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    

Nissan Eyeing On Datsun To Increase It’s Sales

Nissan Motor Co. is optimistic about low cost Datsun brand which could help in increasing its sales in India. Datsun Model – the “Go” hatchback with a price range of INR3.12lacs to INR3.70lacs, will be competing with India's crowded small-car market, which includes Maruti, Suzuki's popular Alto 800 hatchback.

By the end of February Nissan has captured 1.4% share in the local passenger vehicle market.

Nissan is targeting to acquire 10% share of India’s passenger vehicle market by 2017, which has already been delayed due to fall in sales of domestic cars in the economy.

Reasons to prefer second hand commercial vehicle

Starting a business with the second hand commercial vehicle or upgrading the existing vehicle is a right choice.

While starting a business huge capital is needed to raise assets and more funds, buying a second hand commercial vehicle is a good way out as one can decently use the raised capital on the most prioritised asset or other things.

·         Second hand commercial vehicles are comparatively more reasonable than the new ones;

·         All you need to do is carefully set the budget and decide from where to raise funds to purchase the second hand commercial vehicle.

·         Each and every commercial vehicle is unique when we see to its price, safety and features.

·         Buyer of the second hand commercial vehicle firstly needs to decide his preference for the brand of the second hand commercial vehicle. There is a long list of commercial vehicles manufacturers. Buyers of the second hand commercial vehicle generally go with their brand loyalty.

·         Always select the used commercial vehicle that goes with your business needs and has a clean record i.e. no accident report, no major damages.

·         So after deciding the price, manufacturer now it’s the time to decide how to raise funds for it.

·         Negotiate the claim price with the seller or the dealer of the used commercial vehicle.

·         Carefully examine the used commercial vehicle that you are willing to buy.

·         Visit the bidding events and bid from the large displayed variety of used commercial vehicles

“Shriram Automall India Limited is the pioneer in facilitating well-structured bidding platforms and offer its prospective buyers with a wide range of used vehicles and equipment in various segments, namely Construction Equipment, Commercial Vehicle, Tractors, Cars & SUV’s, 2 Wheelers, 3 Wheelers “- Mr. Sameer Malhotra, CEO of SAMIL.

Overview on used vehicles

India is considered to be a high potential market for automobiles. Nowadays it’s a mandatory issue for everybody to possess a vehicle as it highlights your status, standard of living.  Due to the current economic slowdown, automobile sales are declining but the used vehicle market has experienced a radical growth. The flow in the demand for used vehicle has reached up to a much great heights.

Buyers are flooded with huge variety of used vehicle powerful models that surpass in terms of appearance and performance. The expected reason behind the declining desire in case of purchasing a brand new vehicle can be the high inflation and interest rates and may be uncertainty in the job market. Hence majority of people are turning towards the used vehicle segment.

Once when you decide the budget for your purchase of used vehicle and what kind of used vehicle you are interested in carefully make the proceedings.

• It is always  recommended  to do research work before buying a used car
• Used vehicles are always less expensive not only buyer gets the advantage of price but also of the insurance and registration fees.
•  Also the cost of the brand new vehicle depreciates immediately than the used vehicle.
• Always try to know the used vehicle history; accident cases, any major damages etc.  
• Always buy certified used vehicles, as they go through strict inspection and fair evaluated price
• Ask the seller  for the VIN  (vehicle identification number) and the list of used vehicle repair  history

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“Shriram Automall India Limited bestows the most professional bidding platforms to both its sellers and buyer of the used vehicles and construction equipment segment. SAMIL has evolved as a pioneer in facilitating consolidated services namely fair valuation, refurbishment and parking facility “- Mr. Sameer Malhotra, CEO of SAMIL.

Advantages of Trading of Used Cars Online

With the onset of new media, trading has enhanced its arena to a great extent. Buying and selling of used cars is an important element of automobile industry. With a huge number of eyeballs to its credit, internet is considered to be a great medium for buying and selling used cars. Despite of various advantages, people doubt on this medium in terms of credibility and authenticity. But, with the incorporation of various reliable websites, this point serves no purpose now. Here are some of the benefits associated with this medium:

For Buyers

·         Easy and Instant

If you wish to buy used car online, a completely easy and instant experience is guaranteed for sure. It is also possible to buy a used car on the same day.

·        Wide Range of Used Car

As a buyer, you will have various options to explore online and you will definitely end up buying a used car of your choice.

For Sellers

·        Instant Revert

Once you have posted your advertisement of used car online for sale, do expect to receive a large number of reverts on an instant basis.

·         No Cost Involved in Advertising

When you sell your used car privately, there is a proper cost involved in spreading your words through an advertisement. But in case of online, such expenses are required.  

More related to used cars online, click here

Shriram Automall India Limited (SAMIL) offers various well-structured platforms to facilitate the trade of used cars. Its online bidding platform plays an unbelievable role in this aspect. Along with various allied services, SAMIL is prominently known for its great relations with the customers.

