Used Car Reslae Value Trends

Petrol Vehicles typically retain about 50- 60% of their original value after 3-5 years.

  Factors that influence Value

  1) Lower Initial Cost

  2) More Environmental Friendly than Diesel Vehicles

  3) Low Maintenance

Looking ahead, the resale value of used petrol cars is expected to remain stable in urban areas.

Diesel Vehicles typically retain about 40- 50% of their original value after 3-5 years.

  Factors that influence higher depreciation value

  1) Cost of Compliance with BS6 Emission Norms is high

  2) Less attractive cost conscious buyers

  3) Raising Diesel Fuel Prices

  4) Banning of older diesel vehicles

Looking ahead, the resale value of used diesel cars is expected to decline further.

Electric Vehiclesare currently retaining about 45- 55% of their original value after 3-5 years.

  Factors that influence retain value depends on

  1) Battery Health and Range Anxiety

  2) Charging infrastructure limited availability

  3) Government Incentives

  4) Government supportive initiatives tax savings

Looking ahead, the resale value of used electric cars is expected to improve