Buying a used car has its pros and cons. Pros being the significantly lesser price and easy car financing and customization options. A novice car buyer should be aware that maintenance records and damage details can be fabricated hence third party used car evaluations play a vital role in rising consumer confidence.
With around 85% of the pre owned car market controlled by unorganised sector, middle man or brokers play a important role in linking the sellers and buyers. Buying a pre owned car through a broker or agent may increase the risk for the buyer as these agent most of the time replace genuine parts with sub standard, low quality parts to increase profit margin. This enables them to offer there used car at much lower price than certified cars.
Tata Nano hit Indian car market early this year as the cheapest car in the world, priced at around $2,500. Second hand Tata Nano cars are expected at around later part of 2011 priced at much lower prices. This is expected to further fuel the growth of second hand car market in India.
Key players in the organised second hand car market sector include Maruti Truevalue, Honda Auto Terrace, Ford Assured, Toyota U Trust, Hyundai Advantage, Mahindra and Mahindra’s First Choice. General Motors is the new brand to foray in to used car market segment in India with plans to open around 270 outlets over the next two years. Porsche and Bently are among the top world brands that are expected to enter pre owned car market in India.
According to one of the leading Consumer portal in the Automobile sector, they get around 25,000 second-hand or used car enquiries in a month, out of which 40% of them actually buy them. In cities like Bangalore, Delhi, Haryana, Jaipur 65% of the people prefer to go for pre-owned cars than the new ones, according to sources for various reasons as mentioned. So with all these i think C2C online customer portals like Used cars In Banglore is doing a great job, currently they are targeting the local market of Bangalore with a strategy “Think Global Act Local” & i think they are successful in implementing their strategy.
For more information you may visit their website at http://UsedCarsInBangalore.in
