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Thursday, 21 February 2008

Now-a-days, there’s a great demand for used cars in India. It’s difficult to figure out the exact reason for this. It’s most probably because cars have now become very affordable to most middle class families. Small cars like Maruti 800, Chevrolet Spark, and Santro Xing are available at very attractive prices. To be able to buy new cars and better cars, people are selling off their old cars without giving much thought to the actual re-sale value of the car. This has led to a rise in the used car business. It has turned out to be very lucrative business.

Many car manufacturers are cashing in on this trend. Maruti came out with their TrueValue service some time back. Hyundai called their business “Hyundai Exchange”. Now, Toyota has started its own used car outlet in New Delhi. They are calling it “U Trust”. They are looking forwarding to helping people pick-up good used cars at minimal prices and are also providing financing options as a value-added service.

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