Used car market In India Posted On : Dec-22-2011 | seen (219) times | Article Word Count : 421 |
Used car business in India is gaining a fast face and now-a-days the used car business is more organized than ever before. In India middle-class families prefer Used car business in India is gaining a fast face and now-a-days the used car business is more organized than ever before. In India middle-class families prefer to buy a second hand vehicle instead of new car. Buying a second hand car has a lot of advantages. Few of them are as follows : The cost of second hand car is significantly lower than new car Dexter Williams Youth Jersey , the depreciation is lesser, the loans are easier and to top it is readily available. According to the recent estimations the used car business is 1.4 million cars annually.
According to the JD power survey Jace Sternberger Youth Jersey , people change their cars within five-years and as per officials suggest that the second hand car market expected to grow at 12-15 percent in the next five years to touch a robust 2.5 million units and Indian used car market would attain a turnover of Rs. 50 thousand crore. Various new techniques and systems are formulated which is the main reason behind the continuous rise in Indian automotive segment. Various Online service providers are available for free which provides you the best deals, customers can sell or buy used cars in appropriate price value.
In the past few years Elgton Jenkins Youth Jersey , used cars in India is selling in high numbers and the Used cars market is getting classified with large number of Original Equipment Manufacturer arriving in the used car market segment. All the domestic as well global giants are planning to excel in this segment of the country. The main reason behind vastly expansion of this market are increasing number of OEMs entry which offers best second hand products in best price value, favorable statistics and continuous increase in purchasing capacity of the buyers in the country. The vastly use of Internet also plays an important role in the expansion of used car market in the country as user can easily get all the knowledge on the availability of the cars.
This year Indian automobile industry registers a sluggish growth and the sales on new cars not boosting the morals of car makers. This economy slowdown did not affect the used car market of the country. The used car market is now all set to zoom ahead as a sentiment slowdown hits car sales in autoville. According to recent estimate this year used car market recorded around 25 percent of growth which brings smiles to those OEMs who deals in used car business also.
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