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Tuesday, 5 May 2009
Customers who want to upgrade their cars or looking for a used car will have a reason to smile as BMW is all set to launch its global used-car programme in India by 2010. Christened as BMW Premium Selection Programme (BPS), this global brand ensures BMW’s standards in the used-car sector. Cars under the this programme ought to have all the documents and should clear 72-technical point inspection taken by BMW-trained technicians with mandatorily less than 5 years old age or less than 1,20,000 km of mileage. Moreover, these cars will get minor makeover so as to impresses the buyers before going for sale. The company will also offer its first-class services with the programme which include comprehensive 2-years or 40,000-km warranty whichever is earlier, 24-hour roadside assistance, test driving, and also individual financing. This exclusive programme for BMW cars will take extreme care for the used car models by focusing on details like visible signs of accident damage; checks for - paint defects, tyres for minimum 3mm tread across entire width including spare wheel; complete examination of brake system, shock absorbers, battery and electrical systems, mirrors, windows sunroof, central locking and interior lights, seat belts, fluid levels, clutch, brakes and transmission, wiper blade and washing system, and importantly a test drive for performance and noise. Well, BMW has taken a wise decision of launching its global used-car programme in the wake of increasing luxury car demand in India. This programme will significantly reduce financial burden on the buyers which will guarantee a well-maintained premium car with a comparatively low price tag. Labels: BMW-Cars, Car-Buyers, Used-Cars
Wednesday, 25 March 2009
General Motors has come up with a cashless ownership offer to commemorate the fifth anniversary of its popular Chevrolet brand in India. This special and unique offer is solely introduced to build a strong bonding between the company and the customer and to boost buyers’ confidence on the brand. Called as Chevrolet Promise, the amazing zero ownership scheme will take care of labour cost, parts for all services, maintenance, and running repairs for a period of three years or 45,000 km, whichever occurs earlier. The offer provides customers the freedom to enjoy uninterrupted and expenses-free drive for three years. This value added scheme gives customers an opportunity to enjoy a calm and trouble-free ownership experience. Moreover, it will in turn help to improve the used cars’ value of the Chevrolet brand. Labels: Chevrolet-Cars, General-Motors, Used-Cars
Friday, 20 March 2009
The used car market is on speedy ride enjoying good sales volume. Many big car companies are trying their fortune in the sector and now Mercedes-Benz has shown its interest in the pre-owned car market. The company wants an organised strategy to sell the pre-owned Mercs in the country. The used car programme of the company is already active globally and very soon Merc lovers will experience its presence in the segment in India too by this year’s end. Mercedes-Benz has plans to invest around Rs 150 Crore to develop proper infrastructure in the country. Despite the worsening economic condition, Mercedes-Benz did not saw much decline in sales though it experienced financial problem to some extent. The global recession has proved lucky for the used car market as their sales graph grew higher compared to the new car market. Car manufacturers which already have their network in the segment are satisfied with consumers’ response. Hope Mercedes-Benz too enjoys a successful ride in the segment and continues to attract buyers with its used cars as well. Labels: Mercedes-Benz-Cars, New-Car-Launch, Used-Cars
Monday, 16 March 2009
Though the global recession has affected the new luxury car sales, the pre-owned luxury cars are still rejoicing their sales. The used car market is experiencing high scale growth grabbing buyers of small cars as well as mid-sized premium sedans. Seeing the great potential of luxury cars in the used car market, car brands like Merc, BMW, and Porsche are planning to try their hands in the used car segment. Porsche plans sales target of 200 new cars this year but for the used car it is likely to plan a higher target. Likewise, BMW who carries a high brand vale in India is also looking forward for a good sales number from the used car market. However, German Mercedes-Benz is planning to foray the used car market by 2010. New cars must be envying the pre-owned cars as they are really making impressive sales. It seems the competition is growing aggressively robust in the used car market compared to the new car market. Labels: Luxury-Cars, New-Cars, Used-Cars
Wednesday, 25 February 2009
The used car dealers are getting nightmares with the approaching Nano commercial launch.
