REPORT ON USED CAR MARKET IN INDIA

Used cars sector in India has emerged as one of the major industries due to its easy
accessibility and lower rate of interest. According to the industry analysts, the sales of used
cars are likely to boost up in the next few years. Infact in the last fiscal year, more used cars
were transacted 10% more than the new ones, according to the assessment by Maruti
Suzuki India Ltd. and Honda Siel Car India Ltd.

Interestingly, at least 90 percent of the used car market remains unorganized, while the
organized market is a mere 10 percent. In the unorganized sector, used car vendors
constitute 30 percent, while majority of selling/buying car is carried out between buyer and
customer. The volume of these transactions is very huge, but within the limits of law. The
direct transactions are done between two individuals who are known to each other.

A second hand car has a lot of promises, but falls short of few things that new car gets,
-warranties, OEM equipments, insurance and taxes. This is where car manufacturers have
ventured to bring in a system of checks and balances. The certified used car outlets
monitored by car manufacturers offer a good deal with peace of mind.

For the sellers, the certified use car outlets offer the best market price, thorough
assessment by experts, and an option to choose any other car from the manufacturer
portfolio. For the buyers, these outlets offer a lot more- warranty (depending on the outlet
brand), insurance, assistance taxes, repairs make use of OEM parts and meets high quality
standards and thorough check up by trained technicians. To top it the buyer gets to own a
car at attractive price after dealer/manufacturer discounts.

Car manufacturers’ have realized fast that the used car market can generate large revenue.
Leading car players say that their used car ventures are paying handsome dividends. Hence
the companies are now making it mandatory for their dealers to run used car outlets also.

The branded used car outlets are now dealing in multiple brands. They know that they can
win over customer loyalty by offering one-stop shop for all queries. They are offering not
only assistance in sales and buying, but in offering finances, insurance and many other
services.

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 Growth in Used Cars Industry
As per the estimates of the car financers, the used cars industry is expanding at 25% - 30%
against the 13% growth of the new car sector. In FY 2008, Indians purchased 1.5 million
used cars compared to the 1.6 million new cars. According to the latest statistics, Maruti and
Honda traded 66,000 and 2,769 used cars respectively. This indicated a 45% increase in their
sales against the 2007 sales.

In the past few years around 55 latest used cars models have been launched in India. This
trend is likely to sustain and expand in India till the car manufacturers bring in Rs 36,000
Crore into Asia's third biggest car market. This speedy expansion in used car sector over the
last thirty years has taken place due to lower interest rates compared to the new vehicles. 

According to a latest analysis the yearly used car demand in the Indian market is around 1.4
million cars. To benefit from the flourishing trend leading organized manufacturers like
Automartindia Ltd and Maruti's TrueValue have made a foray into the used car business.
Unlike other unorganized companies, they provide guarantee of accurate ownership and
accident certification to their customers and vendors along with superior quality and
benefits like warranty period and free repair services. 

Some industry watchers predict that 50 percent of the used cars sales will be brought under
organized car market by 2013. Mahindra plans to increase its numbers to 300 outlets in five
year’s time. Maruti TrueValue already has 270 outlets and plans to increase them a few
hundred more in five years. Other car manufacturers plan the same. Used car outlets will
spread into II tier cities in the next couple of year.

Advantages of buying a used car

Purchasing a second hand car has lot of benefits. Some of them are listed below:

 The value of a used car is considerably lower than a new car,

 The depreciation cost is lesser as compared to the new car,
 Used car loans are simpler, easily available and cost lower than the new car loans
 Used car can be modified according to the owner's preference.

Major used car dealers in India

Some of the renowned and licensed used car dealers in India are -

 Maruti TrueValue,
 Honda Auto Terrace,
 Toyota U Trust,
 Hyundai Advantage,
 Mahindra and Mahindra's First Choice
 Chevrolet OK

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 Tata Motors Assured

Indian used car market is yet to witness the launch of many more models that are likely to
quadruple the sector's revenue in the next five years. 

