Time for Used Car Safety Tips

Here Come’s the Monsoon!

We all stand in the mid of 2014 and monsoons are soon expected to drench the roads. With those tiny droplets of water, the entire city is going to experience the most amazing phase of the year. But, what about the wheels on road! Well, it’s time for them to tighten their grip and hold onto the road as they might witness a slippery phase of their life.

The onset of a monsoon season is quite an alarming period for used cars, especially. A need for their repair mostly arises during this phase only. So, here are some safety tips for used cars during monsoon.

·         Before you take your used car out for a drive in rain, make sure its tyres, wipers and brakes are working properly. Good visibility in rain is possible only through good quality wipers, which are often neglected by people. Get them repaired even in the slightest of doubt.

·          Next, check the tyres of your used car. They should neither be over inflated not under inflated.

·         Always carry a safety tool kit in your used car. It must incorporate a first-aid, torches, umbrella, basic medicines, etc.   

If your used car demands some repair, then do not forget to visit the nearest Automall of Shriram Automall India Limited (SAMIL). Get your car refurbished and take it on a long drive in rain.

“As a complete solution provider, we at SAMIL provide a plethora of services related to used vehicles and equipment under a single roof. Our refurbishment services are an initiative towards giving a new life to the vehicles in order to enhance their market value.” – Mr. Sameer Malhotra, CEO of SAMIL

Looking for a Used Car?

Check This Out!

No matter, how deep we dig into the pre-owned space of our automobile industry, there are still certain areas which showcase absolute unorganisation. However, there are major players in this segment of the industry which offer complete security and transparency in the purchase of second hand cars. These companies make customers enjoy the option of choice in the purchase of used cars.

Shriram Automall India Limited (SAMIL) is a one-of-its-kind facility, which facilitates the most exciting way of acquiring and disposing pre-owned cars. SAMIL had recently begun its journey in 2011 and today, India boasts it’s Automalls with this company and its innovative approach towards the business. It is the first-ever company in India to introduce the concept of physical bidding. Its Automalls spread across the country carry out real time bidding of not just used cars but also other pre-owned vehicles and equipment. Apart from this, it also has online bidding, private treaty and one stop classifieds, which together along with physical bidding form a strong base for the company.    

If you wish to acquire or dispose a pre-owned car, then SAMIL is the perfect option for a completely transparent and safe deal.

“Used cars form a substantial base for Indian automobile industry. Till now, most of the Indians prefer their first car to be a second hand car. Through this initiative, we take an initiative towards realizing their first-ever wheeling dream.” – Mr. Sameer Malhotra, CEO of SAMIL

What to look for in pre-owned cars of India?

Pre-owned cars market in India is experiencing the most fruitful phase of its journey. From Tata Nano to Mercedes, every brand is spread across the market. It is difficult to give credit to a single reason for this booming period as there are so many in the list, including

·         Low Cost

·         Easy Financing

·         Less Depreciation

·         Availability of Better Models

With the entry of major players in used cars of India, the market has evolved tremendously with lucrative incentives for the buyers. Apart from these, pre-owned cars in India are now available in one year warranty. This is yet another key attraction to this market. Despite of these advantages, it is imperative to check following aspects in a second hand car.

Brand: Do not forget to carry out research on a brand’s generic maintenance track.

Cost: While you make your decision, put in efforts to recognise the running cost of your second hand car. Also, take care of its spare parts and their price along with its resale value.

If you are looking for some credible source for your next second hand car, do not forget to get in touch with Shriram Automall India Limited (SAMIL). The company offers various pre-owned vehicles and equipment on its bidding platforms.

“With our used cars segment, we cater to the dreams of our country’s youth. That’s why we have best brands in the market for our customers.”  - Mr. Sameer Malhotra, CEO of SAMIL

Second Hand Cars Scenario in India

The kind of lifestyle that we all have adopted today has an imperative space for cars. The luxury has now been transformed into a necessity and various Indians prefer replacing their car every year. This scenario has somehow tremendously contributed in uplifting the second hand cars market in India to a great extent. People generally follow the trend of approaching a dealer or direct individuals for second hand cars in India. But, now this trend is gradually facing modification after the introduction of Automalls in the country. Shriram Automall India Limited (SAMIL) is the first-ever company in India to serve an exciting bidding platform to facilitate the exchange of second hand vehicles. It has spread the reach of its Automalls; pan India, with a mission to serve the most transparent form of deals in the second hand cars segment of Indian automobile industry.

