A new car starts depreciating the moment you drive it off the showroom but there are at least 10 cars with that take the least amount of hit in their resale value over several years
The Indian car market sailed through a prolonged slowdown almost throughout the current calendar year. While the demand for new cars saw a downturn for most carmakers, the used car business kept thriving almost around the year. In this post, you can find a list of 10 cars with a great resale value in India in 2019. Based on data collected from various used car dealers, our post should help you get an idea of the kind of resale you can get for various popular models.
1. Maruti Swift
Maruti Swift is the undoubted leader of the B-segment, with its sales number being high even during the ongoing period of slowdown. The Swift has impressed many with its funky looks, direct handling, spacious cabin and fuel-efficient-yet-sufficiently-powerful set of engines.
Naturally, the high demand for this small car has led to a pretty strong resale value, with the owners being able to recover up to 75 per cent of the initial cost even after three years of ownership. One can even get up to 85 per cent of the original value after a year.
2. Maruti Dzire
The Dzire is nothing but a compact sedan version of the Swift, and like its hatchback sibling, enjoys huge demand in both new and used car market. In fact, the Dzire has been the highest selling car in the country for a couple of years now, most of which is due to the spacious cabin, powerful-yet-frugal engines, decent ride and easy maintenance. Like the Swift, the Dzire offers a high resale value and one can recover up to 77 per cent of the original cost of the vehicle after 3 years of ownership.
3. Maruti Baleno
Another model from Maruti Suzuki has been a top-seller is the Maruti Baleno. The B2-segment hatchback has impressed with its premium looks, comfortable cabin, great ride quality and fuel-efficient engines. The high popularity of the small car in the new market has even translated into a great demand in the used car bazaar, which has, in turn, led to a strong resale value for this hatchback. You can easily recover up to 78 per cent of the original cost after three years of ownership.
4. Hyundai Elite i20
Like the Maruti Baleno, the Hyundai Elite i20 has been a popular B2-segment hatchback that scores highly due to its upmarket cabin, power engine options, great ride and Hyundai’s great after-sales service. What’s even better is that the i20 brand name has been around for two generations now, which is something that makes it very easy to find a well-maintained example in the used market. You can recover up to 75 per cent of the original price after 3 years of ownership.
5. Hyundai Creta
The Hyundai Creta, which is sold as the Hyundai ix25 abroad, is one of the most popular SUVs on sale in the country. True, its popularity has been hit since the advent of the likes of MG Hector and Kia Seltos but the compact SUV continues to enjoy a high popularity due to its bold looks, good ride, powerful engine options and many features.
The great demand for this SUV in the new car market also translates to a good resale value in the used car market. One can easily recover up to 75 per cent of the initial cost even after 3 years of ownership. Moreover, it’s not tough to recover 85 per cent of the purchase price after first year of ownership.
6. Toyota Fortuner
Easily the most aspirational SUV around, the Toyota Fortuner continues to dominate its segment with a great demand in both new and used car markets. This high popularity of the SUV translates into terrific resale value. Our data shows that the owners of this SUV can recover 80 per cent of the original cost by selling the vehicle after 3 years of use. Similarly, one can recover more than 90 per cent of the initial price after a year of ownership.
7. Toyota Innova Crysta
If there is one can that can easily manage the Fortuner with the high resale value, it’s the Innova Crysta. In fact, the resale value for the Crysta has been so strong that one can get an even better retention of the original value than the Fortuner.
Data collected from used car dealers indicates that one can fetch more than 80 per cent of the original value on selling the MPV after three years of ownership. The great popularity of this MPV is due to its powerful set of engine options, great ride quality, highly comfortable cabin and the traditional Toyota reliability.
8. Maruti Alto
The Maruti Alto has been the king of the entry-level car market for almost two decades now. The small car, which is currently in its second generation, enjoys a decent popularity in both new and used car markets. This has translated into a good resale value even after years of ownership. One can easily recover up to 75 per cent of the initial price after three years of owning the vehicle. This is because of the car’s highly reliable nature, low maintenance and high frugality.
9. Honda City
Honda City used to be the king of the entry-level mid-size sedan segment until the Maruti Ciaz arrived a few years now. In its fourth generation, the City continues to enjoy a strong brand image, which is mostly due to its powerful petrol engine, reliable mechanicals, good ride quality and brand image that the Honda badge commands.
What’s even better is that the City has been around for over two decades now, which makes it immensely easy to find well-maintained used examples. All these factors have led to a pretty high resale value as owners can recover up to 78 per cent of the original cost of the vehicle after three years of ownership.
10. Maruti Ertiga
In its second generation now, the Maruti Ertiga has been the king of entry-level MPV segment. The only MPV in its company’s product portfolio enjoys high popularity due to its competitive pricing, comfortable cabin, good ride and low maintenance. These factors make the vehicle a hit in both private and taxi segments.
The strong demand for the Ertiga in the new car market has also led to impressive resale value in the used car market. Owners of the Ertiga can easily recover up to 80 per cent of the original price after 3 years of ownership, while they can recover almost 90 per cent of the initial cost after a year of owning the vehicle.
Please note – It may be noted here that all the figures mentioned above are based on the information we have managed to gather from various used car dealers we have been in touch with. However, it needs to be understood that the actual resale value of any vehicle depends on factors such as location, trim-level and the condition of the vehicle. Hence, safely expect slight discrepancy in the aforementioned percentages and the resale value you receive on selling the vehicle.