Used Car Study 2026: Maruti S-Presso holds its value best among budget hatches

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 resale value study series, we first take a look at the budget hatchback segment:

Budget hatchbacks resale value 

*Average selling price (ASP) in Rs lakh

Following last year’s trend, the Maruti S-Presso petrol-manual continues to see the lowest average depreciation in the entry-level hatchback space. Interestingly, despite their differing positioning and appeal, the Maruti Alto and Renault Kwid trade at similar average resale prices, often separated by only a few thousand rupees.

The Renault Kwid witnessed several price hikes in 2022 alongside a mid-lifecycle update. Interestingly, in the used-car market, its MY22 manual versions depreciated more than the MY21 ones – the only exception to the depreciation trend.

Notably, one-year-old petrol-manual variants of the Kwid depreciated 2 percentage points more than those of the S-Presso, while the difference is much wider with the Alto K10 at 6 percentage points. That’s despite the fact that both the S-Presso and Alto K10 come from the same manufacturer and use the same engine. The difference, however, is much slimmer for the CNG variants. 

The study found that the average selling price of a five-year-old budget hatchback retailed through Spinny stood at Rs 3.98 lakh. Comparable figures for three-year-old and one-year-old budget hatchbacks were Rs 4.60 lakh and Rs 5.12 lakh, respectively. Average depreciation over the same periods worked out to 39 percent, 32 percent and 22.25 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.