Used Car Market Set To Grow In 2007
By Kundan Bajaj
The news of Tata Small Car Project running into trouble in West Bengal has not deterred the used car market as it promises to grow by leaps and bounds in the New Year. The industry estimates have indicated that the market for used cars in India grew by about 25%-30% in the year 2006 that is roughly the same as the sales-growth of new cars in India. The figures make sense too. After all, we are talking about a country that has shown one of the best economic performances in the past few years. And a country that boasts of 300-million strong middle class people whose economic graph is on a swing.

The used car market in India has received a boost in India mainly because of the ease with which one can buy/sell cars in India. If you intend to buy used cars in India, all you have to do is either advertise it in the classifieds or alternatively, contact a used car dealer who can easily find you a buyer willing to pay a good price for your vehicle. There is yet another option. Register at India’s auto portal on the Internet and let the buyers contact you online.

The spending capacity of Indians has witnessed a quantum jump in the past year. With booming economy, at least the middle class segment is not complaining. It’s true that the benefits of booming economy have not percolated down to the most needy, but the industrial and economic growth have benefited millions. The poor people who could not afford a car earlier have started realizing that with

Article continued below...