The Indian used market is quite expansive and is full of options. The used car market is full of vehicles that can fit anyone’s need. However, there are many cars available in the used car market that can be bought for an affordable price as the owners of such cars are getting rid of them in a hurry. Which cars are these and why they are available at a throw-away price? Well, here are all the details.
The Chevrolet Cruze was known as the diesel-rocket in the segment. It was not very popular due to the brand name but there are many enthusiasts who bought the sedan and thoroughly enjoyed it. There are many Chevrolet Cruze sedans available at a very affordable price in the Indian market. Why getting sold at such low prices? Well, because the Chevrolet brand has closed down its shop in India the prices of the Cruze in the used car markets are depreciating faster than ever. It is a great car and Chevrolet is still offering service centres in India where these vehicles can be serviced regularly at a reasonable price.
Honda sold just over 50,000 units of the eighth-generation Civic in the Indian market before it was discontinued from the Indian market. Now that the all-new tenth-generation Civic is here, the price of the older Civic models will start to depreciate at a much faster pace in the used car market. Until now, the price of the old Civic remained stable in the market but that may change soon with the arrival of the new Civic. Nonetheless, the older-generation Civic is a great sedan and still looks way good than many modern cars in the market.
Honda Civic used car: Link1, Link2
Previous-generation Honda City
Honda City is a living legend in the Indian market. The City brand name on sale for more than 21 years in the Indian market and it remains one of the best-selling cars of Honda in the market. Honda introduced the all-new fourth-generation City in the Indian market in 2014, which means that the owners of third-generation or older Honda City models are selling the car at dirt cheap prices. It should be noted that Honda started offering the diesel engine only with the latest generation City and before that only iVTEC petrol engine was available with the car.
We are not talking about the all-new hybrid Honda Accord available in the Indian market. Honda launched the Accord in the Indian market in 2001 and launched the second and third generation of the car in the market until the all-new hybrid Honda Accord was launched in 2016. The Accord was not available for two years in the Indian market when the third-generation Accord was discontinued in 2014. There are many examples of the Honda Accord available in the used car market at this time and people are selling the car off due to the very bad resale value in the market.
Honda Accord used car: Link1, Link2
Skoda Superb is a brilliant car and is a very value for money product when it comes to the features of the vehicle. The first-generation of Skoda Superb was launched in the market in 2004 while the all-new latest generation of the sedan was launched in 2016. Skoda Superb is brilliantly built and is known for its good looks and performance. However, the after-sales service of Skoda in India is very infamous and there are many owners who are selling their Skoda Superb sedans at a very cheap price. Especially the previous generation vehicles are going for very attractive prices in the used car market.
The Skoda Laura was launched as the new Octavia in the international markets but due to the popularity of the previous-generation Octavia, Skoda decided to launch the new Octavia under the Laura nameplate in the Indian market. Even the Skoda Octavia sedans are available for very attractive prices in the Indian market but the Skoda Lauras get more attention in the used car market and are sold for much cheaper prices due to its non-iconic brand name in the market and depreciating resale value in the market. Also, sourcing the spare parts of old Skoda cars can be a pain in India.
The previous generation Ford Endeavour is a great buy for people looking for affordable 4X4 SUVs. Most of these well-maintained vehicles are available for very cheap prices in the market. The abundance of old Ford Endeavour in the used car market at a low price is due to various reasons. The spare parts are very costly when it comes to the old Endeavour. Also, the NGT ban on old diesel vehicles in Delhi-NCR is causing a lot of owners to sell the vehicles at cheap prices.
The Mitsubishi Pajero is a great vehicle for off-roading. However, there are many good and well-maintained examples of the Pajero available in the market that are going for dirt cheap prices. One of the main causes of this is the almost non-existent after sales network of the brand in India. It is quite difficult to maintain the old Pajero if it fails and you are not friends with a local mechanic. Even the spare parts of the old Pajero are very expensive.