India Used Car Industry Outlook to 2018 - Shifting Focus of Key Automakers on Used Car Business

http://www.researchmoz.us/india-used-car-industry-outlook-to-2018-shifting-focus-of-key-automakers-on-used-car-business-report.html

The report titled "India Used Car Industry Outlook to 2018 – Shifting Focus of Key Automakers on Used Car Business" presents a comprehensive analysis of the industry aspects including market size by value and volume, market segmentation by type of cars, by organizational structure, by distribution channels involved and by major cities. The report also entails the market share analysis and company profiles of major players along with trends and developments. The analysis providing insights on the consumer preference and behavior especially in online segment of the market has also been discussed in the publication. The future analysis, macro-economic factors and government regulations have also been discussed in the industry research report.

Till about a decade ago, the used car market in India was dominated by the unorganized players such as street level and self-appointed used car dealers, road side mechanics who were not certified by the Government of India and by the car owners themselves. There were word-of-mouth advertisements which handled most of the industry. In addition to this, there were not many major brands entering the used car market until recently.

At present, only % of the used car market in India is organized (in volume terms) as compared to the unorganized part of the market. The organized used car sellers offer exchange and finance schemes in order to attract a large number of buyers into the used car business. The used car sales in this market has picked up and has been growing at a CAGR of nearly 21.1% (in revenue terms) during FY’2008-FY’2013 and is expected to grow even further as more carmakers are entering in the used car market.

The used car market in India can also be segmented into four major categories of cars. As per industry standards, the A segment consists of entry-level cars with length...