Key Factors Driving the Growth of Used Cars in India

Did you know India's used car market is expected to grow at a CAGR of 16% during 2013-17? This is what a report titled “Booming Used Car Market in India Outlook 2017”, released by Research and Markets, had to say.

While greater awareness of global luxury brands is helping the new and used car industry grow, there are three specific reasons responsible for the growth of pre-owned vehicles in India, not the least of which are authorized used car dealers in Gurgaon and other parts of India.

India's Used Car Market – Key Drivers

1. Rising Income Levels - Robust economic growth is being witnessed in India, and the country is also seeing a concomitant rise in household incomes. These are two key factors that will increase consumer spending to $3.6 trillion by 2020, according to a report by India Brand Equity Foundation (IBEF).
2. Growing Organized Used Car Market – In the past few years, several used car dealers have come up all over India, be it in an upscale city like Gurgaon or a Tier 2 city like Guwahati. If you are looking to buy used Audi car, there is no dearth of cars for you to consider. What is important however is to get the vehicle from an authorized dealer only, one that can validate the quality of the vehicle after having conducted rigorous inspections of the vehicle on aspects like engine quality, interiors, and a host of other areas.
3. Easy Availability of Finance – A shot in the arm for India's aspirational middle class, looking to buy luxury cars, is the availability of easy financing options. The fact that one can credit easily and that too within a very short processing time is contributing to the growth of used car sales in India. So, for a customer, say in Delhi, not only is it easy and quick to get a car loan but also the price of used cars allows one to consider a higher end model. The best part is that with certified preowned cars being offered by authorized dealers, one also gains peace of mind.

From the issue of determining the fair price to that of assessing the quality of the purchase, there was always an element of uncertainty while dealing with the unorganized used car market, especially while buying expensive luxury cars. This is slowly changing with the emergence of authorized used car dealers in Gurgaon and the rest of India, who are providing certified cars to consumers after a thorough inspection on several quality parameters. This is bound to further fuel the growth of the used car market in India in the years to come.

Staying Ahead of the Curve

In a world that puts so much emphasis on performance and numbers, it is relatively easy to forget the role of lighting technology in a car. Audi doesn't. As it continues to pioneer innovations and introduce avant-garde technologies focussed on performance in its cars, the company is also working on lighting technology to not just keep up with the continually evolving world - but to stay a step ahead. From matrix laser headlamps to organic LEDs, all of Audi's future light innovations will be accompanied with the promise of the ultimate combination of aesthetics and brilliant functionality. A 120 metres long, twelve metres wide, and five metres high light tunnel underneath the Audi factory in Ingolstadt is a testament to the company's unparalleled dedication to lighting technology.

The Light Assistance Centre (LAZ) comprises a laser lab, a turntable, a weigh scale for cars, a media room, and a floor similar to a road surface. At the end of the tunnel is the so-called dome, which is 18 meters wide, nine meters high and 25 meters deep. Along with the countless other benefits, the new LAZ also renders night-time test drives unnecessary since engineers are now able to work 'in the dark' even during the day. The tunnel provides Audi all possible options for the development of new light technologies. Additionally, the company uses other spaces for working on interior lighting. The current subject of focus is state-of-the-art resources for high beam as well as camera-based light assistance system that will be introduced in series production in the future.

While Audi is engaged in a multitude of endeavours in reference to futuristic lighting technology, doesn't mean its current range of relevant provisions isn’t inventive. Take the matrix laser technology for example: in addition to perfectly illuminating the road, the headlamps also accurately mask out other road users in order to ensure that not a single person is deprived of sight by the permanent high beam. Furthermore, entities such as traffic signs or pedestrians can be marked by light. This heightens the driver's awareness and, consequently, safety. As another option, traffic signs can be precisely blocked to make certain that the driver is able to see them clearly without being dazzled by the reflection from the high beam.

This commitment to innovation and progress has served as the company's foundation since the day it was founded. And it is this commitment that has ensured that all its cars, new or old, offer the same unwavering performance year after year. The same spirit of performance and quality is imbibed as the working principle at Audi Approved Plus. The facility's promise of top-notch quality and unrelenting performance is delivered by the means of a rigorous system with 110 check points. The process examines each car to ensure our patrons receive cars of only the highest quality. To buy or sell second hand cars in Gurgaon without any hassle, visit the Audi Approved Plus.