The midsize sedan segment has experienced significant depreciation, particularly when compared to other vehicle categories. This decline can be attributed largely to changing consumer preferences that increasingly favor SUVs due to their advantages in road presence, ground clearance, and versatility.
Used Midsize Sedans Resale Value Study Results
A Used Five-Year-Old Honda City Automatic Sells for Half of Its Original Price
Within the midsize sedan category, the Maruti Ciaz stands out as the most resilient model, losing only 17% of its value after one year. However, older vehicles in this category tend to depreciate quickly. The Hyundai Verna demonstrates the most stable depreciation trend, allowing it to maintain its value better than its competitors over time.
Conversely, a five-year-old Honda City automatic generally sells for around half of its original price. The Volkswagen and Skoda sedans, specifically the Virtus and Slavia, exhibit similar depreciation patterns to each other.
Autocar India-Spinny Resale Value Study
This analysis is derived from a collaborative study conducted by Autocar India along with Spinny, a prominent used car platform operating in 22 cities throughout India, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh, and Indore. Spinny provided average selling prices (ASP) based on real transactions of 21,944 cars sold across its network during the calendar year 2024. In cases where a model had multiple engine options of the same fuel type or came in various variants, these were amalgamated and averaged for the study. Depreciation was calculated by determining the percentage difference between a car’s on-road price in its year of manufacture and its resale price in 2024.
