The used car market is getting organized at a speedy rate in India. Given the growth rate of the used car being sold in the market which has performed better than the new car market in FY18. It saw a 50% of market growth in the last financial year which proves to be a proof of an organized market. OLX Cash My Car with its offline stores are delivering end to end services via 14 stores strategically located in Airoli, Andheri, Bandra, Borivali, Chembur, Dombivli, Goregaon, Juhu, Kharghar, Miraroad, Powai, Prabhadevi, Thane and Vashi to cover almost all parts of the city. Mumbai is a city which is busy across all hours of a day. The city roads are cramped with cars during the daytime of the hours. It gives you reasons to go for a second-hand car as a safer buy in comparison to a new car purchase. It leaves you with lesser tension of getting the car rubbed in the traffic.
Pertaining to different cities in India, there are various factors why different used cars are bought. In Mumbai, because of the above reasons, there are a few cars which are either on high demand or are being sold in the market. With the choices that consumers are getting in today’s organised market is numerous thus, customers are also taking informed decisions to buy a particular car model. With an observation made in the last few months, the market is skewed towards few of the car models like
- Maruti Suzuki WagonR 1.0
- Maruti Suzuki Swift
- Maruti Suzuki Swift Dzire
- Hyundai i10
- Hyundai i20
These have been topmost buying or selling used cars in Mumbai for their various reasons. While it can be clearly seen that Maruti Suzuki has kept the top three slots with it while the second two is with Hyundai. One cannot deny the role being played by the brands while making the purchase decision for used cars. Therefore, Maruti Suzuki trusts and value for money cars are always welcome. It has its cascading effect on used cars buy or sell options too. Maruti cars will always attract more customer who is looking out to sell or buy a pre-owned car given the price of the car, sturdiness, features, mileage, mobility factor of the model. Now when we look at Maruti Suzuki WagonR 1.0 being top most selling or buying a car it says a lot about the consumer mindset. When the streets are too busy with cars on the road one would need fast mobility, easy to handle, low maintenance car like WagonR 1.0. It’s a family car as well as fulfils the demand of the city too. Hence, a perfect buy or sell for the best of ROI. On the other hand, Swift, as well as Swift Dzire, are also doing well in the market. Sedan and hatchback are both again comfortable cars with innumerable features making it a stable car for a city like Mumbai. Such cars are also being passed in a physical inspection test with a better ratio than other brands or car models from the same brand. Swift Dzire makes a great option for buyers who are looking at buying a sedan for a bigger family. Swift also ends up providing a good return given the case that the car has been maintained by the owner. Service records and engine’s health plays an important role in getting a good price at OLX Cash My Car as well.
On the other hand, Hyundai cars have also picked up a pace in the used car market. Hyundai i10 and i20 both have become favorite of the industry. Both the cars are comfortably priced when bought as new thus, when they are sold to the organised player as a used car the cost does come down. In fact, if a buyer ends up getting a well-maintained used car below Rs. 3-3.5 Lakh proves to be a good deal. Both the cars have got a mileage of 17 to 25 kmpl and if the mileage has been maintained by the owner then they become the best buys. Both the cars provide easy city driving features which are required by any car owner residing in Mumbai. Though Hyundai i20 is a little bit more in demand than i10 because of its improved design, spacious interiors with excellent drive-ability, refinement, performance as well as fuel economy. What is common in both brands is after sales services. Maruti and Hyundai both of them provide excellent after sales services as well as assistance during off-roading thus making more convenient choices for the customers.