Indian automobile industry is growing by leaps and bounds, thanks to the rising customer demands. Earlier, there was only one section of consumers i.e. the buyers of fresh or new cars. But, changing needs and trends have given birth to the concept of buying used cars. Customers who are bounded by finances can benefit a lot from this evolving concept. They can avail car finance to take care of financial constraints. Getting in touch with any online or offline used car outlet is another option.
Previously, we had only original equipment manufacturers (OEMs) in India to cater to this segment. But, an unprecedented growth in this section has attracted the attention of luxury car dealers as well. Maruti Suzuki has launched Maruti Truevalue. Toyota Kirloskar Motors’ Toyota U Trust and Mahindra and Mahindra’s First Choice are just to name a few. We also have Ford Assured by Ford and Hyundai Advantage by Hyundai Motor India Ltd to help us buy used cars in India. Hence, whether you want to buy Mercedes Benz C-Class C200K Manual to satisfy your desire for luxury car or Hyundai Santro LE version to make your traveling easy, you have the choice to browse through used car segment.
Market analysts believe that by 2012 India may see the launch of 270 more such pre-owned car outlets. And, if the used car segment continues to give robust performance, Indian consumers can soon see the market entry of international players like Porsche and Bentley. Not only this, consumers can also find the cheapest Indian car ‘Tata Nano’ in this segment to their benefit.
As per online used car outlets are concerned, research findings suggest that online web portals get about 25000 queries every month for used cars. Out of this, 40% people actually make their purchase. CarWale.com and Gaadi.com are the major consumer portals.