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 sedan segment:
Midsize sedan resale value
*Average selling price (ASP) in Rs lakh
The Hyundai Verna petrol-manual displays the most stable depreciation curve among midsize sedans. Strong demand, modern styling and a well-rounded ownership experience appear to have positively influenced its used-market appeal. In contrast, five-year-old examples of the Honda City petrol-manual are currently trading at nearly half their original on-road prices.
Between the two European rivals, the Volkswagen Virtus appears to retain value marginally better than the mechanically identical Skoda Slavia. Meanwhile, one-year-old and three-year-old examples of the now-discontinued Maruti Ciaz seem to hold their value relatively better than other midsize sedans of the same age.
As per the study, the average selling price of a five-year-old midsize sedan retailed through Spinny was Rs 9.38 lakh. Comparable figures for three-year-old and one-year-old midsize sedans were Rs 11.25 lakh and Rs 12.95 lakh, respectively. Average depreciation over the same periods worked out to 43 percent, 34.8 percent and 24.8 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.
Uday Singh
Dipan Sur
Saptarshi Mondal
Viraaj Bhatnagar
Rivan RS 
