Tag Archives: Used

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Market for used cars shifts as sterling rates drive UK imports

Kieran Whelton with some of his UK imported secondhand cars at his car dealership in Knock, Co Mayo. Photograph: Keith Heneghan Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn For the Irish motor trade, the market is as much about currency rates as cars. Dealers watch the latest forex market as closely as the IFSC currency traders. Kieran ... Read More »

How CARS24 is shaking up the used car industry in India through technology innovation

The used car market in India is growing at a phenomenal pace and due to shorter car ownership periods, price value quotient, penetration in smaller towns, demand for used luxury cars, and reduced customer anxiety towards pre-owned car segment, it is turning out to be bigger than the new car market As per the data by SIAM released in 2018, ... Read More »

Online Used Car Marketplace Cars24 Raises $49.7 Mn

• The funding has been raised from Sequoia Capital India, Kingsway FCI Fund, and KCK Global • The startup’s valuation is expected to be $250 Mn • Cars24 currently has more than 50 branches across 10 major cities in India Gurugram-based online used car marketplace Cars24 raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, with the participation of some existing ... Read More »

A year after GST rollout, used car sales rebound in Q1 on lower base

The pre-owned car market has been subdued since November 2016, when the government demonetized high-value notes. Photo: Shankar Mourya/HT New Delhi: A year after implementation of the nationwide goods and services tax (GST), the organized used or pre-owned car sales market has started to recover albeit at a slow pace as the taxes imposed on such vehicles are still higher compared ... Read More »

How much do used hatchbacks, sedans and luxury cars cost?

The used car market in India has become larger than the new car market. Photo: Mint The used car market in India is larger than the new car market. In the year 2017-18, a total of 3.28 million passenger vehicles, which includes hatchbacks, sedans and SUVs, were sold in India. The used car industry’s volume was 3.8 million units over ... Read More »

5 things you should definitely check before you invest in a used car

We all know purchasing a used car is a big decision for many. Though trusted pre-owned marketplaces like Droom have made this a hassle free affair, we can totally relate to your fears and concerns, especially when you are putting in your hard earned money into such a big ticket item. Cars, be it new or used, are still an aspirational asset ... Read More »

Some used car dealers ‘ordered’ thieves to STEAL Toyota Fortuners: Cops

The Delhi police recently shot dead a car thief near Vivek Vihar in East Delhi. The cops also managed to nab an accomplice of the dead thief. Investigations into the theft of cars by this gang have revealed some startling details! The accused used to take ‘orders’ from used car dealers and plan their course of action accordingly. The probe reveals that ... Read More »

Used car buying guide: Smart Roadster

Just £2450 will get you behind the wheel of one of the most interesting small sports cars of the past 15 years – a Smart Roadster Light coupé. The 2005-registered £2450 car we found has done almost 90,000 miles. It has only seven service stamps in the book – not ideal given the tiny engine’s fondness for fresh oil (every 7000 miles). ... Read More »

Top 15 used car models that people are buying right now

The used car market in India has become larger than the new car market. Photo: Hemant Mishra/Mint Planning to buy a car? Whether you are buying a new or a used car, this listing of the top used cars in demand across India is going to be useful. For new car buyers, it helps to zero in on a brand ... Read More »