Popular cars in india, used car in india, latest cars in india
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Published on: Mar 4, 2016
Transcripts - Popular cars in india, used car in india, latest cars in india
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Car has become the necessity of urban population in India
and buyers are always looking for more economical option
rather than digging a hole in their account for a brand new
car and this is where the role of used cars come.
Used cars constitute a major part of the car market in India
with a lot of people shifting towards it due to many
economic benefits these cars provide.
With the growth in income of an average household the
demand for new cars has increased and everyone is
looking for an upgrade to their existing cars which in turn
has increased the market for the used cars in India.
Cars have very high depreciation value and therefore
buyers also look for used cars which are less than an year
old which gives them a good value for their money.
Just like the new car market, used cars also can be divided into small
hatchback, sedan, crossover and luxury segment with the luxury cars
having the highest depreciation value and small hatchbacks least.
Many showrooms( like Maruti TRUE VALUE) have also come up to
help buyers choose from the certified cars with a guaranteed
warranty and finance options giving the market exactly what it
needed and boosting the sales.
Looking this as the lucrative business option many e-portals have
also come up. Sellers nowadays first like to compare the value of
their car on such portals before selling it and same goes for the
Manufacturers have seen this as an opportunity instead of a threat
and have converted it very well as an advantage for themselves.
Almost all the major manufacturers have come up with additional
offers and bonuses on the market price of the used car if the buyer is
ready to buy a car from them.
And now to lure the consumers of the new cars, manufacturers have
also come up with buy back offers(Smartphone’s are not the only
thing on buy back now).
Mercedes was the first one to do that and you can get a brand new
car every 3 years and the buyer has to just pay a monthly instalment
according to the car which they want. Though its an expensive affair
but it has its own perks and a person who loves to change the cars
every few years would love such kind of a deal.
Currently the most popular used cars among buyers in India are
HYUNDAI i10 AND SANTRO. Maruti’s wagonr is also very
popular in the small car segment and Honda city is the undisputed
champion in the sedan class.
With the launch of new models and better features and
performance of the new cars launched the demand and supply of
the used cars is not going to depreciate any time soon.
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