Within in these Automalls, live bidding of second hand cars takes place which further facilitates in better price realisation of the assets. If you wish to acquire or dispose a second hand car, you can also visit www.samil.in.

“A major portion of our youth in India prefers a pre-owned car as their first wheels to ride on. Keeping their lifestyle in mind, we serve a wide variety of used vehicles and equipment in our online bidding events as well.” – Mr. Sameer Malhotra, CEO of SAMIL.

What to Look Out for While Buying a Pre-Owned Car?

Automobile industry in India is consistently enhancing its dimensions with a boom in the pre-owned cars segment. The last few months have showcased a tremendous growth in the sale of used cars in India. While people shifted their preference from new cars towards used cars, India began to ride on luxury at an affordable price. If we take a look at the trade of second hand cars in India, the sector is built on a quite risky platform with an incorporation of unorganised players to a great extent. In order to strike best deals while purchasing a pre-owned car in India, follow the points given below.

·         While purchasing a used car, make sure you pick the latest option out of the lot. There are various people who dispose their car immediately after few month of purchase. In fact, many sell their car even before its warranty period expires.

·         Do not hesitate and get lazy in carrying out an extensive research on your choice. Do look for any sort of complaint filed against the pre-owned car that you choose. This research can be carried out online as well.

·         Once you are sorted with the research, do not forget to do the physical inspection of the used car. Do check out its condition in order to avoid expenses in future.

·         Service records of a used car also play an important role in arriving at a wise decision. Always look out for a well-maintained service record which actually acts as proof for its better condition.    

If you are hunting for a pre-owned car in India, check out www.samil.in for a wide variety at some amazing prices. Shriram Automall India Limited (SAMIL) facilitates the trade of pre-owned vehicles and equipment through its transparent and well-organised bidding platforms.

“Pre-owned cars segment in India has witnessed a massive growth in the recent past. In quest of setting some incredible benchmarks in this arena, we at SAMIL addressed the growth through our transparent bidding platforms which further lead to building a strong association with the customers.” – Mr. Sameer Malhotra, CEO of SAMIL

It’s times to realise your dream of owning a car

Buying a car was always a dream for me since childhood as I belonged to a middle-class family. I clearly remember those days, when my dad used to travel by bus every day. In fact, I had also travelled with him by bus many a times. While travelling, I always used to prefer window seat and wonder how comfortable journeys would have been for people travelling in a car. Whenever I used to ask my dad about when we were going to purchase a car, his answer always revealed that money was a big constraint which kept us away from purchasing it. But, that desire always remained in my heart. And, now when I aspire to realise that dream, money still remains an issue for us.

This problem was soon sorted when I came to know about Shriram Automall through a friend. I shared my problem with him and he took me to one of the physical bidding locations of company. I was simply amazed to see a wide range of used cars that the company had within the premises of its Automall. And, the best part about acquiring a car from there was transparency that the company maintained in its deals. We all know that buying a used car in India is big risk for people. But, when I saw everything at Shriram Automall, automatically the trust developed. The company also provides loan on used cars through its parent company, STFC. Now, I feel anyone can realise his/her dream of owning a car through this platform without any issue.

Shriram Automall India Limited (SAMIL) has set up various Automalls across the nation in order to serve the wheeling dreams of people. It provides a wide variety of used vehicles and equipment on different bidding platforms, like Physical Bidding, Online Bidding, One Stop Classified and Private Treaty.

“The inception of SAMIL was aimed at realising the dreams of people by providing structured bidding platforms for the trade of pre-owned vehicles and equipment. Today, it feels proud to see several people living happily with their dreams come true through SAMIL.” – Mr. Sameer Malhotra, CEO of SAMIL

Used cars showcase stronger growth in current fiscal

The pre-owned segment of cars is expected to showcase a growth by 15-18% in this financial year. Within this segment, the organised sector is witnessing a growth by 40% annually. At present, 15% of transactions take place in the organised sector of pre-owned cars; rest of the transactions takes place in unorganised market.  

The next five years in automobile industry are going to observe double size for used cars market in comparison to the new cars. And, that means the pre-owned segment of cars will carry out a sale of 5 million units per annum by 2019/2020.

