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Throughout India, some used automobile sector is still in their infancy. The market is dominated by the unorganized sector, with few consumer protection options.
Semi-organized, disorganised, and customer-2-customer sales channels are all types of unorganised sales channels.
Moderately dealerships work out of a physical location like a workshop or a technician’s shop. Unorganised sector sales, but at the other hand, are conducted through intermediaries or royalties.
India Used Car Market is expected to gain market growth in the forecast period of 2020 to 2027. It is analyzed that the market is growing with a CAGR of XX.X% in the forecast period of 2020 to 2027 and is expected to reach USD XXXX million by 2027.
The industry is expected to rise significantly as more individuals prefer private transportation and more financing alternatives become accessible in the used automobile market.
According to the epidemic, customers have been forced to search for alternatives to new automobiles, and the used car market has a lot of room for expansion in this regard.
Owing to such pandemic’s impact on new vehicle sales and production, the used automobile market is gaining popularity among purchasers.
OLX India is a leading mobiliser of the various explorer oriented used cars requirements in the market. The entity employs a sophisticated CRM platform that allows their sales staff perform better while also offering a wonderful customer experience.
Designers required a powerful CRM solution to accomplish these goals. We deployed Salesforce Sales Cloud to automate our sales operations because of the large number of client touchpoints and amounts of data created every day.
Cars24 has been one of the most advanced solution provider in the used car requirements. All used vehicle dealers/brokers are gathered on this single online bidding platform. Price discovery is improved by dealer rivalry.
It has been trying to expand its operations, it makes sense to collaborate with big dealers, which are usually organised / semi organized in nature. As a result, their bidding platform has high share of organised / semi organized dealers vs. unorganised dealers.