Used Car Retail market in India:

For retailers, the licensed used car outlets provide the finest market cost besides meticulous
evaluation by professionals and an alternative to select from any other car short-listed in
the car-maker's portfolio. These certified retail outlets also provide extended warranty
period to its customers on the basis of the brand outlet, used car insurance, assistance
tariffs, utilization of OEM parts during the repair services, delivering world-class quality and
detailed inspection by expert technicians. In addition, the purchasers get to drive back a car
at attractive price after getting concession from the manufacturer. 

Industry experts believe that 51% of the used car sales will be included under the structured
car market by FY 2014. Keeping this in consideration, Mahindra is laying market strategies to
enhance its retail numbers to 300 outlets in the next 3-5 years. Maruti TrueValue has
already set-up 275 retail outlets in the country and is all set to raise the numbers to a few
hundred more in the coming years. Other car-makers are also willing to follow the trend and
are planning to extend the used car retail outlets into II tier metropolis in a short span of
time.

Car makers have realized the potential of used car market and making it mandatory for their
wholesalers to operate used car outlets also. Besides exhibiting multiple brands, the
branded used car retailers are also offering one-stop shop for all inquiries. 

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Top 5 Hot Selling Used Cars in India:
Maruti Suzuki Alto: The Alto was launched in September 2000 with a perfect blend of fuel
economy, practicality, and styling. The reputation of the car continued to grow in the
market because of its reliability and performance. Being one of the smallest cars in the
Indian car market, it marked a significant milestone in the automotive history. The car with
impressive mileage and pleasing features like electronic power steering have won hearts of
thousands of car consumers across the country.

It is also known that Maruti Suzuki sold million units in seven years and five months just
because of the extraordinary package available with an ordinary price tag. The car with its
winning characteristics has made its presence both in small towns and large cities. This car is
one of the best used cars especially for those who desire to upgrade from two-wheelers.

Marutii 800: Maruti 800 was launched in December 1983 with almost 100% imported car
components. Today, it is still the cheapest car in the Indian car market. It’s really easy and
economical to find a used M800 because the car is immensely popular and holds its value of
being a low-cost car both in terms of purchase and operation.

In addition, the M800 is also considered to have lower fuel consumption and higher mileage
that enhances the popularity of the car in the used market. Its easy to park structure makes
the car popular in cities where traffic has become a major issue. However, the price of the
car is so affordable that car consumers prefer buying a new M800 but then those who desire
to improve hands on driving, a used 800 proves to be one of the best options.

Hyundai Santro: Hyundai Santro hit Indian the roads in 1998. The car with its distinctive
styling, high functionality, and impressive fuel efficiency skilfully became one of the best car
choices for small families.

The car is also ranked by J.D. Power Asia for being one of the most dependable cars in India.
It is known to be a perfect package of dependability, comfort, and spaciousness. As the car
is completely built in India, the cost of spare parts and service bills are comparatively low.
Offering good ownership experience, the Santro is considered to be a perfect used car
choice for small families and individuals.

Honda City: Honda City is known to be one of the safest and highest selling used car in India.
The car with its unique styling, overall performance, roomy interiors, excellent technologies,

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and amazing fuel efficiency has become a hot favourite for car consumers. Whether new or
used, the City is loaded with impressive characteristics.

Among all the sedans running on Indian roads, City is known to have comparatively low cost
of operation and service. It is also known to have high standards of safety features along
with being one of the most environment friendly cars. The City with its easy handling,
greater road stability, outstanding ride quality, and sporty power increase the demand of
the car in used car market.

Maruti Suzuki WagonR: The WagonR have bagged the award for its design and
performance. Similar to the performance of new car, the used WagonR also is a big hit in the
market.

One of the super advantages of this car is its fuel-efficient engine technology comprising a
16 - Value Multi-Point Fuel Injection (MPFI) engine controlled by a 16 bit Electronic Control
Module (ECM).This technology not only delivers improved mileage but also offers low fuel
consumption and reduced emissions.

