Tag Archives: Used

Used car market size can be ₹50, 000 crore by 2022: Mahindra First Choice

The size of India’s pre-owned or second-hand car market could be between 6.7 million units and 7.2 million units by 2022, with the value of the segment pegged at ₹50,000 crore, according to a sector outlook released by Mahindra First Choice Wheels Ltd, the pre-used car business of Mahindra and Mahindra Ltd. According to the report, the share of organized retail ... Read More »

Iraq’s billion-dollar used car parts paradise

“It’s a money-making machine,” says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Irbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a major hub for the trade. Some of the 200 or so Kurdish traders involved have ... Read More »

Buying used: (2011-2017) BMW 520d

GOOD FOR: Strong engine, comfortable ride LOOK OUT FOR: Faulty steering column, worn-out interior Few deals are more tempting than a used luxury car. Thanks to rapid depreciation, big and expensive luxury sedans can be bought at laughable prices in the used car market. However, there are other costs that follow the purchase. Yes, you get them at a bargain, but the ... Read More »

Women driving used car sales in India: Honda, Volkswagen, Nissan preferred brands

Women are now key drivers in the growth of used car market in India Gone are the days when a woman was expected to occupy only the passenger seat with a smile plastered on her face as the man flexed his ‘skills’, occasionally cracking a joke or two on women drivers and their lousiness. Shattering all these stereotypes with utmost ... Read More »

Slew of new car launches, high fuel prices: Used cars sold 4 lakh units more than new in 2018

In value terms, the used-car market clocked almost two-thirds the business recorded for new cars last year — Rs 1.4 lakh crore for used cars versus Rs 2.2 lakh crore for new. (Representational) MARKING A trend that appears to be gaining strength, India’s used-car market saw the sale of 40 lakh vehicles in 2018 to overtake the volumes for new ... Read More »

Delhi startup CheckMyGaadi helps buyers evaluate used cars, wants to be the OYO of car servicing

If you are a car owner, it is likely that you have been concerned about its maintenance and/or repair at some point. And, if you happen to own a second-hand car — which is what many Indians do, with the domestic used car market estimated to reach $75 billion by 2023 — the concerns are paramount. Questions such as how to ensure that ... Read More »

BS4 Used Car Sales Increase — BS6 Emission Norms Effective From April 2020

BS4 (BS-IV) used car sales increase ahead of the updated BS6 emission norms that come to effect in April 2020. Major automotive manufacturers are busy making their existing products BS6-compliant while certain models are being discontinued. In order to prevent such units from piling up the inventory, the soon-to-be-discontinued models are currently available with attractive discount offers and exchange bonuses. ET ... Read More »

Tata Motors bets big on used car business

Used car business next big bet of Tata Motors Tata Motors is planning to scale up its used car business this year replicating the strategy of Maruti Suzuki and Mahindra & Mahindra’s pre-owned business, but will not have a separate chain for the segment. The company is running a pilot programme in several locations and is in the process of identifying markets where pre-owned cars ... Read More »

Used car platform Truebil raises ₹100 crore

Omni-channel platform for buying and selling used cars Truebil has raised ₹100 crore in Series B round through a mix of equity and debt. With this round, the total funds raised by Truebil stands at ₹160 crore. The latest round was led by leading Japanese investor Joe Hirao, founder of Tokyo-based classified website ZIGExN. Existing investors Kalari, Inventus, Kae, Shunwei, and Tekton ... Read More »

Virtual dealership promises no used car salesmen

Trevor Bergmann, left, chose a car on the Clutch virtual dealership website, and a Clutch ‘concierge’ delivered it to his workplace for a test drive. (Patrick Callaghan/CBC News) When Trevor Bergmann of Halifax went looking for a second-hand car, he decided to check out a brand new way to shop for one. “My partner Jennifer found a vehicle online — it ... Read More »