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If we analyze the data of the latest cars being introduced, we will find that the average lifespan of a car is drastically going down despite the rising costs. The availability of used cars in the market brings good news for the common man who cannot aff
The used car market in India is growing rapidly and there has been a surge in the demand for used cars in the last few years. Let us first try and understand what a used car is.
A used car or a secondhand car is a vehicle that had at least one owner in the past. The price of a used car will vary depending on the make, model, year and condition of the car.
You save money as you have to pay less than the original value of the car.
When driving you are tension-free as you are not worried about getting the first dent or scratch in your car.
There can be no cheating as the buyers can get certified used cars with warranty.
Every car undergoes depreciation but a used car depreciates at a slower rate when compared to a brand new car.
Getting insurance for a used car costs less when compared to the insurance costs for a new car.
The auto industry is changing rapidly. New cars are being introduced by the manufacturers and the prices of the latest models are higher when compared to the base model. New cars are getting costlier with every passing year and the common man is not able to afford them.
If we analyze the data of the latest cars being introduced, we will find that the average lifespan of a car is drastically going down despite the rising costs.
This is where the availability of used cars in the market brings some good news for the common man. The auto manufacturing giants are busy launching newer versions of their models much sooner now, as compared to a few years ago. There are more modern cars entering the used car market now which makes it easy for people with a tight budget to buy a car.
A used car is purchased more by people who are buying a car for the first time and are upgrading from a two wheeler or public transport to a second set of wheels.
Let us have a look at the Top 5 Used Cars from 2022
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Maruti Suzuki Wagon R, a popular hatchback which is also one of the best-selling used cars in India. In March 2022, it set a new sales record where 24,634 units were sold. The sales record has made Wagon R one of the best-selling used cars in India.
This car is available in the used car market in four variants- VXi, LXi, ZXi, and ZXi.
The new model of this car ranges from Rs 5.50 lakh. In the used car market, Wagon R ranges between Rs 2 and Rs 3.5 lakh.
Wagon R is one of the most fuel-efficient vehicles by Maruti.
The petrol variant of Wagon R with automatic transmission gives a mileage of 25.19 km/l.
The Maruti Suzuki Swift was launched in India in May 2005 and has become one of the favourite family cars. Maruti Suzuki Swift has won ‘The Indian Car of the Year' title three times.
The price of a pre-owned Swift ranges from Rs 4.5 lakh to Rs 5.25 lakh, depending on the number of kilometres driven and the year of manufacture.
The 2021 model of Maruti Swift is available in four versions and nine different colours.
The third-generation Swift is fuel-efficient, has a spacious cabin, and looks sporty. It has a 7.0-inch Smartplay infotainment system, auto climate control system, rear defogger, and also a reverse camera.
The safety features of this car include rear parking sensors along with anti-lock brakes. It has ISOFIX child seat mounts and dual airbags.
Toyota Innova was launched in the Indian market in the year 2005,and has turned out to be a market leader in the MPV (Multi-Purpose Vehicles) segment.
Toyota Innova is very comfortable to drive and gives superb performance with a low maintenance cost.
For safety, it has seven airbags, vehicle stability control, brake assist, and an ABS and EBD braking system.
The third-generation model features a door-edge lighting, multi-terrain monitor, air ioniser, head-up display, and more.
A second or third-generation model of Innova can be easily purchased from the used car market in the price range of Rs 5 lakh to Rs 10 lakh, depending on the manufacturing year. Innova also has a higher resale value as compared to the other used cars.
Honda City is the best old car in the premium sedan category.
This car is available in the used car market in the range of Rs 3.5 lakh to Rs 9 lakh. For the best driving experience, Honda City with the manufacturing year ranging from 2015 to 2020 provides a better driving experience to the buyers.
Honda City has a powerful engine, top-notch safety features, and an eye-catching premium design. The car comes with an analogue instrument cluster, cruise control, rear AC vents, Android Auto compatibility and Apple CarPlay.
For safety, it has a reverse parking camera, speed alert, brake assist, dual front airbags, and a few more.
Hyundai Verna rivals the Honda City in the used car market. This iconic C-segment car was launched in 2006 and has dominated the sedan market along with Honda City.
In the used car market, Hyundai Verna is available within a range of Rs 4.5 lakh to Rs 10.5 lakh.
Verna is currently available in four different versions, with both petrol and diesel engine options.
With its futuristic design, high-tech features, and a comfortable driving experience, Verna has become one of the best second-hand cars in India.
Verna is also loaded with many safety features that includes four airbags, an emergency stop signal, vehicle stability management, TMPS, and electronic stability control.
It gives a mileage ranging from 17.7 km/l to 25 km/l. In the used car market a third-generation model of Verna is more in demand by the buyers.
This article will give an idea to the buyers about the best-selling used cars in India. We will keep you posted about the used car market. For more updates, keep checking our website www.carbike360.com. in case of any query, feel free to contact us.
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