Though the car has a boxy structure, it is appreciated by many car consumers because of its
spaciousness, large storage capacity, impressive fuel efficiency, and affordable price tag.
Even in the used car market, people find the WagonR the most dependable, easy to run, and
cheap to maintain car.

ONLINE USED CAR WEBSITES:

Ebay Used Car Websites

Ebay motors are by far the largest market place for used cars on the Internet. There were
nearly 300,000 vehicles sold on eBay last year. Dealers account for about half of eBay
Motors’ listings, individual sellers are the rest.

From a seller’s perspective, you won’t get any phone calls in the middle of the night or
during dinner time wanting a description of the cars you are selling. You almost never get
people come by your house to test drive. The people who respond to your listings are your
true potential buyers, you never see tire kickers anymore! Those are just some of the
benefits of selling on eBay.

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If you are buying from eBay, make sure you ask as many detailed questions as possible.
Sometimes the picture will miss certain things, the reputation and the feedback of the seller
is important, but always verify.

Make sure you get the quote for transportation charges, any inspection fees that may be
required to register to your name.
CarMax Used Car Websites

If you like the simple “no-haggle”, “no-negotiation” approach of car buying experience, you
need to check out CarMax.com According to CarMax, each of their vehicles for sale has
passed 125+ point inspection. They offer 5-day Money-Back Guarantee and 30-day Limited
Warranty.
Chances are you won’t find the cheapest used cars over there, but each car they sell are
good quality vehicles.

AutoTrader Used Car Websites

Unlike other used car search site, AutoTrader allows you to choose up to 3 auto makers of
your choice at single search. Let’s say you are in the market of luxury sports sedans, you are
open to Audi, BMW and Lexus.

With one touch of button, you get to see all the relevant results of all 3 makes of your
choice. With this unique feature, you can see more cars with less time.

Another good thing I like about AutoTrader is that you can choose who you want to buy the
car from. Would it be dealers or private sellers only, the choice is yours.

Other Well known Used Car Websites:

 Carwale.com
 Carazoo.com
 Cartradeindia.com
 Gaadi.com
 Autoindia.com

Some more Used Car Websites:

1 in a million Cars
Classic Cars at 1 in a Million Classic Cars - Find Classic Cars, Vintage Cars, and Antique Cars.
See pictures of rare classic cars, muscle cars, and limited production cars

4rd World
Australia's leading 4WD spare parts, 4WD accessories, 4WD service or repairs, 4WD training
or 4WD tours,Latest products, Events calendar, Tips & Tricks 

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aCARz.com
The Nation's Most Complete Car Resource From A to Z - Consumer Guide Complete Car
Reports - New Car Reports and Reviews - New Car Prices - Used Car Reviews - Used Car
Ratings - Used Car Classified Ads

The A List
Buy and Sell Antique Cars, Classic Cars, Street Rods, Hot Rods

Apnigari.com
New and used Cars for sale in lahore karachi islamabad pakistan

AR-Auto.com
AR-AUTO offers - Used Cars,Rebuildable Salvage Vehicle,Rebuildable Wrecked
Cars,Repairable Car for Sale,Damaged Cars,Buy Wrecked Car,Wrecked Car Sales,Salvage Cars
Sale,Buy Salvage Cars,Rebuildable Salvage Cars,Used Salvage Cars,Repairable Salvage
Cars,Repairable Car Sales,Used Cars Sale,New Car Sales,Used Cars Dealer.

Japan Major Automobile Auctions - The Number One Japanese Used Car Importers
Japan Major Automobile Auctions - The Number One Japanese Used Car Importers. We
offer Free Link exchange that helps you to find link partner at Japan major automobile
auctions.

Autocastle.com
Car Auction - buy car / sell car. SELLERS BID - YOU SAVE.

Auto Dealer National

Free Business Listing Of Car Dealers Truck Auto Dealership - directory of automobile dealers
across United States

Auto lease advantage

Specializes in import, suv and luxury vehicle leases. Three step process provides quotes via
email, nationwide delivery. Comprehensive lease information resource.

