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 

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.

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

Infosys to develop software app for Volvo cars

Infosys has won a contract from Volvo cars to provide software application development services for the auto major's global operation. 

The multi-year contract will include developing technology applications to support Volvo's marketing and sales, customer service, manufacturing and product development functions.

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