The midsize sedan segment has faced considerable depreciation, particularly when compared to other segments. This trend is largely driven by shifting consumer preferences, which have increasingly favoured SUVs for their perceived advantages in road presence, ground clearance and versatility.
Used midsize sedans resale value study results
A used 5 year old Honda City automatic sells for half of its original price
Within this category, the Maruti Ciaz proves to be the most resilient, losing just 17 percent of its value after one year. However, older examples lose value rather quickly. The Hyundai Verna, on the other hand, showcases the most stable depreciation curve, ensuring it retains its value better than competitors over time.
Meanwhile, a five-year-old Honda City automatic typically sells for half of its original price. Volkswagen and Skoda sedans' – namely the Virtus and Slavia, respectively – rate of depreciation is similar.
Autocar India-Spinny Resale Value Study
This finding is based on a joint study conducted by Autocar India in collaboration with Spinny, a leading used car platform operational in 22 cities across India, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh, and Indore. Spinny provided average selling prices (ASP) derived from actual transactions of 21,944 cars sold across its network during the 2024 calendar year. For the purpose of the study, if a particular model had multiple engine options of the same fuel type, or came in multiple variants, these were merged and averaged. Depreciation was calculated as the percentage difference between a car’s on-road price in its year of manufacture and its resale price in 2024.
