Used car study 2026: Maruti Ertiga holds its value best among MPVs

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 MPV segment:

MPVs resale value 

The MPV segment spans a broad price spectrum, starting with the affordable Maruti Eeco and extending up to premium offerings such as the Kia Carens. Dominating the segment in terms of resale value retention, however, is the Maruti Ertiga, which continues to exhibit the flattest depreciation trend over a five-year period.

Meanwhile, the Renault Triber showed the highest depreciation, more so for the AMT variants. Due to limited used market transaction data, the Toyota Innova Crysta and Hycross have been excluded from this study. 

As per the study, the average selling price of a five-year-old MPV retailed through Spinny was Rs 7.47 lakh. Comparable figures for three-year-old and one-year-old MPVs were Rs 10.50 lakh and Rs 11.16 lakh, respectively. Average depreciation over the same periods worked out to 38.5 percent, 33.10 percent and 18.15 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.