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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

The used car industry is generally three to five years behind the trends in the new car market. New Delhi: The Indian used car market is poised for continued expansion, fuelled by a burgeoning middle class with rising disposable income, a growing desire for personal mobility and shorter vehicle replacement cycles. million units.

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Brokerages cut price targets on Delhivery, Stock falls 10% – ET Auto

Baua Electric

CLSA downgraded its rating on Delhivery to underperform from buy citing volatile growth in the express parcel segment. “We think that what happened with Delhivery was one-off event where we saw a knee-jerk reaction from the market to its results,” said Hemang Jani, director, Finazenn.

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Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

Analysts and industry experts believe the move will affect the second-hand market for EVs and dissuade buyers who are already rethinking big purchases due to higher borrowing costs. “Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” The value of used EVs has dropped 33.7%

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Volkswagen to rebrand used car biz, plans future investments – ET Auto

Baua Electric

Second, when Das WeltAuto buys a used car from any other OEM, they get access to the customer data which helps in pitching its own offerings. Volkswagen’s market share in the Indian new car market is less than 2%, but about 30%- 35% of its sales come from exchange programs during new car buying.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. As per industry estimates, about 4.1

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The Inefficiency of Car Buying

Clean Car

Buying a New Car is inefficient, its no wonder that electric vehicle sales are still pretty low. The buying experience of a new car for each of us is different, but the one similarity for all of us is its inefficiency. Each of us has a different approach to buying a new car. The steps are easy: Download the CleanCar app.

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Autocar Professional’s May 15, 2024, issue is out! | Autocar Professional

Baua Electric

The recent introduction of the Gen IV Swift hatchback by Maruti Suzuki amidst the SUV dominance is indeed a noteworthy move, highlighting the enduring appeal of hatchbacks in the Indian market and why some OEMs are still banking on them. Citroen’s global CEO offers valuable insights into their strategies for the Indian market.

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