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

Ads by Eonads

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 is at the end of its lifecycle and that its new-generation replacement 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
Model Variant MY19 Depreciation % MY18 Depreciation % MY17 Depreciation % MY16 Depreciation %
Tata Harrier 2.0D MT Rs 14.99 lakh 16.39
MG Hector 1.5P MT Rs 15.95 lakh 3.56
1.5P AT Rs 18.45 lakh 3.57
2.0D MT Rs 18.52 lakh +2.08
Mahindra XUV500 2.2D MT Rs 14.56 lakh 24.10 Rs 13.32 lakh 29.29 Rs 10.76 lakh 40.46 Rs 9.25 lakh 49.92
2.2D AT Rs 17.35 lakh 20.34 Rs 15.52 lakh 26.31 Rs 12.33 lakh 39.60 Rs 10.82 lakh 47.96
Jeep Compass 2.0D MT Rs 20.33 lakh 15.80 Rs 16.24 lakh 32.70 Rs 14.11 lakh 37.95
2.0D AT Rs 22.30 lakh 30.94
1.4P MT Rs 17.04 lakh 9.99 Rs 13.02 lakh 29.26
1.4P AT Rs 18.46 lakh 23.87 Rs 15.63 lakh 34.54 Rs 15.09 lakh 34.80

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

Also See:

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

Source link

Ads by Eonads

Leave a Reply