Droom, an online automobile transactional marketplace, has just released its ‘Resale Value Report 2024’ for the highly competitive compact SUV segment in India.
The study evaluated cars such as the Hyundai Creta, Volkswagen Taigun, Skoda Kushaq and Kia Seltos on multiple parameters and rated the MG Astor as the highest-resale petrol car in the segment.
MG Astor received the highest resale value of close to 75% compared to its peers. Launched in 2021, the Astor is the country’s first SUV with personal AI assistant and ADAS level 2 technology and is popular for its advanced tech features.
The study has rated Hyundai Creta at a resale value equal to or less than 70%, Skoda Kushaq at 65-70% and the Volkswagen Taigun and Kia Seltos in the range of 60-65%, signifying a moderate level of depreciation.
The study evaluated cars such as the Hyundai Creta, Volkswagen Taigun, Skoda Kushaq and Kia Seltos on multiple parameters and rated the MG Astor as the highest-resale petrol car in the segment.
“As one of the leading e-commerce players for used car sales, Droom stays committed to empowering its customers with the right knowledge, helping them make informed purchase decisions. Our Resale Value Study evaluated some of the most popular compact SUVs over an extended period of time. The MG Astor emerged as the best choice for individuals and families seeking a reliable, secure, and technologically advanced pre-owned option,” said Omkar Palit, Senior Director, Operations, Droom, in a release.
Droom offers a 21st-century pure play e-commerce experience for automobile buying and selling. Droom is the market leader for automobile retail in India. Droom offers India’s largest selection of automobiles with 300k+ vehicles online in 1100+ cities — both used & new cars & 2-wheelers.
Droom is a technology and data science company that facilitates automobile buying and selling online through a combination of asset-light automobile e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry.
Droom has sold 500k+ vehicles and served over 1.5 million happy customers with its products and services. Droom was founded by Sandeep Aggarwal, the only tech-entrepreneur in India who has funded two Unicorns back-to-back (ShopClues and Droom). Droom is among the most trusted consumer Internet brands in India often recognised for its innovative approach and technology and is backed by marquee global investors, including Lightbox, Digital Garage, Toyota Group, Recruit, Beenext, Beenos, 57 Stars and many multi-billion-dollar family offices in SE Asia and Hong Kong.
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