Reasons for growth
•  A strong growth of around 14% from 2007-08 to 2011-12 in new car segment, which further lead to huge used cars’ inventory
•  Change in consumer behaviour with reference to vehicle ownership. The duration of 5-8 years before replacement has gone down to 3-4 years.
•  Decrease in the difference between diesel and petrol prices has enhanced demand for pre-owned diesel vehicles.
•  A low population of pre-owned diesel cars

At present, around 2.5 million pre-owned vehicles are disposed in a year which takes the value of industry to over Rs. 40,000 crores.

Don’t think much, simply go for used cars!

When it’s about used cars, one cannot just depend on the first option for purchase. Obviously, a lot market research goes into the task in order to realise best out of the money. A better understanding of the vehicle and various other options available in the market helps in making a better decision which leaves no scope for regret in future. Never assume that if the car is not new that means you cannot expect good quality at a nominal price. In used cars category also, various options are available which can be relied upon for great performance.

Over the time, it has been observed that the used cars industry has grown at a fast pace. If you wish to crack best deal in this sector, it is mandatory for you to explore almost every outlet and develop a skill of negotiating over prices. But, always remember that even if a used car looks perfect in condition, that doesn’t mean it is not going to face any problem in future. We need to be extremely cautious while checking a used car’s condition. It is always wise to take help from an expert. He/she will be able to guide you properly.   

Always remember that purchasing a used car is at not all a bad option. In fact, used cars are the most attractive and reliable vehicles on road. Also, there are various options available in the market, which don’t look like an old car. So, always go for the used cars when budget is a constraint for you.   

Shriram Automall India Limited (SAMIL) offers a wide variety in used cars. For any brand in this segment, you can simply visit one of its Automalls or visit its website, www.samil.in

“With every passing day, we make consistent efforts in designing the most satisfying form of our offerings. In our wide range of used vehicles and equipment, used cars are an important part.” – Mr. Sameer Malhotra, CEO of SAMIL

Most Economical Cars in India

If we take a look at the Indian market of cars, there is a massive flood of compact cars. The reason of their presence in huge quantity is their economical nature. People find them a great value for money that they spend on it. Let’s explore the top cars in India, which people prefer while keeping budget into consideration.

·         Maruti Alto 800 LXI (Airbag)

This car is the most popular car in entry-level segment with an attractive exterior. While carrying a larger legroom and headroom, it captures the most comfortable expression in its interior. For the safety purpose, it contains an airbag as well. A huge section of Indian population rides on it daily. In fact, the pre-owned segment of this car is also very prominent.

·         Hyundai EON Sportz

This car has been especially designed with specific features that perfectly satisfy every whim and fancy of Indians. Equipped with all the standard features, this is a perfect pick for an economical purchase in cars. Its pre-owned segment is also quite prominent.

·         Maruti Suzuki - Wagon R 1.0

After Alto, this is known for having second largest sale in India. People prefer it more because it is not only a stylish car but is also equipped with a spacious interior. Its attractive features make it a perfect buy for people.

The current scenario showcases a great demand for used cars in India in comparison to the new ones. People generally prefer them as they are earned by spending less money.

Shriram Automall India Limited (SAMIL) serves a wide variety of pre-owned cars on its most transparent bidding platforms. To carry out the operations of acquiring and disposing used cars in India, the company has its various Automalls constructed across the nation.

“At present, India is witnessing a huge demand for pre-owned cars. Keeping the market scenario into consideration, SAMIL caters to every trend with utmost passion in its bidding operations across India.” – Mr. Sameer Malhotra, CEO of SAMIL 

The latest trend in used cars market in India

With a great demand generating in , the new cars market has taken a back seat. Due to more awareness amongst people about every latest trend in used cars market, this sector of automobile industry is booming at a fast pace.   

The current scenario in automobile industry showcases a great demand for used cars in India. On comparing them with new cars, graph appears to shift more towards used cars in India. That is because; people now have more clarity in terms of used cars market. Today, this business is getting shaped into a structured format with major players conceptualizing well organised platforms to carry out their operations.  

In India, a major section of the population prefers used cars over new ones. If we look into a scenario in which a nearly new car is compared with its same version in absolutely new car category, definitely the choice will bend towards the used one. This is because; the second hand car is already loaded with the same features and functions and its price is also less than the new version. In such a case, a person will always go for the pre-owned version.

Read more at:  http://articles.pubarticles.com/how-to-know-an-overview-on-used-cars-in-india-1395225372,1352810.html

Steps of Searching Used Cars in India

In search of the most appropriate used car in India, it is necessary define a good start for its process. Like it is said, well begun is half done; a great beginning will always yield excellent results in the end. It will not only save your time but also help you in spending very apt amount on the used car, purchased. Here are 3 simple steps that will make your search of a used car in India absolutely easy and convenient.

