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 in order 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 series of the resale value study, we are first taking a look at the budget hatchback segment:
Midsize Hatchbacks Resale Value
The Hyundai Grand i10 Nios petrol-AMT emerged as the strongest performer in terms of residual value, registering the flattest depreciation curve in the segment. Matching it closely are both the 1.0-litre and 1.2-litre petrol-manual variants of the Maruti Wagon R, whose consistently strong demand in the new and used car markets has helped preserve resale values.
At the other end of the spectrum, the Grand i10 Nios CNG sees the steepest depreciation among its siblings, while the Tata Tiago petrol-AMT also records relatively greater value loss over time. The Maruti Ignis is also among the ones to lose the most value over the five-year period. The Maruti Swift stands out in this company for having the most consistent rate of depreciation across both its manual and automatic variants.
As per the study, the average selling price of a five-year-old midsize hatchback retailed through Spinny stood at Rs 5.47 lakh. Comparable figures for three-year-old and one-year-old the midsize hatchbacks were Rs 5.84 lakh and Rs 6.58 lakh, respectively. Average depreciation over the same periods worked out to 40 percent, 31.9 percent and 20.3 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.
Dipan Sur
Uday Singh
Saptarshi Mondal
Viraaj Bhatnagar
