At
a time when the mass car segment is facing one of its worst times
ever, the used car industry is doing well. According to the latest
study on the sector, the Indian used car industry possesses a
significant potential, with overall market expected to grow at a CAGR
of around 22% during 2011-2014 to reach 3.9 Million Units by
2014-end.
Even
luxury car manufacturers like Audi-
the German luxury car manufacturer inaugurated
its largest pre-owned luxury car showroom at Gurgaon under
its Audi approved Plus program where they not only sell their own
used cars but cars from other manufacturers as well.
Hyundai
also has similar model HPromise under the name ‘Advantage’ where
they sell pre owned vehicles. The future of used car market looks so
promising that even luxury car manufacturers are eyeing to open their
exclusive showrooms. Even a leading portal like Cartrade.com which
deals in new & used cars, connected to 1200 used car dealers
across India believes the luxury used car market to be around 28000-
32000 units a year.
Please
let us know if you would like to know more about the same from Mr.
Vinay Sanghi,Founder and CEO, Cartrade.com, he can share insights on
this growing trend of luxury car makers entering into used car
market.
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