Expansion of Dealerships into Non Metro cities and Declining Ownership Period for Used Luxury Cars has increased Sales for Pre-Owned Premium Cars: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Improving Lifestyle, Perception of Premium Car as Social Status, Rising number of HNIs Launch of New Models and Variants and Higher Demand for New Premium Cars has Positively Driven the Market”. Analysts at Ken Research in their latest publication “India Pre Owned Premium Car Market Outlook to 2023 – Growth Propelled by Traction from Digital Platforms, Surge in Certified Dealership, Decline in Average Car Price and Faster Launch of New Models” expect that with introduction of new technology and growing demand from non metros will have positive impact on the market. The focus on improving after sale service, easy finance and leasing will drive the demand for used car sales. It is expected that India Used Luxury car market will register a five year CAGR of 11.7% during the period 2018-2023. Market Structure and Size: The Pre-owned Premium Cars market has been observed to be at the growth stage, with the competition been highly fragmented owing to the presence of unorganized sales channel. The industry is booming with expanding sales volume owing to fall in average ticket size, change in customer perception towards used premium cars, expansion of online sales & lead generation by classified companies, diversified sources to finance the vehicle and better certifications available in the market. Majority of sourcing is done through trade-ins in organized market while it is made through buy & sell/ park & sell channel in unorganized segment. Rising Number of HNIs: Demand expanded primarily owing to rise in the number of HNI’s & per capita disposable income. Change in mindset of domestic population for favoring used cars over new cars also facilitated the shift. India has more than 300 thousand HNIs and their population is on constant increase. Expats and NRIs returning to India have also created the demand. Emergence of Non Metros as Potential Market: The expansion of business and SMEs in tier 2 and Tier 3 cities and expansion of IT and services companies in these cities has attracted many high paid individuals to be posted in these areas attracting the potential market for luxury used vehicles. Improving the Service network has acted as key driver for attracting consumers in these cities. Companies such as Mercedes have launched mobile service centres to cater their customer servicing needs in remote areas of the country. Key Segments Covered:- India Premium Used Car Market Segmentation by Market Structure (Organized/Unorganized & C2C), India Premium Used Car Market Segmentation by Car Made/Brand (BMW, Mercedes Benz, Audi, JLR and Other) Premium Pre-Owned Car Dealers (MB Certified, Audi Approved plus, BMW Premium Selection and Jaguar Approved) in India India Premium Used Car Market Segmentation by Sourcing Channel (Buy Sell, park Sell and Trade Ins) Key Target Audience:- Online Auto Listing Websites Premium Car Companies NBFCs, Insurance Companies and Banks Used Car Dealers New Market Entrants Time Period Captured in the Report:- Historical Period: 2013- 2018 Forecast Period: 2019 – 2023 Companies:- BMW Mercedes Benz Audi JLR BBT Cars 24 Cartrade Key Topics Covered:- India Pre Owned Premium Car Market India Pre Owned Used Car Market India Used Car Market India Pre Owned Premium Car Market Revenue India Pre Owned Premium Car Market Major Players Used Car Demand In India Premium Brands Used Car Market India Second Hand Luxury Cars Market India Number Of Premium Car Dealers In India Used Luxury Car Market Sales India Certified Pre Owned Luxury Car Sales Market India Number of Branches of Car Trade India Number of Branches of BBT India Used Car Finance By BMW India Used Car Finance By Mercedes Benz India For more information on the research report, refer to below link:- India Pre Owned Premium Car Market Related Reports:- US Vehicle Finance Market Outlook to 2023 –By Banks and Non Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales UAE Used Car and Auto Classified Market Outlook to 2022 – By Revenue Streams (Commission, Paid Listings, Banner Advertisement), By Export and Domestic Sales Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Audi Car Market Sales By Dealership India, Audi Pre Owned Premium Car Market Shares India, BBT Sales Luxury Cars Market India, Big Boy Toyz Used Pre Owned Luxury Cars India, BMW Car Market Sales By Dealership India, BMW Pre Owned Premium Car Market Sales India, Car Trade Used Car Market Revenue India, Cars 24 Preowned Luxury Cars Market India, Certification Process Of Used Car Market India, Certified Pre Owned Luxury Car Sales Market India, Dealer Sales Luxury Cars India, Demand Used Luxury Cars Market India, Europe Pre Owned Premium Cars Market, India Pre Owned Premium Car Industry, India Pre Owned Premium Car Industry Dealers, India Pre Owned Premium Car Industry Research Report, India Pre Owned Premium Car Market, India Pre Owned Premium Car Market Analysis, India Pre Owned Premium Car Market Competition, India Pre Owned Premium Car Market Dealers, 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