Does the popularity of Maruti Tour H3 in taxi market affect its resale value?
As the Maruti Tour H3 is widely used in the taxi industry, discussions are also going on about its effect on resale value. However, others point out that the high mileage and wear and tear on taxi use could flood the used car market with used WagonR's that are worn out and drag used car prices down for all WagonR's. Still others say that the Tour H3's popularity increases resale value, because it demonstrates the model's durability and reliability. The discussion also includes if private owners of WagonR could find it difficult to sell their cars because of the taxi tag. Should Maruti do more to differentiate the Tour H3 from the normal WagonR so as to protect the latter’s resale value, or is the current strategy good for both commercial and private owners in the long run?
In fact, the Tour H3's popularity actually works to its resale value. It proves that the WagonR platform is bulletproof. If it wasn't reliable, taxi drivers wouldn't use it.
It totally tanks the resale value, no way. Would anyone want to purchase a used car that looks like a cab? And high mileage ex-taxis flood the market, depressing prices for everyone.
I believe it depends on the buyer. The proven reliability of WagonR in taxi fleets might make it a great deal for some people, and they might see it as a great deal in a used WagonR. For the same reason, others might avoid it.
It's real, but that initial cost savings offset it. The economies of scale from taxi sales help Maruti keep prices down. So it evens out in the end.
I’m worried about this as a WagonR owner. My car is something I love, but I don’t know how I’ll sell it when the time comes. Maruti should do better at differentiating the Tour H3 from the normal WagonR.
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Discussions and Questions Does The Popularity Of Maruti Tour H3 In Taxi Market Affect Its Resale Value
Does the popularity of Maruti Tour H3 in taxi market affect its resale value?
30 December 2024 09:07
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