Automotix.net
Welcome to one of the largest marketplaces for new & used auto parts, used cars/trucks,
salvage and repairable vehicles, and information on how to maintain/repair your vehicle.

Auto sales - India

Used Cars India, Used Cars Buying India, Used Cars Selling India, Used Cars Online, Used
Bikes India, Used Bikes Buying, Used Bikes Selling, Used Bikes Automobiles, Used Auto India,
Buy Sell Cars Bikes, Car Bike Reviews.

Auto Solutions
A2Z Autosolutions is one of the largest online stores for all the best deals for automobiles.
Find here the most lucrative offers for auto solutions, car sale, new cars, second hand car,
used cars for sale, auto accessories and much more from Delhi, Mumbai, Bangalore,

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Chennai and all over the India.

Auto Transport - direct

Get an Instant Auto Transport Quote with Direct Express Auto Transport, a national auto
transport company providing online auto transport quotes. No waiting! Your instant online
auto transport quote for the United States (US).

Beetle Exchange - Australia

The Beetle Exchange is located in Canberra, Australia and specialises in restoration, repair,
maintenance and mail order parts for Volkswagen and Subaru. 

Buy and sell car Secrets

You must learn the right way to buy or sell a car and save time, money & hassles. Avoid car
dealer scams and other car scams and how to save a fortune on car insurance and car
warranties & much more!

California Collector Cars

Trader of trucks and autos for Classic Cars. We are a classified ad resource for buyers and
sellers of classic cars, muscle cars, collector cars and hot rods.

Emotor - Canada
An online car market place where buyers and sellers meet. eMotor.ca allow you to
experience the speed of buying and selling your used cars online throughout Canada . Buy,
Sell or Trade car online with ease! This is a used car listings services. 

Cars Guide
Includes used cars, new cars, cars for sale from private sellers and car dealers. Also includes
road tests,used car reviews and new car reviews.

Classic AutoShopper
Here at Classic AutoShopper we make dreams come true.

Classic Cars - Global

Classic Cars For Sale - Auto Listing for your Classic Cars, Muscle Cars, Hot Rods, Exotic Cars,
Old Cars, Antique Cars, Vintage Cars and any other Collector Vehicles for sale.

Classic and Customs - Cars

Classic Cars, for sale, muscle cars, used cars, sell car, Classic Car, sale, Muscle Cars, Street
Rods for sale. Restoration, ads, classic cars wanted ads, for classic cars, muscle cars, hot rods
and parts. Free renewals

Classic Motors
Hamilton Used Car dealer - Sales of quality pre-owned Cars, Trucks, Vans and SUV's.
Financing Available. View our Automobiles on-line. UCDA Member. 

A London, Ontario community activist’s personal perspective.

A local source of news and opinion about London Canada

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Jim4x4.com
Jim 4x4 Thailand is proud to be the world's largest supplier of quality used diesel 4x2 and
4x4 pickups, utes, bakkies, SUTs and SUVs as Toyota Hilux Vigo, Toyota Fortuner, Mitsubishi
Triton, Nissan Navara, Chevrolet Colorado, Nissan Frontier, Isuzu DMax, Isuzu MU-7, Mazda
BT-50, Honda CR-V, and Ford Ranger.

Joes antique cars

Antique cars Classic Cars Muscle cars project cars for sale

Lutey’s Auto
Lutey's Heritage Motors and Lutey's Auto Sales are Upper Peninsula of Michigan's U.P.
quality used car dealership located in Marquette County.

Maxidump Trailers
Maxi-Dump sells the best built dump trailers, dump beds, utility trailers and dumpsters of all
sizes on the market today. Great for grounds maintenance, landscaping, debris and storm
cleanup. 

McGee Auto is a Seattle Used Car Dealership specializing in Used Cars, Renton Used Car
Dealer, Seattle Car Dealers, Renton Car Dealers and much more. See us for all of your Used
Car needs

Melbourne Auto
Melbourne Automobile Company, used BMW, used Mercedes Benz, Mooneee Ponds
Victoria.
 

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