“The vision at SAMIL goes beyond profits to lead a business which is more of customer centric. Our motto has always been to develop strong relations with customers while contributing substantially in their growth.” – Mr. Sameer Malhotra     

Ashok Leyland unveils its latest LCVs

Following the successful launch of DOST, Ashok Leyland widened its light commercial vehicle segment with the release of PARTNER truck and MiTR bus. Both the commercial vehicles are latest offerings of company’s joint venture with Nissan.

According to a company’s spokesperson, PARTNER has already been unveiled in Japan and Europe before and with this launch, the company now has a full line-up of products in its light commercial vehicle segment.   

Must read more news, click here.

SHRIRAM AUTOMALL- A HUB OF PRE-OWNED VEHICLES.

Automobiles are among the most recyclable and reusable product of engineered goods. Disposal of vehicles in a haphazard and unscientific manner has caught the attention of society and has increased the demand for used vehicles. Another reason for preferring pre-owned vehicles is the price consciousness. Buying a brand new vehicle may sound interesting but it’s hardly possible for everyone to acquire one due to highly priced factor. This automatically elevates the demand for used or pre –owned vehicles.

With the same look, redefined style and softer prices used vehicles segment has emerged out to be a catalyst. Indeed society has dramatically altered as they accept and realize the true worth of used vehicle segment in their life.

Certainty of sale, fairness in deal and complete transparency in business transaction are some of the basic features that buyer expects when striking a deal of pre-owned vehicles. Although market is imbibed with thousands of sellers of used vehicles but one needs to make a right choice while selecting the right owner of pre-owned vehicle which is a difficult task.

Second hand vehicles facilitate buyers with wider access and more choices and assured lower operating cost.

SAMIL set the impetus for the owners to dispose off their asset and at the same time, empowered the small fleet owners to fuel their entrepreneurial ambitions by acquiring the pre owned vehicles.

SAMIL has build a reliable bond with its customers by providing them opportunities to make their life easy going. SAMIL makes sure to come up with more plans and innovations and aspire to serve better with every passing day. SAMIL organizational motive is not only to make business but to diversify the transportation system of India in an effective manner.

Click here to know more.

How to sell a used car?

India has a great potential market for used vehicles. While buyers are many, the count of sellers isn't also lagging behind. However, to sell a used cars, certain diplomatic and to a little extent manipulative approach needs to be followed.

The first and foremost priority that needs to be taken care of is to enlist all the positive aspects of the car that you are attempting to sell. The vehicle may be too old but may just feature some of the best performances. Make sure you highlight these to promote your product for sale.

If the positive aspects outnumber the negative or the poor performing features, your quotation of price can ideally be on a little higher side. The price quotation however, also depends on the count of years. Make sure your suggestion on the price range justifies the performance status as well as the years of usage.

You may attempt to promote your used car through a dealer. Advertising your car online through trusted and authentic websites is also a smart option. Spreading the message through words of mouth also acts well many a times. Advertise your car through as much possible medium for quick and random responses.

After walking the path of all these promotional ways, once you are in terms with a prospective buyers, be convincing yet diplomatic enough. In the middle of everything you must not take your customer’s knowledge for granted either. Generally, people attempting to buy a car, are well equipped with the required knowledge and a know-about of the car’s database. There should not be any fake commitments and exaggerated information from your end. The negotiations and settlements should be done at the mutual interest of the buyers and the sellers. Well, as they say, its always Survival of the Fittest. You ought to pave your way out to a satisfying selling budget by using the best of your persuading skills. 

Shriram Automall India Limited assists in deciding the best of vehicles, depending upon our concerns. SAMIL puts forth the most professional bidding platforms for buying and selling of  used cars India and vehicles.

ROLE OF SAMIL IN COMMERCIAL VEHICLE INDUSTRY

Indian commercial vehicle industry has seen a radical growth during the last decade. With the market becoming increasingly competitive and the cost of resources rising up the meter, productivity at optimum cost seems to be a challenge to fetch. Catering to all these causes India has earned the fame of being the production hub keeping at par with performance and productivity. Several challenging functions have been observed as a consequence of this. One of the very prominent challenges that need an immediate address is the gaping need for facilities where vehicle owners can have the required repairs done and can even get their vehicle disposed off.

Shriram Automall India Limited (SAMIL), an entity of the Shriram Group has recognized this inevitable market trend, the subsequent needs and has evolved as a pioneer in providing consolidated services to commercial vehicle industry to address the buyers and sellers of used commercial vehicles, used construction equipment, used cars India who operate in fragmented market. The first of its kind, SAMIL offers a plethora of services under a single roof. Right from providing bidding platforms, arranging private treaty, to services like repairs & trucks refurbishment, finance and documentation, SAMIL takes care of all the nitty-gritty details.

With the graph showing an upward curve when it comes to investments in commercial vehicles’ market in India, machines are deployed at regular intervals. Accordingly, Indian market is more likely to see a flourishing impact of the same and rise in the count of customers in future as well. Serving as a positive aspect, this trend will continue to enhance SAMIL’s growth at the background of an ever-prospective commercial vehicle industry.

  

For more details, click on the links below:

Buy Used Car Online

Used 3 wheelers

Used bikes online
Sameer Malhotra