MOST POPULAR USED CARS IN INDIA
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
buyer.
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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