Thread Starter
#1
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?
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?
Last edited: