Current Trend in the Trade of Pre-Owned Vehicles in India

Around a decade ago, when automobile industry did not incorporate the presence of organised players, most of the used vehicles in India were disposed on a customer to customer basis. In fact, if we take a look at used cars, more than 60% of its sales were conducted within family and friends while the remaining was carried out through unorganised dealers. But now, the scenario has completely transformed. More and more well-structured players have taken a prominent place in the customers’ heart while serving them something which is of true value for their money.

Shriram Automall India Limited (SAMIL) is one such organised bidding platform that not only facilitates the acquisition of used vehicles in India but also plays a substantial role in their disposal. Beginning its journey in 2011, the company has bridged the gap between the buyers and sellers of pre-owned vehicles and equipment that too in the most transparent manner. Moreover, the company has also added various allied services in its portfolio, such as New Look, Parking, Valuation and Easy Finance, which gives it an edge of being a complete solution provider in the pre-owned vehicles’ business.    

“At SAMIL, we aim at consistently upgrading our bidding platforms, including Physical Bidding, Online Bidding, Private Treaty and One Stop Classified, to serve a simply incredible experience in the acquisition and disposal of pre-owned vehicles in India.” – Mr. Sameer Malhotra, CEO of SAMIL.