·         Visit World Wide Web

Instead of roaming around from one dealer to another, you can check out a wide variety of used cars in India online. This is the most easy and quick way of searching a pre-owned car in India.

·         Be ready with your questions

Before you get in touch with any dealer for a second hand car, make sure that you are ready with all the questions that will help you in arriving at a better decision. Decide in advance, which car you want to purchase and what all specifications you want in it.  

·         Make Choice

Once you have answers to your question, choose one or two options as per your requirement. Do not forget to check everything before making a purchase. This will help you in staying away with further expenses in case of a problematic car. Never rely on the information received on telephone or internet. It may not be always correct. Do visit the location and check the used car in person. In case, you do not have technical knowledge, you can take the help of some technical person also.   

Shriram Automall India Limited offers a wide variety of used cars in India. On its various bidding platforms, it connects buyers and sellers in the trade of pre-owned vehicles and equipment.

“While facilitating the trade of pre-owned cars in India, we aspire to realise every dream of our customers. With sheer transparency in our offerings, the objective is to share the most committed services in automobile industry.” – Mr. Sameer Malhotra, CEO of SAMIL

An Insight into Used Cars in India

How many cars on roads are new cars? Well, the question is tricky but the answer is very simple. Almost 100% cars on Indian roads are used cars. That’s because, once a car is driven off from the dealership store, it loses its value. Keeping the market scenario into consideration, used cars in India have won the race over new cars. There are various advantages in going for pre-owned cars. That’s why I prefer them over new ones. Let me share some tips on the purchase of used cars in India with reference to my recent experience in the same.

• Decide your budget

Once you have made up your mind to purchase a used car, decide your budget. In case of buying a pre-owned car, it is not necessary that you need money for just purchasing it. There are chances that you may have to spend some extra amount on its repairs. So, include such expenses in your budget.  

• Market Research

After getting sorted with the budget, do a research on what all options are available in the market for used cars. You can also get associated with some companies that offers used vehicles. For my second hand car, I got associated with Shriram Automall India Limited. It was an extremely satisfying experience in every aspect.

• Check condition and price

While selecting your second hand car, make sure that it is in an apt condition to ride on roads. Also, check its price as per the market trend. Do not arrive at a decision before being sure about every aspect, so that you don’t regret in future.

Shriram Automall India Limited facilitates a wide variety of used vehicles, including cars as well. Along with world-class services, it provides best prices in used vehicles.  

   

“Through our Auto venture, we serve a huge variety in some of the best brands in cars segment. In our every association with customers, we aim at realising their each dream with utmost passion.” – Mr. Sameer Malhotra, CEO of SAMIL

Used Cars in India –Booming Incredibly

Catering to the remarkable growth of used cars in India, Shriram Automall India Limited serves the most transparent and effective bidding platforms to facilitate their trade.Various manufacturers and their dealers have built a strong association with the company to dispose their used cars in India. Visit www.samil.in for more information about it.

The market of used cars in India is facing a remarkable growth in comparison to the new ones. And, this trend is aptly justified by a lower sales figure for new cars along with higher discount rates. In such a scenario, government makes its contribution towards demand generation by cutting down excise duty. But if we look at the state of used cars in India, the market is booming at a significant pace.

While discovering an opportunity in the same segment, Shriram Automall India Limited (SAMIL) facilitates the trade of used cars in India. Through its transparent and organised bidding platforms, including Physical Bidding, Online Bidding, Private Treaty and One Stop Classified, SAMIL brings the buyers and sellers together from around the country. Its recent initiative, Auto, is exclusively dedicated to used cars in India. Various manufacturers and their dealers, like TATA, GM, TOYOTA, have been associated with the company to dispose their exchanged, trade-in cars, unregistered, demo and display cars. While taking these associations further, SAMIL has conducted several physical bidding events in different locations, such as Mysore, Mangalore, Bengaluru, Delhi, Hubli, Coimbatore, Tamil Nadu, Calicut, Vijayawada, Raipur and Nagpur. The success ratio of these events is justified by its aggressive marketing strategies that go into the execution process. Through innovative promotional activities, it attracts a wide range of audience in its events. Keeping the aspirations of target audience in mind, every communication is designed effectively to mainly attract the end-users of used cars in India. By scheduling these exclusive events only on the weekends, the company enhances the footfall to a great extent. As a result, its every event becomes immensely prominent amongst potential buyers.

