Changing demand dynamics in pre-owned car segment

The pre-owned car segment in India is seeing a steady rise in demand. While the CAGR growth expectation of 15-120 percent remains on track, the share of organised players has now grown to 20 percent from 10 percent in FY2011 and it is fast growing.

Autocar Professional in association with AU Small Finance Bank brings forth all the latest development in the pre-owned car segment in its latest newsletter

• The distribution dynamics in this segment are fast-changing and increasingly we see players working on securing customer trust through self-certification and warranties. They are also targeting enhanced consumer convenience like facilitating test drive at their doorsteps and offering end-to-end focus starting with information dissemination to financing, warranties, insurance, inspections, price discovery and the entire gamut of offerings.
• Volkswagen Passenger Cars India and Frost & Sullivan are collaborating to provide insights about the growth trends of the pre-owned car market in India.
• Cars Collective, the pre-owned car brand owned by Jubilant Motorworks, is fast growing its footprint across India with brand-new showrooms in Bangalore and Mumbai.
•  Five common mistakes that you must avoid while buying pre-owned cars. 
• Pre-owned car dealers across India are expecting brisk rise in demand as new car deliveries get delayed due to supply chain bottlenecks.

So, if you are keen on staying updated on all the latest development in the pre-owned car segment, log on to Car-O-Meter for all the latest developments in this exciting industry segment.