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Thursday, July 3, 2008

Used Car Market Report of India

The used cars market in India is about 1.14 million cars annually. Out of this, the planned market is about 10%. The unorganized second hand car sellers add up another 30% while the bulks, (up to 60%) used car sales in the country are purchaser to purchaser ones.

The most excellent selling cars in the used car industry are those very names, which have imprinted a place in the new car market. Naturally, well-liked hatchback models Maruti Suzuki Wagon R and Hyundai Santro are the bestsellers in the used-car market. These are pursued by MUV/SUVs like Toyota Corolla and Mahindra Scorpio. Sedans like Honda City and Toyota Corolla are also in high demand.

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