Used Car in India

Beside the current economic environment, India isamong one of the world's largest car markets. Availability of finance, and rising income levels are encouraging the launch of new car models which have been leading to a stupendous growth of the industry for the past few years.

Since the introduction of first car in India, The people of middle class and upper middle class has been choosing this option to own the car. Hyundai Santro, Hyundai i10, Maruti Swift, Maruti Alto, Chevrolet Spark, Tata Indica, Honda City are among the best model people has preferred so far as a used car buy.But how they were buying such cars? From relatives, or friends. The answer is positive. The data shows Indian used car market has been growing at very fast pace.

The year 2010 report shows that 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. And CRISIL report has expected that used car market will reach to 8 million units by 2016-17 and in value term around Rs. 1.5 trillion.

The report also mention the reason such as increasing number of organized players, availability of loan, immediately changing preference and most importantly.The United State being a biggest used car market in the world, used car sales was around 40 million used car in 2012 while China's number was around 4.8 million cars.

While talking about current seek pre-owned car market, it is mainly due to supply side constrain and lesser demand due to slowdown in economic activity. "The replacement cycle is going up which is impacting the new car sales and as a fallout, there is less supply of pre-owned cars in the used car market which in turn is adversely affecting the growth of used car sales," said VyomeshKapasi, CEO, Kotak Mahindra Prime (a subsidiary of Kotak Mahindra Bank which is into car financing).

In India market, the tremendous change is under process increasing influence of organized and giant players as well as online portals which are also catching eyes of people in the urban area.Organized dealers such as Mahindra First Choice, Tata Motors Assured, Maruti True Value, Hyundai Advantage, Chevrolet - OK, and BMW Premium

There are many online portals such as Carworld1, Carwale, Cardekho, Cartrade and Olx. Now these players are also playing a vital role in developing used car market for buyers who have internet accessibility.

About Carworld1.com: Carworld1.com is among the fastest growing online portal, which provides extensive service to the potential car buyer. We have many number of business partners which enable us to provide speedy and best service to our customer. Carworld1.com help you buy Second Hand Cars in Ahmedabad. He has seen a growing preference among buyers to buy new Car in Ahmedabad, Delhi, Mumbai and other city and increasing satisfy customer.