India’s used car market has had a lone voyager in Maruti and its TrueValue program. Now, Honda’s Auto Terrace, Toyota You Trust brand, Hyundai’s Hyundai Advantage, and Ford’s Ford Assured used car programs have entered the Indian car market. Statistics say that the used-car market counts for one million units across India. This industry is expected to grow bigger faster than in past years.
Here is the current scenario of the pre-owned cars industry in India. Toyota’s You Trust venture is all set to roll out at leading dealerships across the country by October end 2007. Honda is ready with their new team trained to focus only on its used-car program called Auto Terrace. The company’s used-car program is currently running in a small way and is expected to be a success soon. Ford Assurance and Hyundai Advantage programs are also doing competitively well in the industry. Last, but definitely not the least, our car guru Maruti is at the top with more than 90,000 used cars units sold through its True Value network.
Labels: Ford, Honda, Hyundai, Maruti Suzuki, Mitsubishi, Programs for used car sales, Toyota, Used car market in India, Used cars



