The Best, Unsurpassed, Automobile Toppers with Good Resale Value
The auto market in India is brimming with vehicles. Currently, there are over 700 vehicle variants retailing in India. And the numbers are growing exponentially. And it is practically becoming impossible to keep track. With newer makes, models, and brands debuting and making its presence felt here every other day. And steadily keeping pace is the used car market in India that has also been progressively growing alongside.
In this regard, what is it that impacts and guides the resale value of cars in India? Really, its a multitude of factors. the new car sales figures, fuel efficiency, mileage, the vehicle's year of make and model, its availability in the used car market, budget, vehicle depreciation, affordability, design, distance clocked, utility and practicality are all determinants in making a strong case for the best resale value of the cars. Interestingly and surprisingly, when people are in the market shopping for new cars, apart from the basic requisites, the car's resale value is also considered when people make the final buy.
Here's a look at a Couple Cars in India with good Resale Value
When looking at resale value and auto companies, Maruti Suzuki leads the pack and it is way ahead of other automakers in this sector. It is followed by Mahindra, Hyundai, Honda, and Toyota whose cars also command a good resale value.
Maruti Suzuki Alto
One of the top-selling, A segment cars in India, it is a creditable successor to the ‘first people’s car of India’, the Maruti 800. Its popularity and sales figures has literally been unstoppable. To date, it has retailed over INR 28 lakh cars in India. And owing to its affordability, familiarity, performance, and low maintenance costs, this car has a very good resale value amongst entry level cars in India. In the used car market, there is a constant, ongoing demand for the Alto as it’s definitely value for money and irrespective of the years and the kilometers clocked; it still attracts a lot of interest in the budget segment.
Maruti Suzuki WagonR
The Maruti Suzuki WagonR is one of the unbeaten under 5lakh hatchbacks in India and it is an established bestseller for Maruti over the years. In spite of its quirky, tallboy design and appearance, it has been rated well in key performance matrices like fuel efficiency, spacing, mileage, dependability, low maintenance, and additional fuel options like CNG and LPG kits makes for a good buy and a practical car to boot. In the secondhand car market too, its resale value is pretty high and it is much sought after. And since it’s easy on the pocket, it makes it all the more attractive.
In addition to its performance, design, and reliability, the one other aspect going for this vehicle is its brand name and image and just the awareness that it is another bestseller from the automaker, Maruti Suzuki also adds to its overall value and appeal. And the Swift is in constant demand because it offers good mileage, is a good in-city car, spacious, neatly designed and it is available in both a 1.2L K Series petrol and a 1.3L diesel car engine variant. It is sporty and is perfect for the Indian road conditions and add-ons like low maintenance and good service network also gives it bonus points. And this sporty car is also much wanted in the used car market and it comes with a high resale value.
Maruti Suzuki Swift Dzire
The Maruti Suzuki Swift Dzire is deeply admired for scores of reasons. Its brand image and the following its parent, Maruti Suzuki has in the auto market in India is reason enough. On the other hand, its design, spacing, boot space, mileage numbers, and its competitive pricing make for an affordable compact sedan. The Swift Dzire retails well in the used car market and it fetches a very good resale value.
The relatively new, SUV, the XUV500 from the homegrown automaker, Mahindra has definitely made an impact on auto aficionados and this can be seen in its popularity, steady sales figures, powerful performance, design, style and its stance. This vehicle definitely packs a punch and is reckoned well in the toughly contested SUV segment in India. The car more than lives up to expectations and its popularity in the new car segment trickles into the used car market and the Mahindra XUV500 commands a good resale value and retails well in this sector too.
The Scorpio was one of the first SUV renditions from the homegrown automaker, Mahindra. Ever since its debut in early 2000s, it has been proven for its versatility, status, efficiency, design and is extremely symbolic to its maker, Mahindra, as it was one of the first SUVs from the automaker to have been devised, designed and crafted in India. And over the years, its popularity has grown leaps and bounds and it is also retailed globally too. Over the years, it has evolved and it is offered in both 2WD and 4WD variants. Its presence, ruggedness and its adaptability majorly works in its favor. Therefore, it also commands a good resale value in the used car market and older models do still fetch a decent price.
Hyundai Santro Xing
The Korean automaker, Hyundai has a long-standing presence in India having debuted in the Indian market in 1999 with its entry level, the Hyundai Santro and has stayed in the reckoning over the years with cars offered in most segments including entry level, hatchbacks, sedans, SUVs, and also luxury cars. The Santro Xing is one such hatchback that is still regarded for its affordable quotient and reliability factor. And what is surprising is that in spite of it being a discontinued model, it remains a hot favorite in the entry level, there is a good demand for it in the used car market, and it has a good resale value even today.
The Hyundai i10 is comparable to its competitor, the Maruti Suzuki Alto in size, stature, efficiency, and performance. Today, it is certainly a well-known vehicle that not only retails well in the new car market but even in the secondhand car market, it has good resale value. It’s definitely a decent buy as it is pocket friendly in terms of fuel efficiency and low maintenance factors.
The Hyundai i20 is one of the best made premium hatchbacks available in the Indian market. It has definitely won the hearts of many and it is well-liked and accepted for its style, efficacy, brand image and its interiors are definitely spacious and feature-rich. Owing to all of these pluses, its resale value is also equally competitive and is a bestseller in the used car segment.
In the sedan segment, the Hyundai Verna is definitely a winner. It has surpassed competitors in its segment and retails very well in the Indian market. Its popularity quotient is owing to its great looks, style, engine performance, affordability, features, and it is made available in both fuel variants. The Verna has people hooked for a variety of reasons and this continues and its high resale value is reflected in the used car segment too.
The Honda City has definitely been a game changer for the Japanese automaker, Honda. Ever since its launch, it has offered fierce competition to rivals in its segment. It has done extremely well for itself and has clocked consistent sales figures over the years. What sets it apart? It is its design, looks, spacing, interiors, performance and it’s a value for money vehicle. Its dream run continues in the used car market too, as its older models command good resale value.
Also check Top Trending Used Cars in India
Chevrolet Spark and Chevrolet Beat
From the American automaker, Chevrolet come hatchbacks like the Spark and the Beat which have a good presence in the Indian market. Reasons include its competitive pricing, mileage and fuel efficiency, small, neat looks and many supportive features. And owing to all of this and a lot more, its resale value is also equally competitive.
Toyota Etios and Toyota Innova
In the compact sedan and also the MPV segment, Toyota clearly has winners. Both the sedan, Toyota Etios and the MPV, the Innova are doing extremely well. In fact, the Innova is so well-entrenched in its segment, that it leaves its nearest competitor far behind in terms of sales and market presence. Both of these Toyota vehicles are liked for their performance, looks, design, and style. Not surprisingly, they have good resale value too.
Resale Values are definitely Impacting
Resale value of cars, its depreciation, and its popularity always act as guiding forces in the used car segment in India. For a vehicle to be in the reckoning, and to thrive well in both the new and used car segment, its resale value is of pivotal importance.