Used car study 2026: Hyundai Venue holds its value best among compact SUVs

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 compact SUV segment:

Compact SUV resale value 

In the compact SUV segment, the Hyundai Venue diesel-manual stands out for depreciating at the slowest rate, while the petrol variants depreciate much faster in the fourth and fifth years. Meanwhile, strong popularity of the Maruti Brezza in the new car market since the launch of its current-generation model in 2022 has translated into healthy used market demand and stable resale values.

On the contrary, both the Tata Nexon and Mahindra Thar exhibit relatively steeper depreciation over a five-year period. Notably, buyers looking at five-year-old diesel-powered Thar examples can now purchase one for nearly half of its original on-road price.

As per the study, the average selling price of a five-year-old compact SUV retailed through Spinny was Rs 9.70 lakh. Comparable figures for three-year-old and one-year-old compact SUVs were Rs 10.88 lakh and Rs 12.10 lakh, respectively. Average depreciation over the same periods worked out to 43.16 percent, 33.94 percent and 20.25 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.