India Used Car Market is Estimated to Record Around INR 1.5 billion Revenues by FY’2020: Ken Research

India used car market report provides statistics on offline and online used car dealers covering used car sales by cities, by class wise, by car types, customer profile, market share, volume of used car sold, future prospects and macro economic factors.

• Future Growth of Used Car Market is expected to be led by emergence of web aggregators and rise in preferences towards used car
• In the Used Car Market, the market has been dominated by Maruti True Value, while in the online used car market; Car Dekho has subjugated the online used car market.

Ken Research announced its latest publication on “India Used Car Market Outlook to 2020” which provides a comprehensive analysis of the used car sales in India through online and offline means. The report first analyzes the market of used car in detail, with major segmentation of distribution channels, marketing channels and by demand from major cities. On the competition front, market share of major players in the used car market with detailed company profile has been presented. On the other side, online used car market has been presented with a focus on the positioning of major online web aggregators in the market, with detailed company profile. The report also shed light on the market size of online used car market. The report also includes Macroeconomic factors which have been analyzed to determine the future prospects of the Industry. The report will help car dealers as well as online car web aggregators, car manufacturers, retailers, and other stakeholders to align their market centric strategies.

India’s used car market has been subject to several changes over the years due to the entrance of new players and as a result, there has been a shift in the way this market has been functioning. In other words, the used car market at present is more customer-oriented than it was a decade ago. Being more customer-oriented is also working in favor of the sellers which can be seen in the form of higher sales by volume and revenue generated in the recent years.

The used cars market has also penetrated to the tier 2 and tier 3 cities and the market size in terms of revenue was INR ~ billion in FY’2015 and this value is expected to grow further in the next few years with the online players increasing their presence in the market and the changing outlook of the people towards second hand cars.

The online used car market has emerged as a result of the popularity of e-commerce not only in India but in almost every East Asian and South East Asian country. Electronic or e-commerce consists of all those commercial activities which are conducted by the use of computer network and that of information technology such as Electronic Data Interchange (EDI) and it basically involves the buying and selling of goods and services over the World Wide Web (www).

According to the research report, the used car market will grow at a considerable CAGR rate to reach INR 1.5 billion by 2020 due to the increasing number of car dealers and preferences for used cars in India.

“Easy access to high-speed internet and therefore, availability of nearly perfect information about the used cars has also led to a decline in the ‘search costs’ for the buyer, which is the main reason why people are increasingly willing to buy or sell cars on the web”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:
Used Car Market
- Market Size by Value, Volume
- Market Segmentation by
o Organizational Structure
o Types of Cars
o Distribution Channels
o Marketing Channels
o Major Cities
- Trends and Development
- SWOT
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters
Online Used Car Market
- Market Size by Value
- Business Model
- Consumer Profiles
- Market Share of Online Used Car Web Aggregators (Carwale.com, Cartrade.com, Cardekho.com, Zigwheels.com, Olx, Quikr)
- Future Outlook

Key Products Mentioned in the Report
Used Car
Online Auto Portals

Companies Covered in the Report
Used Car Players:
• Maruti True Value
• Tata Motors
• Mahindra First Choice
• Hyundai Advantage
• Honda Auto Terrace
Online Used Car Players:
• Car Wale.com
• Car Trade.com
• Car Dekho.com
• Zig wheels. Com
• Olx
• Quikr

Related Reports:
The US Used Car Market Outlook 2016 - Driven by Late Model Used Cars
India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth

Source: https://www.kenresearch.com/automotive-transportation/auto-components/india-used-car-2015-edition/654-100.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249


Contact Details

Company Name: Ken Research
Issued By: Ankur Gupta
Phone: +919015378249
Address: 109-110, NDM II, Netaji Subhash Place, Pitampura
City: New Delhi
State: Delhi
Zip: 110034
Country: India
Website: Visit the website

Keywords : India Used Car Market Report, Used Car, Entry Level, Compact cars, Mid Size Used Cars, Luxury Cars, Executive Cars, Used Car Dealers, C2C, B2B, B2C Used Car Sales, Multi Brand Showrooms, India Online Auto Portal Used Car, Market Prospects India Used Car, Used Car Dealers Industry, Used Car Sales India,

by Ankur Gupta (last year!)

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