The Padmini(Fiat)
and Ambassador cars were owned, driven and maintained for years.
Sons and daughters would grow up, get their own driving licences
and drive the same car to college.
The car owner today is changing cars more frequently than ever before.
'Are consumers wanting newer cars only because they have the
moolah and want to get trendier?'...
Apart from trendier models, newer cars bring latest technologies.
New cars are safer and lesser polluting. They have better fuel-efficiency,
power, comfort, and features that add-up value. Changing for a new
car, therefore makes a sensible economic decision.
Today, the resale value of your car plays an important role in
your buying decision. The used car market is growing rapidly
and getting more organized. Second-hand car buyers obviously have
a wider choice and want more value out of the deals. The manufacturers'
reputation, the service network, availability of parts...matter
a lot to the consumers.
Today - Maruti 800, Zen and Esteem are the most sought after used
cars.
The values of more expensive cars like the Safari, Opel Astra and
Ford Escort depreciate considerably (even as they roll out from
the showroom).
Used Car
Market Prices -
Click here to see indicative
car resale value chart
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