IndiaBlueBook (IBB), the industry first pricing and analytics platform for new and pre-owned vehicles in India, released the ‘India Pre-Owned Car Market Report’, a study on the Indian pre-owned car market. The report attempts to ‘connect the dots’ in the rapidly growing pre-owned vehicle segment and provide insights into scale, stage, and structure of the multi-faceted Indian pre-owned car industry. It also analyses the Indian market related to two other important markets – the US and China. These relative country assessments are first of their kind globally.
“Over the past 24 months, the pre-owned vehicle industry has been the subject of much attention from a variety of industry stake holders such as investors, automotive OEMs, car dealers findncial institutions and consumers. However, little is specifically understood about the industry due to severe paucity of data. This report should be useful to all stake holders in assessing the Indian pre-owned vehicle industry, both domestically and in the global context,” said, Dr Nagendra Palle, Managing Director & CEO, Mahindra First Choice Wheels Ltd.
Leave a Reply