The premium SUV segment is governed by two ladder-frame SUVs – the Toyota Fortuner and the Ford Endeavor. Although it also includes other body models such as the Mahindra Alturas G4 and Isuzu MUX, as well as monolithic SUVs such as the Hyundai Tucson, Honda CRV, VW Tiguan Allspace, and Skoda Kodiaq, its low sales resulted in very little data. in the used car market. Therefore, due to the lack of a suitable database, we focused on all three with important data.
Although Endeavor is not a popular segment, it is still highly popular. The premium gear with a large panoramic sunroof and all-wheel-drive models make pre-owned models in high demand. Making Endeavor quite profitable in the used car market, the 2017 and 2016 diesel automatic transmissions have only slightly lower depreciation rates than the segment champion Fortuner. A manual diesel version is also available, but with fewer units sold, these are hard to find in the used car market.
The Fortuner is the best-selling car in its segment in the new market and therefore also performs well in the used car market. However, Toyota’s strong reputation for reliability is also an important factor in helping Fortuner maintain its value. The two-year and three-year categories depreciate the slowest. Interestingly, the Fortuner manual transmission also holds its ground in the used car market, although the automatic transmission is the preferred choice in the premium SUV segment. Toyota also offers the Fortuner with a gasoline engine with manual and automatic transmissions, but sales are only a small percentage, so there is not enough data on the used car market.
Mahindra Alturas G4
Despite all its strengths over the competition, Mahindra’s Alturas G4 premium SUV depreciates much faster. This is due to low demand in the new car market, mainly due to the lower brand value compared to Toyota Fortuner and Ford Endeavor. For example, over two years, the average sugar price lost 23.36% in 2019 was 35.17 lakhs; the price is over Rs 8 lakh.