Nios - all 3 Generations are in demand basis reliability, compact city use car

• Hyundai i20: Any one considering a Premium Hatchback look no other than I20. Although IGen I20 is not as high in Resale, but Elite I20 as Next Gen of I20 is having strong demand in Used Car Market

• Maruti Baleno: Baleno (in Hatchback, not the sedan one) has generated in huge demand with even waiting list put at Used Car Dealers to let them know of Baleno availability. Have a Baleno to sell - you will instant find buyer for same - the same excitement as like Swift

Sedan Cars with Best Resale Value in 2022

• Honda Amaze: Thanks to lot of Space with Honda Ivtec Engine, reliability -  Amaze is a Popular choice in Second Hand Car Market for buyers in budget of 3 Lakh to 5 Lakh keeps a strong content towards Amaze. 

• Maruti Dzire / Swift Dzire: Dzire 2012 Facelift Onwards with new Shape Dzire with K Series Engine has Higher Demand, Very High Reliability, Huge Brand Value, Mileage and Ready Buyers. 

• Honda City: One Dream Mid Sedan which is what a top pick among buyers is Honda City. New Shape Honda City which was what launched in end 2008 and later is what is in high demand and carries list of immediate buyers with hot prospects.

• Toyota Corolla: Even though Corolla / Corolla Altis is discontinued and you may witness some price reduction offered by dealers or agents but Toyota Corolla / Altis is one such model which is a top pick among direct buyers. An individual who seek something more than Honda city yet with reliability - ask for Corolla Altis. Bulletproof Reliability, Low Maintenance and Space is what key element in Corolla.

MPV 7 Seater Family Cars with Best Resale in 2022

• Maruti Ertiga: For Buyers looking for 7 Seater Car with Proven reliability of Maruti in Budget Price has Ertiga as having high Demand. However, Ertiga 2nd Generation with 1.5 Litre Petrol Engine (although was launched just 2 years back) has higher than expected demand in Used Car Market with people even on waiting list for same

• Toyota Innova: Kind of UV Segment in India with Highest Resale and Highest Demand . Know for  Reliability, Niggle Free Ownership - Innova - 1 Lakh Kms or 2 Lakh Kms - there are Buyers Ready to take it. However the only catch is in Delhi and NCR Market where due to ban imposed on 10 year old Diesel cars - this has impacted the madness and craze of Innova 

SUV Cars with Best Resale Value in 2022

SUV Cars are not only flavor in New Car Market but carries a very strong demand in Second Hand Market too and almost every SUV Car is what the hot Pick of the Season

• Toyota Fortuner: King of SUV Segment, if its Fortuner 1 Lakh Kms Driven or 7 yr Old and Owner think to Upgrade - expect car to be sold in less than 24 Hours - very high demanded Used Car which if Maintained by Owner with Service records and without Accidental History do not need any negotiations - can expect Best Resale Value across 

• Maruti Vitara Brezza: Even though DDIS Diesel Engine is discontinued - but has strong Demand in Used Car Market. Brezza is readily available for sale and for buyers who seek an additional safety element to it with Peace of Mind Ownership and Reliability picks Brezza

• Hyundai Creta: Highest Demanded SUV in Used Car Market. Hyundai Creta now in its 7th Year is a brand in itself and whether you own Creta 2015 or 2018 Facelift or New Gen 2020 - expect Resale Value to be almost upto 10% Better than many other SUV in 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, Stylish Road Presence - Nexon is now too catching up in Used Car Market

• Kia Seltos: Pitched by Used Car Dealers as Better Product than Creta in Style Statement, Features - Seltos infact although is just only 2.5 yr Old Product in India and very limited Inventory come for Sale - but whenever comes sold Instantly without any Negotiations

• Mahindra Scorpio: Mahindra Scorpio in Tier 2 Cities is what in strong demand. Any one considering a Macho SUV still has Mahindra presence

• Mahindra XUV500 2015 Onwards: Although XUV500 was launched way back in 2011 but Its the Facelfift Model which was introduced in 2015 is what on attention list of Buyers as considered much more Reliable with Niggle Free and More Stylish in lot. Car on left is 2015 Model Onwards

• Kia Sonet and Hyundai Venue: Also, is very Strong Demand for Venue, Sonet - but as these Models were launched in last 2 Years - so not much Inventory is there in Used Car Market. But if anything comes in Used Car Market - expect no negotiation Sale of Sonet & Venue

Luxury Cars with Best Resale in 2023

Luxury Cars Depreciate pretty Highly in Used Car Market - can expect 4 Year Old Audi, BMW, Mercedes Benz Product to be what available in Used Car Market at 50% to 60% of its Purchase Price. 

Thats a standard Depreciation, If you care for Best Resale - 3 things which matters in Used Luxury Car

a) Ensure to have Car Serviced Timely at Brand Authorized Service Center and keep Service Records

b) Maintain Car Well, any owner who feel like going for Used Luxury Car wont accept Scratches, Dents and will further depreciate car a lot in sake of value so as to repair

c) Take in Longest Possible Warranty Package. If Warranty Cover is available at time of Resale - it infuses confidence in buyer to give better price and go ahead with Model