MG Hector has best in class resale value in Autocar India, OLX Autos study

    Published On Aug 20, 2021 12:11:00 PM

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    We kick off our resale value study with the executive SUV segment, which throws up some eye-opening revelations.

    The executive SUV segment comprises four competitors – the Tata Harrier and MG Hector, both of which launched in 2019, the Jeep Compass, which made its India debut in 2017, and the Mahindra XUV500, which has been around since 2011 and is now replaced by the XUV700. The study of this segment threw up some very interesting findings, including a car that has actually appreciated.

    Tata Harrier

    The average resale price of a 2-year-old Tata Harrier in 2021 is Rs 14.99 lakh, which is 16.39 percent lower than its 2019 average on-road price, and this is par for the course.

    MG Hector

    MG’s low depreciation value, on the other hand, comes as quite the shocker, even showing an appreciation in value for the diesel-manual variant. However, this is mainly due to the SUV’s substantial price hikes since its launch, coupled with the fact that the Hector has a strong demand in the new car market and there currently is a long waiting period for it. These large price hikes have seen owners ask for lofty values that are sometimes the same or even slightly more than what they originally paid for the SUV. For instance, the on-road price for a new Hector today is between Rs 80,000 to Rs 1.60 lakh higher than what it was in 2019.

    Jeep Compass

    The most expensive car here, the Jeep Compass, sees a varied level of depreciation. The base petrol-manual variant holds on quite well to its value, whereas the pricey top-spec diesel-automatic is the quickest to fall.

    Mahindra XUV500

    Being the oldest in its segment by far, the Mahindra XUV500 sees the highest depreciation rate. It gets a diesel-manual and an automatic option, and it’s the latter that holds better value. Given that the SUV reached the end of its lifecycle and that its new-generation replacement, the XUV700, has been talked about for some time now, the high depreciation rate is only to be expected.

    Average resale price and depreciation value in 2021
    ModelVariantMY19Depreciation %MY18Depreciation %MY17Depreciation %MY16Depreciation %
    Tata Harrier2.0D MTRs 14.99 lakh16.39------
    MG Hector1.5P MTRs 15.95 lakh3.56------
    1.5P ATRs 18.45 lakh3.57------
    2.0D MTRs 18.52 lakh+2.08------
    Mahindra XUV5002.2D MTRs 14.56 lakh24.10Rs 13.32 lakh29.29Rs 10.76 lakh40.46Rs 9.25 lakh49.92
    2.2D ATRs 17.35 lakh20.34Rs 15.52 lakh26.31Rs 12.33 lakh39.60Rs 10.82 lakh47.96
    Jeep Compass2.0D MTRs 20.33 lakh15.80Rs 16.24 lakh32.70Rs 14.11 lakh37.95---
    2.0D ATRs 22.30 lakh30.94------
    1.4P MTRs 17.04 lakh9.99Rs 13.02 lakh29.26----
    1.4P ATRs 18.46 lakh23.87Rs 15.63 lakh34.54Rs 15.09 lakh34.80

    Notes: Depreciation percentages are based on original on-road prices

    Also See:

    Autocar India, OLX Autos team up for comprehensive Resale Value Study

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