Gurugram | 29th January 2021: India’s most-trusted marketplace to buy and sell used cars, Droom, has come up with the latest edition of its Orange Book Value (OBV) survey. The survey gives insights into the resale value of leading vehicles across multiple segments including SUV, Sedan, and Hatchbackamong others.
According to the latest survey, MG HECTOR has commanded the highest resale value around 90% in one year)within the C-Segment SUVsfollowed by Mahindra XUV500, Jeep Compass and Tata Harrier. The frontrunner in the Sedan category was Maruti Suzuki Ciaz, followed by Honda City, Hyundai Verna and Skoda Rapid.OBV is a free-to-use international product and gives the price of used vehicles under 10 second using AI and data science fromaround38 countries. So far, OBV has served more than 450 million price checking queries on its platform.
Speaking on the development, Akshay Singh, Chief Strategy Officer, Droom said, “At Droom, we have a strict vehicle assessment process that analyzes pre-loved cars across 1000+ parameters. It ensures that our customers receive accurate value against every rupee that they spend on vehicles. OBV’s latest trends reveal that several automobiles have stayed true to their promise of dependability and performance across segments. Some of the best offerings available today in the market include MG HECTOR and Maruti Suzuki Ciaz with compelling resale values and can be looked forward by customers.”
Droom’s OBV is an ingenious algorithmic pricing engine that accurately prices a used vehicle based on a scientific US patent-pending methodology OBV covers more than 5mn+products comprising cars, bikes, scooters, bicycles, and planes. For more details on Orange Book Value, visit www.orangebookvalue.com.