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  4. > Booming Used Car Market in India Outlook 2017

Booming Used Car Market in India Outlook 2017

  • November 2013
  • -
  • RNCOS
  • -
  • 60 pages

India represents one of the world’s largest car markets. Easy availability of finance and rising income levels are encouraging the middle class population for upgrading their two wheelers to a car. Besides, the growing organized used car market has also been a positive growth factor in the used car market of the country. Driven by the above factors, the used cars market is anticipated to grow at a CAGR of 16% during 2013-2017.

In the report, a comprehensive study of the current market scenario has been done, different trends & drivers and challenges of the market discussed so as to provide an understanding of the market’s dynamics. The present section intends to aid players in designing their business strategies and provide them with key insights that will help them boost their profits.

The report “Booming Used Car Market in India Outlook 2017”, covering an analysis of the used car industry in India, has been broken down into four major divisions i.e. by segment (covering small, mid size, SUVs and luxury cars), by players and by major cities. The report further studies consumers’ behavior and price patterns of used cars in India to help RNCOS’ analysts to clearly identify and highlight the segments offering maximum opportunity for growth. Additionally, the report covers the regulatory environment and collected information about financing and refinancing options for used cars in the country.

Continuing further, the report gives a description of used car dealers in India. It covers a strength and weakness analysis of major financiers existing in the country. In a nutshell, the research provides all the prerequisite information for intended clients looking out to venture into the used car market, and facilitates them to devise strategies while going for an investment/partnership in used car industry.

Table Of Contents

Booming Used Car Market in India Outlook 2017
1. Analyst View
2. Research Methodology
3. Macroeconomic Indicators
3.1 Population Growth
3.2 Real GDP
3.3 Disposable Income
4. Market Trends and Drivers
4.1 Rising Tendency of Shift to Bigger Car at Lower Price
4.2 Growing Interest of Organized Players in the Market
4.3 Increasing Demand for Luxury Cars in the Pre-owned Market
4.4 Availability of More Advanced Cars Driving Pre-owned Market
4.5 Increasing Preference of Pre-owned Cars by Beginners
5. Used Car Market Outlook to 2017
5.1 By Segment
5.1.1 Small Cars
5.1.2 Mid-size Cars
5.1.3 Utility Vehicles
5.1.4 Luxury Cars
5.2 By Players
5.3 By Major Cities
6. Consumer Behavior
6.1 Cash Down Payments Preferred Over Financing
6.2 Rising Inclination towards Diesel Cars among Business Class
6.3 Preference for Cars with Less Age by Special Range of Customers
6.4 Consumer Fondness for Popular Car Brands
7. Price Analysis
8. Financing
9. Challenges
9.1 High Interest Rates and Cumbersome Process Repelling Customers
9.2 Impressive Offers on New Cars Posing Threat to Used Car Market
9.3 Insufficient Stock of Used Cars to Affect Pre-owned Market
10. Regulatory Environment
11. Key Players
11.1 Maruti True Value
11.2 Tata Motors Assured
11.3 Mahindra First Choice
11.4 Hyundai Advantage
11.5 Chevrolet OK
11.6 BMW Premium Selection
11.7 Honda Auto Terrace

List of Figures:

Figure 3-1: Population (Million), 2012-2017
Figure 3-2: Real GDP Growth (%), 2012-2017
Figure 3-3: Per Head Disposable Income (US$), 2012-2017
Figure 5-1: Used Car Sales (Million Units), 2011-2017
Figure 5-2: Share of Organized and Unorganized Market in Used Car Sales (2013)
Figure 5-3: Small Car Sales in Used Car Category (‘000 Units), 2011-2017
Figure 5-4: Mid-size Car Sales in Used Car Category (‘000 Units), 2011-2017
Figure 5-5: SUV Car Sales in Used Car Category (‘000 Units), 2011-2017
Figure 5-6: Luxury Car Sales in Used Car Category (‘000 Units), 2011-2017
Figure 5-7: Used Car Sales by Major Brands (%), 2013
Figure 5-8: Used Car Sales by Top Cities (%), 2013
Figure 6-1: Cash Down Payments vs. Financing
Figure 6-2: Diesel Cars vs. Petrol Cars
Figure 6-3: Older Models vs. Newer Models
Figure 6-4: Popular Brands vs. Other Brands
Figure 7-1: Preferred Used Car Price Range (%)

List of Tables:

Table 7-1: Most Preferred Price Range by Top Cities
Table 7-2: Most Preferred Used Car Models by Top Cities
Table 8-1: Interest Rates and Processing Fee for Used Cars by Major Banks
Table 8-2: Strengths and Weaknesses of Major NBFCs
Table 10-1: Depreciation Allowed on Used Imported Cars

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