Apart from physical bidding, SAMIL ensures maximum certainty of sales through its other bidding platforms. While offering a wide range of pre-owned vehicles and equipment, SAMIL’s bidding platforms have been adopted by almost every brand in the automobile industry. The online bidding platform of SAMIL serves as the most easy and instant platform in terms of market reach. With every minor detail about inventories available, this platform helps masses in striking the most-suited deal for them. Through its private treaty platform, SAMIL bridges the gap between buyers and sellers in terms of negotiations. Its one stop classified is a virtual platform with exhaustive information on available inventories. Through a user-friendly interface, this platform scores high in terms of usage.

Ruling the aspirations of youth, cars will continue to be a substantial part of automobile industry. To maintain status, youth always go for the premium brands in automobile industry. But these desires lose all hopes when money comes into the picture.

This scenario has contributed immensely in grasping demand for used cars in India from that segment of the society and SAMIL is going to serve that demand with its growing steps towards pre-owned cars market in India.

On the grounds of fairness and transparency, it boasts of more than 100 bidding locations inclusive of 31 well-structured Automalls and aims at 60 Automalls in 2014. Sameer Malhotra.

Used cars market booming in India

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 

How Can We Buy a Used Car in India?

Over years, we have seen automobile industry enhancing its horizon to a great extent. Despite of new launches, every year, pre-owned segment of the industry is also gaining pace through structured platforms for trade. The major factor that contributes in people’s preference for used cars in India is price. Cost of new cars is always comparatively lower than the new ones. Pre-owned cars serve you an opportunity to enjoy luxury while investing less amount of money. Apart from all the positive aspects of pre-owned cars, there is a major drawback in dealing with such cases and that is risk. Instead of brand name, present condition of the vehicle contributes in your decision. Hence, one needs to extremely cautious while purchasing a used car. Let’s take a look at how we can do this without incurring any loss.

·      While you choose your pre-owned car, always opt for the latest option. Many a times, people just sell their nearly new cars a few months later to the purchase. In such a scenario, the warranty of those cars does not expire and gets transferred to the new owner. That will certainly contribute in peace of mind after you own it.

·         The best way to reduce the level of risk involved in such transactions is proper research on used car before finalising the deal. This way you get an assurance of your flawless journey with the used car ahead.

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Shriram Automall India Limited serves various structured platforms for the trade of used cars in India. Through a wide variety of inventory in good condition, it assures transparency and credibility in every transaction.

“At SAMIL, we have always aimed at making every experience of our esteemed customers simply incredible. With transparency and excellence, we aspire to be an indelible part of automobile industry. ” – Mr. Sameer Malhotra, CEO of SAMIL. 

SAMIL Showcases in Auto Expo 2014

Visit Us At:

India Expo Mart, Plot No. 23-25 & 27-29, Knowledge Park-II, Gautam Budh Nagar, Greater Noida-201306, Uttar Pradesh, India.

Between 7^th to 11^th February

With the onset of a substantial month for automobile industry, Shriram Automall India Ltd. (SAMIL) strikes a pose in the Auto Expo 2014. Through a substantial participation, the company aims at spreading its words to a wide range of audience at the Auto Expo. While explaining the entire experience of bidding; the videos at company’s stall will share an in depth overview of participation in its various bidding events. For information on company’s offerings and accomplishments, there will be handbills, mini brochures and newsletters distributed to the visitors. Its plan for upcoming exclusive bidding events on used passenger cars will be shared through a Calendar.   

While facilitating a well-structured bidding platform for the trade of used Commercial Vehicles, Construction Equipment, Tractors, second hand cars & SUVs, three Wheelers and two Wheelers, the company has stood as a pioneer in its arena of the automobile industry. Giving a professional shape to every transaction, SAMIL presents these used vehicles and equipment on its physical bidding platform, online bidding platform, one stop kiosk and private treaty. On these trading platforms, every esteemed brand finds an essential space amongst a plethora of options. While coating every deal with excellence and transparency, the company craves for consistent evolution by regularly updating its allied services, namely Parking, Valuation, New Look (Refurbishment) and Easy Finance (through STFC).

