Second hand auto market in India is rejoicing again. Second hand car dealers have seen a robust demand in the market for pre-owned cars in past 9 months. With the fear of recession taking a back seat, financers and banks have also relaxed their financing norms and are readily offering finance to salaried and self-employed.
There’s been no adverse impact on sale of pre-owned cars sold through Maruti True Value. In the first quarter, Maruti True Value pre-owned car sales grew by 20% and in the second quarter, the momentum continued with sales in excess of 42,000 units, with growth accelerating to 34%,” said a Maruti spokesperson. Maruti owns True Value chain of retail outlets for its second-hand cars. Chevy OK is owned by General Motors that sells Chevrolet cars through its retail stores. There are currently 22 outlets which GM India intends to expand up to 30 by December 2009.
Second hand car dealers are optimistic about sales picking up in coming months and look forward to doing better business than last year. “Sales have really picked up from the first week of September. Growth is coming mainly in the small car category,” said a Chennai-based pre-owned car dealer.
Recently Viewed
Trending Searches
