SUVs Rule Used Car Market Despite Cheaper Hatchbacks Post-GST

• SUVs dominate India's second-hand car market, selling faster and retaining better resale value than hatchbacks.
• Despite a ~21% price drop for hatchbacks and ~29% for SUVs post-GST, SUV demand remained strong.
• High ground clearance, road presence, space, and safety drive SUV popularity among used-car buyers.
• SUVs are practical for India's rural/semi-urban road conditions, making them a preferred choice.
• Dealers favor SUVs for better profit margins and quicker inventory turnover compared to hatchbacks.

Why It Matters: SUVs maintain strong demand and resale value in India's used car market, outperforming cheaper hatchbacks.