Used car dealers being afraid of the market after the Nano launch have drastically reduced the rates of the pre-owned cars. Most of them are trying to reach the margin of Rs 1 Lakh to compete with the Nano. Shockingly, prices of many mid-size cars have been slashed by over 25% and small cars by 2%. Four-to-five-year-old Ford Ikon, Maruti Esteem, Opel Corsa and Fiat Sienna are now available with a price tag of around Rs 1 Lakh. Well the used car dealers have taken a right and smart step by lowering the prices. As it is quite obvious that when an AC mid-sized car with all necessary features is available at the same price of Nano, no customer will opt to buy a Nano base variant without AC. It is also known that the prices of the A and B segment (small) cars will see a further revision after the launch of the Nano. So, Nano is not only a threat to the new existing small cars but also to the used cars. Labels: Nano, Small-Cars, Used-Cars
Friday, 20 February 2009
Honda is celebrating a grand Exchange and Finance Carnival at Auto Terrace from Feb 20 and Feb 22. The carnival will enable you to exchange your old car with a brand new Honda car. You can also get attractive finance schemes for both used and new cars. Auto Terrace is Honda’s in-house car exchange facility where an existing car of any brand can be exchanged for a new or pre-owned Honda car. It is one of the prime locations where a fleet of Honda used cars are available for exchange. In the carnival you can get in touch with various officials and volunteers who will help you get your new Honda car financed and with pride you can simply drive out your dream Honda car. Whichever car you choose to buy, there'll be an absolute transparent transaction. Labels: Honda-Car, Used-Cars
Friday, 13 February 2009
 Rightly said “Every cloud has a silver lining” and we can now evidence this idiom. Take the instance of aftermaths of recession on the car industry. Surprisingly, when the credit crunch has highly impacted on the price of new cars, the price of used cars went down by whopping 30%. It’s more shocking to know that for the first time over 1000 cars are lined up in the Bangalore’s market in a span of only four months. This situation is created mainly due to the increasing job layoffs in the IT industry. IT professionals holding pink slips are no more capable of affording expensive four wheelers and are damping their cars into the used market. Even multinational companies and real estate developers are disposing luxury cars from their fleet. This scenario has flooded the pre-owned car market with huge population of cars and as the number of car inventory in the market is increasing, used car prices are falling down. Just imagine a used BMW 3 Series clocked just 300 km is available at Rs 25 Lakh and a used 2008 Honda City at Rs 6 Lakh. Even the three months old Maruti Suzuki Alto is tagged with a price of Rs 1 Lakh. There are people who are benefiting from the downturn and buying luxury and high-end used cars at a much affordable prices. So, it’s the best time for those who desire to buy high-end cars at affordable prices. Labels: Indian-car-industry, Maruti-Suzuki-Cars, Used-Cars
Friday, 26 December 2008
As part of the 25th anniversary celebration in India, Maruti is all set to organize the Mega Car Exchange Carnival on 27th and 28th December at the BRV Police Ground in Bangalore. Maruti announces an excellent exchange offer for the entire range of its new cars and used cars. If planning to buy a new car, you can visit the carnival and enjoy an exchange benefit with any car, make or model. You can even enjoy the on spot finance approval or renewal of insurance in the carnival. There are special offers for those who are working as corporate. Additionally, you can also have a 15 point check up, free air condition check up, free oil and coolant top up, and free electrical check up. If you wish to buy a used car, then excellent offers are awaiting you. The company gives you a complete 120 points quality check ups with refurbished genuine car parts. All the used cars displayed in the carnival would be certified by Maruti Suzuki engineers and would be sold with one year warranty and 3 year free service. Labels: Maruti Suzuki, New-Cars, Used-Cars
Thursday, 18 December 2008
After experiencing bankruptcy in U.S due to economic recession, General Motors now plans to enter the used car business.The company feels that this is the time to make a new start with a fresh approach and innovative strategy. With the current market slump, many car manufacturers are hunting for new avenues to boost car sales. For General Motors, used car business seems to be the best avenue with the current market situation. The company plans to start its new firm with the brand name, 'Chevrolet OK', from January 15, 2009. General Motors may see a new dawn of a brighter future ahead as most of the car manufacturers including leading market players like the Maruti and Honda have rejoiced success with their used car wings. And further to that the used car market in India is growing at an accelerated pace. Under the brand name 'Chevrolet OK', the company will only sell General Motors cars as a part of its project. It is also said that General Motors would introduce this used car biz as a pilot project and would also work on its expansion plans, if the company receives a good response in a couple of months. Labels: Car-Manufacturers, General-Motors, Used-Cars
Thursday, 20 November 2008
With nearly about 50 new car models rolling out next year, Porsche also announces the launch of its four-door, four-seater luxury sedan 'Panamera' in late 2009. Porsche takes 2009 as a consolidation year in India and has tied high hopes to the upcoming year. Being over excited about the launch, the company desires to merge the debut of this sedan with its global car launch expected to take place in late 2009. The company also strives to expand its dealership base in the country across different cities in order to promote its brand name across the industry. Also a pre-owned car business will become a part of Porsche by late 2009. This means that the year 2009 will be profitable for the car manufacturer. A new luxury car on roll, increased number of dealerships, and venture into used car business would all make the upcoming year a winning year for Porsche in India. Labels: Porsche-Cars, Sedan, Used-Cars
Friday, 8 August 2008
Looks like even the luxury car manufacturers have discover the potential of used car market in India. Major players like the Maruti-Suzuki, Hyundai, Mahindra & Mahindra has already achieved a good market in the used car segment and now the Volkswagen is also interested in trying its fortune in the pre-owned car business. This is a good start from Volkswagen as this will open the gate of more sales. With the entry in used car market, the brand can attain good market share in India as well as more customers. Presently, the company is shining the Indian roads with its sedan Passat and Toureg from the SUV class. It is also in the news that the Volkswagen follows top to down strategy where they will first concentrate on the premium cars and then get into the small car segment. This luxury car manufacturer has made the right step with the decision to enter into the used car market as this a perfect way to build customers. To further strengthen their presence in India Volkswagen also plans to roll out its iconic car 'Beetle alias Bug' in India. Labels: cars-India, Used-Cars, Volkswagen
Thursday, 3 July 2008
Why has the Society of Indian Automobile Manufacturers (SIAM) opposed the Government’s plan of importing used cars to India? Nobody is sure of the reason but some resources state that the SIAM has a doubt that trading of cars will greatly hamper the growing car industry in India. Importing can be a great risk to the Indian industry. SIAM even has a doubt that the used cars imported in the country are among those that are thrown out. These are simply a waste for them and that’s the reason they trade out these cars. Should our government encourage such kind of trading? Would we actually benefit something out of this? No. Then why the Government is supporting import of used cars? Labels: Car-Import, Used-Cars
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