Used Car Market Trend Shift in Past few Years


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I remember long back in 2002/2003 when we (our family) started discussions about a 4 wheeler purchase, none of us knew driving (I can manage to drive, but zero experience in traffic) Finally we thought of getting a used car, preferably a M800 (cheaper solution) or a Zen (almost everyone in family liked the shape)

First we started searching for used cars within our known circle, friends and relatives but with no success. On a fine weekend went to Ramnagar area in Coimbatore where one could find atleast 2 used car dealers in every street. We looked several models and several dealers, but not satisfied with any of them. Finally our hunt for used car end with a brand new Alto.

Above story is out of the theme, now coming back to the topic.

In 2003 almost all used car dealers had Diesel cars (Uno, Escort, Ikon 1.8, Accent DLS, Zen D, Safari, etc etc) lying with them for months together without any takers. But all other petrol cars, they sell within a week or two. But this scenario went upside down now. There are no takers for Petrol cars, where as we couldn't find any diesel cars standing in the dealership (thanks to the petrol price)

Apart from the above scenario, in 2009/2010 when I started looking for a used sedan, I found many Octy diesel (2003-2005) from 2.7 lakhs onwards. But the same cars today, with double the mileage + 2 more years of running were quoted not less than 3.5L

Just adding few more examples (car price in 2009/2010 and now) of diesel cars

Year - Car - 2009 price - 2012 price
2003 - Octavia - 2.75L - 3.5L
2006 - Fiesta D - 3.5L - 3.5L
2007 - Fiesta D - 3.75L - 4.0L
2000 - Safari - 1.7L - 2.0L
2003 - Scorpio - 3.0L - 3.5L
2000 - Ikon - 1.5L - 1.8L
2004 - Qualis - 3.0L - 3.5L

With hike in petrol price, diesel cars started earning premium in used car market and the scenario for petrol cars in just opposite.

In 2010 one of our family friend sold his fully loaded Fiesta D with 100k on odo for 3L. Car was in pristine condition, with all services in time and replaced most of the mechanical parts in 80k service. Now he regrets that he should have retained the car for one more year and could have sold it for the same amount.

Is this trend shift only due to petrol price hike or any other factor too?
 
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This is due to petrol prices alone. Diesel guys are making merry, they should give carom party to petro & finance minister. [lol]
 
Thread Starter #4
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Even I was quoted 2.75L for my 2007 NHC vtec by a dealer, commenting on the petrol price.

Don't know where we will end up with. May be in near future we (petrol car owners) will be left with the option of scrapping the cars rather than selling it. [frustration]
 

allhyundaicars

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i will not just blame the petrol prices for the increase of price of diesel car i mean over the years the value of money has also depreciated and there's inflation as well.

and moreover the prices of the car has increased. so any dealer will set the prices by looking at the current prices of the car.
 
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i will not just blame the petrol prices for the increase of price of diesel car i mean over the years the value of money has also depreciated and there's inflation as well.

and moreover the prices of the car has increased. so any dealer will set the prices by looking at the current prices of the car.
Yes, but look at this :-

Swift petrol 2009 - Rs.2.35 L,
Swift diesel 2009 - Rs.3.95 L.

And this despite diesel running about 90k while petrol did about 60k.
 
Thread Starter #7
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so any dealer will set the prices by looking at the current prices of the car.
Agree with you. But the case of Octy is just out of imagination.

There is a complete list of cons against the car,
- Poor and inconsistent A.S.S
- Expensive spares
- Out of production
- 1.5 decade old design
- Noisy engine

Ofcourse it is built like a tank and excellent handler with superb FE figures, but the price quoted is increasing day by day.
 

allhyundaicars

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Yes, but look at this :-

Swift petrol 2009 - Rs.2.35 L,
Swift diesel 2009 - Rs.3.95 L.

And this despite diesel running about 90k while petrol did about 60k.
so what's the current difference for a new petrol and diesel swift [:)]

but i agree 1.6 lakhs and the diesel covering 90000 is a lot. not worth it.

Agree with you. But the case of Octy is just out of imagination.

There is a complete list of cons against the car,
- Poor and inconsistent A.S.S
- Expensive spares
- Out of production
- 1.5 decade old design
- Noisy engine

Ofcourse it is built like a tank and excellent handler with superb FE figures, but the price quoted is increasing day by day.
yes ok , you know this but others don't [;)] they will only find out after buying the car at that rate.
 
Thread Starter #9
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Swift petrol 2009 - Rs.2.35 L,
Swift diesel 2009 - Rs.3.95 L.

And this despite diesel running about 90k while petrol did about 60k.
This is the current market scenario. Petrol cars are being asked to sell for pea nuts [frustration]
The only petrol car that fetches same amount as few years back is OHC vtec. I could still see some true petrol heads ready to buy ONC in any condition for nothing less than 2L.
 
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