Conducted in association with Spinny, India’s leading pre-owned car platform, the fourth edition of our Used Car Study analyses real-world resale values across a broad spectrum of vehicles sold in the Indian market to assess depreciation trends over a five-year ownership period. The study is based on actual transactional data shared by Spinny for vehicles sold between January 1 and August 31, 2025.
In this part of the resale value study series, we take a look at the midsize SUV segment:
Midsize SUVs resale value
*Average selling price (ASP) in Rs lakh
Over a five-year ownership period, the Kia Seltos petrol-automatic showcases the strongest residual performance in the midsize SUV category, retaining value better than most of its rivals. Notably, the Seltos considered here is the outgoing version – the new Seltos was only introduced in 2026. As for the Skoda-Volkswagen duo, the Taigun saw greater depreciation over 4 years than the Kushaq.
Despite going on sale only since 2023, the Honda Elevate has already demonstrated promising used-market performance, with a notably flatter depreciation trend than expected for a relatively new entrant. In contrast, weaker demand for the MG Astor in the new-car market appears to have impacted its resale values as well, with the petrol-automatic version showing the highest depreciation in the segment.
As per the study, the average selling price of a five-year-old midsize SUV retailed through Spinny was Rs 12 lakh. Comparable figures for three-year-old and one-year-old midsize SUVs were Rs 13.43 lakh and Rs 14.81 lakh, respectively. Average depreciation over the same periods worked out to 44 percent, 35.4 percent and 22.30 percent, respectively.
Autocar-Spinny resale value study methodology
The analysis covers the average selling prices (ASPs) of vehicles retailed through Spinny’s network across nine cities – Delhi-NCR, Bengaluru, Hyderabad, Pune, Chennai, Mumbai, Lucknow, Ahmedabad and Kolkata.
For the purposes of this study, depreciation has been defined as the percentage difference between a vehicle’s original on-road price in its year of manufacture and its resale value in 2025. In instances where a model was offered with multiple engine options using the same fuel type, the data has been consolidated and averaged. Variant-wise differences have similarly been averaged out.
Discontinued models and powertrain options have been excluded. Additionally, premium vehicles priced above Rs 30 lakh, electric vehicles and certain low-volume models have not been included due to limited transaction data and insufficient sample sizes.