India Used Car Market 2022-2027

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    INDIA USED CAR MARKET

     

    INTRODUCTION

     

    Throughout India, some used automobile sector is still in their infancy. The market is dominated by the unorganized sector, with few consumer protection options.

     

    infographics-India Used Car Market, India Used Car Market Size, India Used Car Market Trends, India Used Car Market Forecast, India Used Car Market risks, India Used Car Market Report, India Used Car Market Share

     

    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 SIZE AND FORECAST

     

    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. 

     

    INDIA USED CAR MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Mahindra First Choice Wheels Limited invested in CarandBike.com Mahindra has invested in the website-oriented player of the used car market i.e. CarandBike.com India This would enhance better Technological Controls
    2 Cars24’s smart pricing puts India’s used car market in fast lane Artificial intelligence is being utilised by Cars24 Services and other Indian businesses selling used cars to provide transparency to the industry. India This would enhance better Technological Controls
    3 Policy vacuum speed breaker may slow down India’s booming used car market With the advent of companies like Cars24, Olx Autos, Droom, and CarTrade, the used automobile sector has gotten a boost. However, there is still a policy void. India This would enhance better Technological Controls
    4 Car repossessions see sharp surge as used auto market in slow lane As defaults are resolved through auction proceedings, repossessed automobile stockpiles are shifting to the used car market. India This would enhance better Technological Controls
    5 India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation Cars24, an Indian business that has developed an app and website for selling second-hand cars and motorcycles, has acquired $400 million in funding, including a $300 million Series G round and another $100 million in debt. India This would enhance better Technological Controls

     

    COMPETITIVE LANDSCAPE

     

    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.

     

    COMPANIES PROFILED

     

     

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the average selling price of India Used Car Market right now and how will it change in the next 5-6 years? 
    2. Market share of India Used Car Market vendors right now and their upcoming products
    3. The cost advantage for OEMs who manufacture India Used Car Market  in-house
    4. 5 key predictions for the next 5 years in India Used Car Market right now, the latest trends in every market segment
    5. The market size (both volume and value) of the India Used Car Market in 2022-2027 and every year between
    6. Production breakup of the India Used Car Market by suppliers and their OEM relationship
    7. What is happening overall in the India Used Car Market right now?
    8. Who are the major players in the India Used Car Market?
    9. What are the business opportunities in India Used Car Market right now and What is the target group?
    10. What are the plans for the India Used Car Market in five years?
    11. What are the Threats in the India Used Car Market in the next five years?

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

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