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The Lucrative Used Car Market

It needs a discerning eye to see a hugeThe class of traders which thrives on
invisible and less-talked about marketsuch a situation is auto dealers. They
around the used car users all over thecome to the big cities in hordes; pick
countryup the junk in the name of used cars,
I do not know how many of you havetake them back to their towns and
noticed that an old car of yours whichcities, refurbish them at cheap garages
fetches you an X amount in theand sell them at premium. Such cars
metropolitan city like Mumbai can getcater to the aspirations of the masses
you upto 1.5 X in B or C class citieswhich have not been exposed to a culture
like Jabalpur and Indore.economically higher than theirs. Hence
The reason is simple to understand. Athe aspirations they have too fall in a
city is known by the infrastructure itlower bracket. Hence here is the market
has which is directly linked to itsfor the used cars.
economic status of its population. It isCheap Indian used cars have not only
easy to understand that a cityattracted the small-time auto dealers,
population with high disposable incomesthey are now being equally fancied by
would change the consumer durables morepremium dealers and even top brand car
often than the one lower on thatmanufacturers. Banks too have tied up
economic scale.with the recognised and with the
The result being that among other thingshigh-end used car dealers to make
you have more cars changed and henceavailable finance to those who would be
higher availability of used cars forhappy to own used cars.
sale. You don't need a car review toIt needs a discerning eye to see a huge
tell you why the cost of cars in biginvisible and less-talked about market
cities is much lower than in the smalleraround the used car users all over the
cities.country.



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