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