The used car market in India is growing at a steady rate

1. Growing Popularity of Used Cars in India

2. Current Trend
 The used car market in India is growing at a steady rate.
 According to JD Power, used car market has grown from 4% in 2011 to 17% in 2014
 The preference for used cars has been growing. Demand currently outstrips
supply.
 The organized sector, which includes Maruti True Value and Mahindra’s First
Choice are driving used car supply.
 The used car market is currently represented by 3.9 million units in 2014-end and
an estimated revenue generation of INR 1.5 billion by 2020.
 The small car segment sees the most demand with cars from other segments
seeing increase in demand as well.

3. Reason for Rise in Popularity
 First time buyers are taking advantage of availability of mid-segment sedans
and hatchbacks at entry level prices.
 The addition of warranties and after-sales support is making used cars even
better value propositions
 The development of online portals has made used cars even more accessible
to the masses.

4. Used Car Market Representation
 Unorganized Sector
 Dealers
 Online Marketplace
 Customer to Customer
 Organized Sector
 First Party Organizations
 Maruti Suzuki True Value
 Mahindra First Choice
 Toyota UTrust
 Hyundai Advantage
 Third Party Organizations
 CarTrade
 CarDekho
 Spinny

5. What does the Organized Sector offer?
 Used cars priced at nearly the same price as used cars in the unorganized
sector
 All cars are inspected and certified, ensuring quality
 These used cars are also offered with extended warranties
 Assurance of after-sales support from First Party Organizations

6. Rise of Online Used Car Buying and
Selling
 Popularity of eCommerce has led to acceptability of used car transaction platforms
 High adoption of smartphones is making accessibility to these online platforms more
easier as well as to used cars themselves
 Perception towards used cars are changing as these platforms offer higher quality
used cars at cheaper prices.
 High demand for used cars is fuelling growth of these online platforms who offer
similar services to First Party Used Car Organizations

7. Thank You
References Link:
 http://economictimes.indiatimes.com
 https://www.news-pr.in
 http://www.myspinny.com/