Press Esc to close
Sunday 20 August 2017
News updated at 11:01 AM IST

Used car business getting traction in India: Study

New Delhi, Aug 29, 2013(PTI): 18:05 IST
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
Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

A  file photo of  Infosys CEO Vishal Sikka...

A file photo of Infosys CEO Vishal Sikka...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

People with their household belongings move to a relief camp from a flood-hit region...

People with their household belongings move to a relief camp from a flood-hit region...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.