Categories: Articles

Droom Releases Resale Value Report 2024 for India’s Compact SUV Segment

Droom, India’s pioneering online automobile transactional marketplace, today 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 sets a benchmark as the Highest Resale Petrol Car in India

In this rigorous comparative analysis by Droom, the MG Astor received the highest resale value of close to 75% compared to its peers. Launched in 2021, the Astor is India’s first SUV with personal AI assistant and ADAS level 2 technology and is popular for its advanced tech features.

Speaking about the study, Omkar Palit, Senior Director, Operations, Droom said, “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.”

The study 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.

About Droom – Summary

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, and other vehicles too. Droom is a technology and data science company that facilitates automobile buying and selling online through a combination of our asset-light automobile e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry.

Our automobile e-commerce platform, which includes our website and mobile apps that offer users selection, low price, trust, and convenience second to none. Our US patented proprietary technologies offer full control and curation in buyers journey including benchmark pricing, inspection, vehicle history, vehicle discovery, used vehicle certification, loan, insurance and doorstep delivery.

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 recognized 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 multibillion-dollar family offices in SE Asia and Hong Kong.

Paras

Recent Posts

Why do Indian Students want to Study Abroad

From meager 50,000 Indians going to study abroad in 1999, the numbers have risen to…

2 hours ago

Whatfix and Deloitte India Forge Strategic Alliance to Accelerate Adoption of Digital Solutions for Indian Enterprises

Whatfix, a global leader among digital adoption platforms (DAPs), has entered into a strategic alliance…

2 hours ago

The Akshaya Patra Foundation Amplifies the Partnership with BW LPG India to Fuel Mid-Day Meals Across India

The Akshaya Patra Foundation, a non-profit organisation focussed on providing unlimited food for education for…

2 hours ago

Indian Para-athlete and Disability Rights Activist Ms. Suvarna Raj Wins Prestigious United Nations SDG Action Award in Rome, Italy

In a landmark achievement for India, Suvarna Raj, a celebrated para-athlete and a passionate disability…

3 hours ago

Introducing New Exclusive Games on Parimatch: Coin Train and Fruit Box Classic

Parimatch is excited to announce the launch of two new exclusive games tailored specifically for…

3 hours ago

A Diwali Gift for Healthcare Sector: Tech Mahindra Foundation and GIZ Unveil ‘Healthcare-Careers’ Portal for Allied Professionals and Recruiters

In a strategic move to address the growing demand for skilled professionals in India's booming…

3 hours ago