“Auto Expo, 2014 is a great platform for SAMIL to present its substantial contribution in the used vehicles and equipment segment of automobile industry. With this participation, we aim at leaving an unparalleled impression of our expertise on a mass audience.” -  Mr. Sameer Malhotra, CEO, Shriram Automall India Limited

Read more at: http://shriramautomall.blogspot.in/2014/02/shriram-automall-awaits-your-visit-at.html

NEED OF PRE-OWNED CARS

Cars, now, in any country are indispensable. Work has enlarged and so is the root for movement from one place to another. Now, more and more people are getting financially independent escalating the demand. Women too are learning to drive and gaining financial independence to do their own everyday jobs. This again is swelling the demand for pre-owned cars.

When a buyer can get a car in good condition for a price one –third less as compared with a new one, there is something to be said for buying a pre-owned car. The availability of many good internationally acclaimed cars on the Indian roads has added to the charisma of owning a car, be it even a pre-owned car.

The rapid growth of the organized pre-owned car dealers, the market for old vehicles continues to be dominated by individuals trying to sell and buy cars. In the testimony to the growing market of pre owned cars, its authenticity should be carefully checked. Wider selection and ready availability of car loans is driving the Indian pre-owned car market.

The process of buying a pre-owned car can be fruitful and risk free, if you take the necessary precautions and opt for buying certified pre-owned car.

Shriram Automall is yet another pioneering initiative engaged in facilitation services for disposal of pre-owned and repossessed/refurbished commercial vehicles, farm/agriculture equipment, construction/industrial equipment /machinery of all types and categories, passenger vehicles, three wheeler's and two wheeler's. Mr. Sameer Malhotra, CEO takes pride in setting up one of the most innovative concepts to address the massively diversified transportation system in India.

Buying a used car? Here's what to look out for

New Delhi: The used car market in India is still largely unorganised. Although most major auto companies now offer certified used cars, most of the transactions still take place in the open market.

Maruti, Hyundai, General Motors, Toyota, Tata Motors, Mahindra & Mahindra etc. all sell certified used cars complete with warranty, not just from their own stable but across brands.

There are different stages of checking and testing that these cars undergo, before being certified by the companies.

However, because these cars go through rigorous testing, the companies charge much more than what the neighbourhood used-car dealer would. 

There are also cars sold by these auto companies, without the certifications and the warranty, which cost substantially less, but they would still be more expensive than the dealer operating in the unorganised sector.

There's no reason to be too wary about the unorganised sector, as many a time you can pick up a great deal from there.

Buying a second-hand car is not a bad idea, but if you have the means, most people would suggest you go for a new car- simply because of the fact that there are less hassles involved. A new car is unlikely to give any trouble in the first three odd years at least.

Even if a car is in mint-condition, and has only run a few months or a few miles, it will attract a price much less that its original price, while being sold, because it is a depreciating asset. It is a good idea to keep a lookout for such deals while buying a used car.

"If you buy a new car for around Rs. 10 lakh and want to to sell it off immediately, you can easily shave off a lakh (Rs. 1 lakh)," says auto expert Tutu Dhawan.

The more premium and high-end the car, the better a deal the new buyer stands to get, opines Mr Dhawan.

For cars within the Rs. 5 lakh bracket, Rs. 50,000 can easily be discounted if it is being sold off in a month or two, he says.

Read more at http://profit.ndtv.com/news/industries/article-buying-a-used-car-heres-what-to-look-out-for-374408

SHRIRAM AUTOMALL TO EMERGE AS A CENTER FOR USED CARS

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.” 

Availability of Used Cars Online

India observes a huge market for used cars. These pre-owned cars tend to age over time and change hands from the first to the second, the third owner and so forth. The obvious concern, hence, has been the authenticity of such pre-owned assets. Hardly any organized platform existed in India to facilitate authentic transactions of used vehicles and equipment. Identifying an opportunity and leveraging on its experience of operating in this segment for decades, Shriram Group has launched the concept of Shriram Automall, an ideal platform for buying and selling of pre-owned vehicles, construction equipment, and agricultural equipment, second-hand cars etc.

SAMIL has widened its spectrum with its initiative of providing online business transaction platform for used cars. It is providing automobile manufacturers and it’s used car dealers an online platform to showcase and transact with their used cars online. This platform is a unique destination offering an opportunity to buy and sell used cars online from all the leading automobile brands. Aspiring customers can be comfortably placed at the cozy corners of their homes and work places and bid for their chosen pre-owned cars online at bids.samil.in.

Under the sage leadership of Sameer Malhotra, CEO of SAMIL is extending its outreach to different parts of India and by 2013; it is likely to open new branches in as many as 60 locations.