With used cars in India
winning the race over new cars, India is gradually catching up with the world
around. In case of new cars, the sales figures always showcase a lower trend
with discounts at high rates which further forces the government to cut down
excise duty for generating demand. The average sales figure for used cars is 3
million whereas it is 2.7 million for new cars. On comparing growth figures
between the two, the situation is harsher as it is 22-25% for used cars and a
flat figure for new ones in the last 3 years.
As per industry
officials, Indian auto market is heading towards growth just exactly the US way
where annual sales of used car
is three times the sales of new cars i.e. 44 million.
With the recent reduction in excise duty, a
change is definitely expected in the business scenario. The used car business
is certainly going to witness an upward trend because of a well-organised
structure now.
Read about used cars, then Click here
No comments:
Post a Comment