Used car study 2026: Tata Punch holds its value best among sub-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 sub-compact SUV segment:

Sub-compact SUV resale value 

*Average selling price (ASP) in Rs lakh

The sub-compact SUV space has evolved rapidly since 2023 with the arrival of newer entrants such as the Hyundai Exter, Maruti Fronx, Toyota Taisor and Citroën C3. Due to limited used market data, the Toyota and Citroën models have been excluded from this analysis.

Among the remaining contenders, the Fronx appears to hold its value particularly well in the short term. However, over a longer ownership cycle, the Tata Punch demonstrates the flattest overall depreciation curve, outperforming rivals such as the Nissan Magnite and Renault Kiger. The latter two are quite evenly matched through the analysis period. 

As per the study, the average selling price of a five-year-old Tata Punch retailed through Spinny (the only car for which we have 5-year data in this segment) was Rs 4.74 lakh. Comparable figures for three-year-old and one-year-old sub-compact SUVs were Rs 6.86 lakh and Rs 7.63 lakh, respectively. Average depreciation for the third and fifth years worked out to 34.33 percent and 22.33 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.