Press Esc to close
Wednesday 22 April 2015
News updated at 4:19 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

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
Tribute to JB Pattanaik

Tribute to JB Pattanaik

Galina Gorlova stands outside her destroyed home as she speaks to neighbours in the village of Nikis

Galina Gorlova stands outside her destroyed home as she speaks to neighbours in the village of Nikis

Atletico Madrid's coach Simeone attends a news conference in Madrid

Atletico Madrid's coach Simeone attends a news conference in Madrid

Pal community mass marriage ceremony

Pal community mass marriage ceremony

Indian students take part in a fitness program in Ahmedabad

Indian students take part in a fitness program in Ahmedabad

One World Trade Center stands in Lower Manhattan,

One World Trade Center stands in Lower Manhattan,

People buy gold on the occassion of Akshaya Tritiya

People buy gold on the occassion of Akshaya Tritiya

People flee Sanaa with their belongings after an air strike hit a nearby army weapons depot

People flee Sanaa with their belongings after an air strike hit a nearby army weapons depot

An F/A-18C Hornet launches from the flight deck of the aircraft carrier USS Theodore Roosevelt

An F/A-18C Hornet launches from the flight deck of the aircraft carrier USS Theodore Roosevelt

People take part in the Color Run near the Eiffel Tower, in Paris

People take part in the Color Run near the Eiffel Tower, in Paris

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