Best Resale Value Cars in India in 2024

Best Resale Value Cars in India in 2024: Buy and Sell with Carxstream

Investing in a car is a significant decision, and one of the smartest ways to maximize your investment is to choose a vehicle with excellent resale value. In 2024, several car models in India stand out for retaining their worth over time, making them great options whether you're buying new or pre-owned.

Whether you’re a buyer or a seller, Carxstream offers the ideal platform to make your transactions hassle-free. Carxstream’s innovative system ensures a smooth experience through features like certified listings, instant auctions, and secure payments. Let's explore the top cars with the best resale value in India for 2024, along with the factors that make these cars such valuable assets.

Factors Influencing Car Resale Value in India

Before diving into the top cars, it’s essential to understand the key factors that impact a vehicle’s resale value in India. Being aware of these will help you make a more informed choice and secure a better return on investment when it's time to sell.

1. Brand and Model
   Cars from well-established brands, especially those with a strong reputation in India, tend to hold their value better. Models with a long history of reliability and performance also contribute to higher resale prices.
2. Vehicle Condition
   A car’s physical and mechanical condition is one of the most critical factors. Vehicles with minimal wear and tear, low mileage, and an up-to-date service history tend to command a higher price in the used car market.
3. Market Demand
   High-demand models generally have better resale value. For instance, SUVs are highly sought-after in the Indian market, which helps them retain their value longer compared to other vehicle types.
4. Features and Upgrades
   Cars equipped with modern features, such as infotainment systems, safety enhancements, and fuel-efficient engines, tend to fetch higher prices. Buyers are increasingly interested in vehicles with advanced technology and convenience features.
5. Year of Manufacture
   Newer models naturally retain a higher resale value compared to older ones. Typically, a car’s value depreciates the most in the first few years of ownership, but some models hold their value better over time.
6. Color
   While often overlooked, a car’s color can influence its resale value. Neutral, popular shades like white, silver, and grey tend to sell faster and for a higher price compared to less conventional colors.

With these factors in mind, let's take a look at the top cars in India that offer excellent resale value in 2024.

Top 10 Cars with the Best Resale Value in India for 2024

1. Honda City

• Fuel Type: Petrol
• Body Type: Sedan
• Mileage: 17.8 km/l
• Ex-Showroom Price: ₹11.81 lakh–₹15.97 lakh
• Used Car Price: ₹10.54 lakh

The Honda City continues to be a crowd favorite thanks to its sleek design, premium interiors, and excellent performance. Its consistent popularity, paired with its strong market demand, ensures that it has one of the highest resale values in the sedan category. Whether you're buying it new or used, the Honda City is a solid investment.

2. Mahindra Scorpio

• Fuel Type: Diesel
• Body Type: SUV
• Mileage: 15 km/l
• Ex-Showroom Price: ₹12.64 lakh–₹16.14 lakh
• Used Car Price: ₹15.14 lakh

Known for its rugged build and off-road capabilities, the Mahindra Scorpio holds its resale value exceptionally well. It’s one of the most popular SUVs in India, and its combination of durability and performance makes it a valuable asset in the used car market.

3. Maruti Suzuki Swift Dzire

• Fuel Type: Petrol, CNG
• Body Type: Sedan
• Mileage: 22 km/l (Petrol), 31 km/kg (CNG)
• Ex-Showroom Price: ₹9.45 lakh onwards
• Used Car Price: ₹7.58 lakh onwards

Maruti Suzuki's Swift Dzire is one of the most fuel-efficient sedans in India, which makes it highly desirable. Its ability to retain value, especially in its CNG variant, is one of the reasons it's a go-to option for used car buyers.

4. Toyota Innova Crysta

• Fuel Type: Petrol, Diesel
• Body Type: SUV
• Mileage: 12 km/l
• Ex-Showroom Price: ₹16.68 lakh–₹24.69 lakh
• Used Car Price: ₹20.47 lakh

As one of the most reliable and spacious MPVs on the market, the Toyota Innova Crysta enjoys high demand, making it a top choice for families and businesses alike. The Innova’s legendary reliability helps it maintain a high resale value even after years of use.

5. Hyundai i20

• Fuel Type: Petrol, Diesel
• Body Type: Hatchback
• Mileage: 21 km/l
• Ex-Showroom Price: ₹7.07 lakh–₹11.62 lakh
• Used Car Price: ₹4.78 lakh

With its stylish design, top-notch features, and excellent performance, the Hyundai i20 is one of the most sought-after hatchbacks in India. The i20 has a strong resale value due to its premium positioning and feature-packed variants.

6. Maruti WagonR

• Fuel Type: CNG, Petrol
• Body Type: Hatchback
• Mileage: 34.05 km/kg (CNG), 25.19 km/l (Petrol)
• Ex-Showroom Price: ₹5.52 lakh onwards
• Used Car Price: ₹4 lakh onwards

The Maruti WagonR is known for its practicality, affordability, and fuel efficiency, particularly in its CNG variant. It is one of the most reliable cars for urban driving, and this reliability contributes to its strong resale value.

7. Volkswagen Polo

• Fuel Type: Petrol
• Body Type: Hatchback
• Mileage: 18.24 km/l
• Ex-Showroom Price: ₹8 lakh onwards
• Used Car Price: ₹6.78 lakh onwards

The Volkswagen Polo is loved for its sturdy build and sporty performance. It’s one of the top hatchbacks in terms of resale value, thanks to its long-lasting appeal and premium feel.

8. Maruti Swift

• Fuel Type: CNG, Petrol
• Body Type: Hatchback
• Mileage: 31 km/kg (CNG), 23 km/l (Petrol)
• Ex-Showroom Price: ₹6.7 lakh onwards
• Used Car Price: ₹6.2 lakh onwards

The Maruti Swift has long been one of India’s best-selling hatchbacks. Its strong resale value can be attributed to its unmatched fuel efficiency, affordability, and popularity across urban and rural markets.

9. Toyota Fortuner

• Fuel Type: Diesel
• Body Type: SUV
• Mileage: 8.0 km/l
• Ex-Showroom Price: ₹32.59 lakh–₹50.34 lakh
• Used Car Price: ₹16.9 lakh

The Toyota Fortuner is synonymous with luxury SUVs in India. With its strong brand reputation, durability, and premium features, it retains excellent resale value even after several years of use.

10. Hyundai Creta

• Fuel Type: Petrol, Diesel
• Body Type: SUV
• Mileage: 17 km/l (Petrol), 21 km/l (Diesel)
• Ex-Showroom Price: ₹10.87 lakh–₹19.20 lakh
• Used Car Price: ₹7.6 lakh–₹16 lakh

The Hyundai Creta is another SUV that has captured the Indian market. Its modern design, powerful performance, and an array of features make it highly desirable in the used car market, resulting in great resale value.