Used Cars in Hyderabad

Used cars in Hyderabad

The demand for pre-owned cars is hitting an all-time high. It reached a record-breaking point last year, as the researches by CRISIL point out. Companies in the pre-owned car market are witnessing growth like never before, courtesy the growing aspirations of consumers, manufacturer-backed offers and exponential growth in the e-commerce space. Till a few years back, the ratio of new to used cars was 1:1.2. This has now grown to be 1:2.2, according to the reports of CRISIL. This implies that for every 10 new cars sold, 22 used cars are finding buyers. It is interesting to note that with steady decline in the holding period of a vehicle from six years to three years, there has been a significant increase in the supply of used cars. Market watchers have also asserted that the new passenger vehicle market is set to close at 2.8 million units this year.

A study by a renowned car portal has recently revealed that about 80% of the used cars in Hyderabad comprise compact cars and hatchback. It is noteworthy that white and silver are the most preferred colour shades amongst the people who seek to buy a second hand car. The top 3 car models which are the most popular amongst used cars in Hyderabad are as follows:

1. Volkswagen Polo : It is one of the main cars that this German company has launched in India to retain its market share here. The makers have endowed the new version of Polo with some upgrades that mostly cater to its interiors. One can hardly deny that the Polo has an extremely stylish and modern edge to it. Owing to its contemporary looks, it is arguably the most sought-after hatchback vehicle. It is also a highly preferred one amongst used car buyers.

2. Hyundai i10 : A relatively smaller hatchback, it has managed to make a stir owing to its looks and affordability. It flaunts an aesthetic design that gives it a solid upper edge in the entry level segment in the country. It looks compact from the outside, but the elegant designs in the interior offer ample space to fit in 4 adults comfortably. This car is also known to offer great fuel efficiency and has thus, remained a favourite over the years.

3. Toyota Etios Liva : This hatchback model has been built based on the Etios sedan and it shares most of its parts with the sedan. Launched in India by Toyota in December 2010, it was followed by the launch of the Liva hatchback in June 2011 for the Indian market. Ever since its release, the company did not introduce any changes to the hatchback until October 2014, when minor cosmetic upgrades were introduced.

With the Indian automobile market brimming with different car brands, it indeed becomes a difficult choice to zero in on one. And as more cars are being added every month to tap the potential of the growing market in India, consequently, the second hand car market is also growing in tandem. And, Hyderabad is no exception. Apart from these, there are also many other options which you can explore.