Press Esc to close
Sunday 26 June 2016
News updated at 1:32 PM IST
Weather
Max: 27.5°C
Min : 19.4°C
In Bengaluru
Generally cloudy

Used car business getting traction in India: Study

New Delhi, Aug 29, 2013(PTI):

With car makers focusing on used– car business in India, the percentage of new vehicle buyers considering buying pre-owned vehicle during their shopping process increased by 10 per cent in past three years, according to a study by market research firm JD Power Asia.

As per the JD Power Asia Pacific 2013 India Sales Satisfaction Index (SSI) Study, around 13 per cent of new-vehicle buyers considered buying pre-owned vehicle before making a purchase decision.

Additionally, 37 per cent of new-vehicle buyers who considered a used car, relied on the Internet during their shopping process.

"Auto-makers have been increasingly focusing on the used–car business in India, specifically with certified used cars which come with a manufacturer warranty," Singapore-based JD Power Asia Pacific Executive Director Mohit Arora said.

Additionally, automakers have ushered in transparency via their websites that provide real-time information on used vehicle inventory and price information, he added.
"These activities assure customers of a quality product by providing detailed insights about the vehicles, thereby propelling the consideration of a used-vehicle purchase," Arora said.

As per the report, buyers who consider a used vehicle rely on the Internet to search for information regarding vehicle financing, including trade-in options, and service-related aspects.

"In comparison, shoppers who do not consider a used vehicle use the Internet primarily to look for vehicle features and specifications," it added.


Go to Top

Photo Gallery
Renowned sand artist Sudarsan Pattnaik creates a sand sculpture to congratulate Athlete Dutee chand

Renowned sand artist Sudarsan Pattnaik creates a sand sculpture to congratulate Athlete Dutee chand

Cricketer Virat Kohli sings the national anthem during the opening ceremony of the Pro Kabaddi...

Cricketer Virat Kohli sings the national anthem during the opening ceremony of the Pro Kabaddi...

Security forces inspecting the CRPF bus which was attacked by militants on Srinagar-Jammu National..

Security forces inspecting the CRPF bus which was attacked by militants on Srinagar-Jammu National..

Uttar Pradesh Chief Minister Akhilesh Yadav at a roza iftar party in Lucknow...

Uttar Pradesh Chief Minister Akhilesh Yadav at a roza iftar party in Lucknow...

Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Local train on water logged railway track in Thane on Saturday. Local train services...

Local train on water logged railway track in Thane on Saturday. Local train services...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523