Thursday, May 10, 2012

Used Car Market 2012- Birds eye view

Used car market over year has evolved a lot in India, especially with players like Mahindra & Mahindra entering into the competition with  brand Mahindra First Choice for used cars. But before I go into the details, lets look at the major branded players in used car market in India 2012.


Physical distribution centers(The most popular one's):


1. Maruti True Value
2. Mahindra First Choice
3. Carnation- by Jagdish Khattar is the former Managing Director of Maruti Udyog Limited.


And then there are the online stores where individuals/local car dealers can post. These are:


1. www.gaadi.com
2. www.carwale.com
3. www.cardekho.com

And then there are many. These websites serve as a platform for prospective buyers to do research, buy, sell and also come together to discuss and talk about vehicles. With these websites, users are very well informed and also, get a know how before buying a used car.


The Maruti, Mahindra & Carnation are big players and offer a hassle free dealings as they have a set of self quality checks. These checks assure a buyer about the genuineness of a car especially whether the vehicles had met an accident as oppose to the local dealer where you are on your own.


Anyways, with petrol prices sky rising diesel car selling has picked up a pace and that's why one can get some really pretty deals on used petrol cars.



My birds eye view recommendation would be to go for car(used) in 2012 based on these parameters:
1. Not older than year 2007(As financing is difficult)
2. Not run more than 50k kms



The most common petrol car buys one should look in year 2012 are:
1. Hyundai i10 (high demand, high availability)
2. Maruti Swift (high demand, moderate availability)
3. Honda City (high demand, less availability)
4. Hyundai i20 (high demand, moderate-less availability)


Also, LPG can be fixed into all these above cars but please make sure that it is from authorized store only. CNG kit should be fitted as a part of factory settings only.


More details, on the posts to come. Suggestions are welcome from all...


-Gaurav



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