Indian automobile
second hand market is booming as people from all over the world are attracted
towards the used cars. With the improved quality of used cars in India and wider
selection, greater acceptance for the used cars among the customers is
observed.
Pre–owned car dealers
are more in demand in this financial year in contrast to the new car dealers.
New car sales have witnessed a great dip due to the resilient slowdown of
economy. Car buyers in India are extremely price sensitive. Fresh new cars attracts
huge amount and empties one pocket. The acquisition cost is also very high as
compared to used cars, excise duty and road taxes have increased which in turn
makes the used cars a good value for money.
Pre-owned cars
purchased from the reliable source is a must, one need to keep in mind to make
deals in the used cars segment intelligently as what you get is a used car
converted into a new car that is optimized for trouble-free performance and
needs minimum maintenance.
The figures are estimated to be
1:1 for every one new car, one pre -owned car is sold.
Used cars have always
been in demand and with each year passing by, the future of used cars seems to
see no dull moment.
Mr. Sameer Malhotra CEO of Shriram
Automall said, “their effort lies in setting the thrust for the owners to
dispose off their used cars and at the same time, empowered the small fleet
owners to fuel their entrepreneurial ambitions by acquiring the used cars.”
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