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.

How to Sell a Used Vehicle in India?

India as a market for pre-owned vehicles is structured on a much unorganised platform. Most of the people buy or sell their used vehicle through roadside small dealers. In such circumstances, there is a huge risk involved in every deal. The moment at present calls for enhancing the arena of organised and well-structured platforms that facilitate trade in the pre-owned vehicles of automobile industry. If we take a look at the disposal of second hand vehicles, it is very important to make use of the right platform to ensure maximum realisation on the asset. Let’s take a look at various platforms through which you can sell out a pre-owned vehicle.

·         Dealership

There are various dealers that facilitate the disposal of used vehicles in India. All you have to do is simply research on the nearest dealer to your home and take your vehicle there. Later on, it is his duty to hunt for the right customer for you. The dealer does charge a commission for the deal, which is a certain percentage of the total amount.

·         Bidding

Bidding is a quite new concept in the trade of used vehicles in India. But over the time, it has gained immense popularity amongst the people who are familiar to it. Companies, like Shriram Automall India Limited, facilitate a wide variety of bidding platforms on which people can acquire or disposed pre-owned vehicles. This bidding is carried out online, in an Automall or through negotiated deals. As an exciting medium, it offers best price realisation on the assets.

If you wish to dispose or sell any of your pre-owned vehicles, then do get in touch with Shriram Automall India Limited (SAMIL). As a pioneer in introducing well-structured bidding platforms for the trade of pre-owned vehicles and equipment, the company has brought a drastic change in the automobile industry.

“SAMIL has a pan India presence through its Automall facilities across the country. The recent launch of our Automall in Delhi is all set to facilitate an exciting bidding experience for the trade of pre-owned vehicles and equipment.” – Mr. SameerMalhotra, CEO of SAMIL    

Do's and Don’ts of Purchasing a Pre-Owned Commercial Vehicle

Are you hunting for a used commercial vehicle for your business? Great! That means your business is growing. But in case you are doing it for the first time, then be cautious as it can be a little intimidating thing to do. Do not relate it with buying a car because the considerations that go into the purchase of a used commercial vehicle are quite different. To make things easier for you, here are some dos and don’ts of buying a used commercial vehicle.  

Do's

• Your decision for a purchase must be based on your usage of the vehicle. Depending on that you will decide the category of options that you should explore. In case, you need it for transporting heavy goods, then a used mini truck will not serve the purpose.
• Fuel is one of the most important considerations that you should look for. In case, you are hunting for a bigger commercial vehicle, then remember that it will consume more fuel. If your business can afford that level of consumption then only go for this option. Otherwise, you will end up in a big tension in future.

Don’ts

• Never go unprepared while you visit a dealer to purchase a used commercial vehicle. It is mandatory for you to have all the technical knowledge so that you can make the most appropriate choice.
• Never say ‘Yes’ until you are not sure about the used commercial vehicle. Because that will result in future problems. That’s why, it is necessary to physically inspect the vehicle through a test drive.  

Now, after reading these dos and don’ts, if you wish to purchase a pre-owned commercial vehicle, then do get in touch with Shriram Automall India Limited (SAMIL). As a pioneer in giving structure bidding platforms for the trade of used vehicles and equipment, the company has spread its Automall facilities across the nation.

“At SAMIL, we make consistent efforts in ensuring customer satisfaction through our bidding platforms. We serve a wide range of pre-owned vehicles and equipment with utmost transparency.” – Mr. Sameer Malhotra, CEO of SAMIL.