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Monday, 28 June 2010 |
By Carazoo
 As those in the middle income group aspire to have their own cars, the demand for used cars rises. So, we now have so many OEMs in India entering the used car market. The segment has now got an organized outlook. Luxury car makers too are budging into the pre-owned auto market while existing players are expanding their network of outlets.
The used car segment is witnessing growth owing to factors like increasing numbers of OEMs entering pre-owned automobile industry, favourable demographics, the changing lifestyle of Indians and user choice. Also, car loans can more easily be availed on used cars and online portals too play an important role by educating users on the feasibility of buying used automobiles. However, the main challenges that the used car market in India faces are the boom of cheaper new cars, the restricted choice and the extra costs that pre-owned auto buyers bear in addition to the annoyance of checking various documents.
We already know that nearly 85 per cent of the used car market is unorganized. The car agents play a very significant role in connecting |
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Last Updated ( Monday, 28 June 2010 )
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