The pre-owned automotive market is witnessing a boom with increasing sales of second hand or used cars. According to BusinessLine, sales of used cars have reached the mark of 4 million units in the year 2019, 1.2 times the size of the new car market. The sale is also predicted to reach 6.7 to 7.2 million cars per year by the year 2022. A major reason for people to buy used cars is finding well-maintained pre–owned cars at a well-decided price value.
According to another report in BusinessLine, 85% of people choose pre-owned cars as a stepping stone to progress towards a new car. An option that not only helps them to buy their choice of car at a reasonable price, but also opens the avenue for the two-wheeler riders to jump to four-wheelers!
Shriram Automall India Limited (SAMIL) 