Maruti Swift Dzire, Hyundai Santro Xing among most preferred used cars in India
CHENNAI: Models from Maruti and Hyundai are the most preferred used cars in India, according to a survey conducted by Gaadi.com.
Among the models in Maruti's stable, Swift Dzire emerged as a clear winner followed by Alto and Wagon R. Among the Hyundai models, Santro Xing led the way followed closely by i10 and i20.
The survey has revealed that about 73% of consumers are governed by the brand name of the used car while 13% determined their choices on the basis of price points. Fuel type is also a major factor in making the choice with 60% people opting for petrol cars and only 30% going for diesel cars.
The survey has revealed that the SUV & MUV segments in the used car space attract lower demand due to new car model launches like Eco Sport, Duster and others. The A4 segment, consisting of cars like the Civic and Jetta, are the worst affected with very poor demand, resulting in a dip in resale value.
The survey has indicated that other than friends and relatives, the online route plays a major role in influencing the final decision when it comes to buying a used car.
The key parameters that buyers closely consider before buying a used car are age/year, condition of the car /engine, make/model, mileage and past history. Colour and overall looks of the car also play a key role with white, silver and grey being the most preferred colors.
Umang Kumar, CEO, Gaadi.com, said, "Although the overall auto industry witnessed possibly the worst slump in 10 years, the used car segment remained intact and growing and is looking at an 18-20% growth rate over the next 5 years. The growing middle class and the changing urban transport needs have been the biggest reasons for its growth."
Reference: timesofindia.indiatimes.com
