It’s only in the last two years or so that car makers have begun to launch automatic variants across their model range. Consequently, they are hard to find, or expensive, on the used car market. So, are there any good deals on Automatics on the used car market? In what price band do automatics start making sense? We put this question to Cartoq TRUE PRICE. We used the tool to identify top deals in price bands of Rs. 1 lakh—so from Rs. 1 lakh to Rs 2 lakh, Rs 2 lakh to Rs. 3 lakh and so on. Earlier, we did this exercise for Delhi and found automatics in good condition come only for upwards of Rs. 5.5 lakh. So is the situation any different in Mumbai.
Just in case you are new to Cartoq TRUE PRICE, here is a brief intro: The Cartoq Data Science team has built a Machine Learning model that estimates the TRUE PRICE of a used car, after accounting for all sorts of variables – brand, model, age, mileage, car type. With all factors accounted for, it predicts the TRUE PRICE, which then becomes the basis of comparing across cars. The best deals are those where listed price is lower than the TRUE PRICE.
So the list of cars generated using the Cartoq TRUE PRICE, has, amongst other details, a Ranking—this tells you where the car stood in terms of deal attractiveness in its price bracket. The analysis was done on May 25, 2019—by the time you read this, the specific cars might not be available. But the list provides a useful pointer: You have god chance of finding a pretty decent car in the Rs. 4 lakh to 5 lakh band.
Price Range: Rs. 2 lakh to Rs. 3 lakh
Price Range: Rs. 3 lakh to Rs. 4 lakh
Honda City 1.5 V AT DEAL RANK: 2
Year: 2012 / Mileage: 71,970 km / Used Car List Price: Rs. 350,000 /Ex-showroom Price: Rs. 12,31,000
SHOULD YOU BUY IT: You begin to get a few options—just 2 in the Top 10 deal—when you move into the Rs 3 lakh to Rs. 4 lakh price-bracket—the number 2 ranked entry on the list is a 2011 Honda City automatic and it has done about 72,000 km. At 3.5 lakh, you get a well-built car that was the most fuel efficient automatic in its generation. Worth a look—but do get a mechanic to inspect it. There is another Honda City auto at a marginally higher price but that’s about it.
Price Range: Rs. 4 lakh to Rs. 5 lakh
Hyundai Verna 1.6 CRDi OPT AT DEAL RANK: 1
Year: 2012 / Mileage: 78,723 km / Used Car List Price: Rs. 420,000 /Ex-showroom Price: Rs. 14,05,000
SHOULD YOU BUY IT: Options multiply as move into this price bracket—5 out of Top 10 deals are automatics. Hyundai Verna tops the charts with—yes, it has slightly more kms on odo than the Honda City listed above, but it’s a diesel and the top end variant. And diesel automatics are very rare. There are three Honda Citys and one Honda Jazz on the list—2 of the Citys have less than 50,000 km on them and the Jazz is a 2015 make with just 41000 km.
Mumbai threw a bit of surprise with good automatic cars with less than 50,000 kms clocked for under Rs. 5 lakh. Plus there is a diesel option in that price bracket. In Delhi, there were really no under 50,000 km or diesel automatics in the Rs 4-5 lakh bracket. You had to shell out Rs. 5.5 lakh to get one.
Featured image courtesy BSPFoto