News

Indian cars with the best resale value

Resale value is simply a component of "demand" - that is, how many people want that car.

Kabeer_ts recently shared this with other BHPians.

Here's a question that popped up: What cars hold their value so well that it's better to buy them new?

From my personal experience, it seems that you should never buy an EcoSport used because it holds its value so well that it's better to buy it brand new. I was curious if there are other cars like that.

Here's what Abhi5868 had to say on the matter:

The first car which comes to my mind is the almighty Innova. Almost cult-following + Toyota's overpricing + Toyota's legendary reliability = holding it's price very well.

Another car which comes to my mind is or rather was the 2nd gen swift. That's two mass market offerings which used to/still enjoy a massive following.

Here's what GTO had to say on the matter:

Resale value is simply a component of "demand" - that is, how many people want that car. New car prices are set by the manufacturer, but in my honest opinion, the "resale price" shows the true value of a car as resale is set by actual market dynamics .

Generally - and with very few exceptions - any car that sells well new will sell well used. If thousands of customers want to buy that car new every month, you can bet that thousands of customers want to buy that car used every month.

Hence, you only need to look at this chart:

The opposite is also largely true. A car that flopped new almost always suffers from poor resale. No one wanted it new, no one wants it used.

Thanks to Kabeer_ts once again! Check out BHPian comments for more insights & information.

 
A helmet will save your life