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Retail Market of Used Cars In India
For retailers, the licensed used car outlets provide the finest market cost besides meticulous evaluation by professionals and an alternative to select from any other car short-listed in the car-maker's portfolio. These certified retail outlets also provide extended warranty period to its customers on the basis of the brand outlet, used car insurance, assistance tariffs, utilization of OEM parts during the repair services, delivering world-class quality and detailed inspection by expert technicians. In addition, the purchasers get to drive back a car at attractive price after getting concession from the manufacturer.
Industry experts believe that 51% of the used car sales will be included under the structured car market by FY 2014. Keeping this in consideration, Mahindra is laying market strategies to enhance its retail numbers to 300 outlets in the next 3-5 years. Maruti TrueValue has already set-up 275 retail outlets in the country and is all set to raise the numbers to a few hundred more in the coming years. Other car-makers are also willing to follow the trend and are planning to extend the used car retail outlets into II tier metropolis in a short span of time.
Car makers have realized the potential of used car market and making it mandatory for their wholesalers to operate used car outlets also. Besides exhibiting multiple brands, the branded used car retailers are also offering one-stop shop for all inquiries.
Industry experts believe that 51% of the used car sales will be included under the structured car market by FY 2014. Keeping this in consideration, Mahindra is laying market strategies to enhance its retail numbers to 300 outlets in the next 3-5 years. Maruti TrueValue has already set-up 275 retail outlets in the country and is all set to raise the numbers to a few hundred more in the coming years. Other car-makers are also willing to follow the trend and are planning to extend the used car retail outlets into II tier metropolis in a short span of time.
Car makers have realized the potential of used car market and making it mandatory for their wholesalers to operate used car outlets also. Besides exhibiting multiple brands, the branded used car retailers are also offering one-stop shop for all inquiries.
Not only big companies but also many sites like www.carzoo.com, www.autonagar.com, http://cars.trovit.co.in have come up with information on second hand cars in local market so that buyer and seller can meet in single platform and carry out their trade.
Source: http://automobiles.mapsofindia.com/second-hand-car-market-in-india
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