The used automobile maker is predicted to be 2-times the brand new automobile market by 2025.
Hardeep Singh Brar, Vice President and Head of Advertising and marketing and Gross sales, Kia India, has confirmed that the corporate will arrange a used automobile enterprise subsequent 12 months.
Brar added that for the reason that Seltos will quickly flip 3-years previous, it will be the perfect time to enter the used automobile market, particularly in bigger cities. The used automobile market is at the moment stated to be about 1.4 instances the brand new automobile market and is predicted to be 2-times the brand new automobile market by 2025.
Of late, used automobile costs are on the rise. It’s estimated that costs have elevated by 5-10%. The spike in used automobile costs is claimed to be the results of folks holding on to their automobiles over considerations concerning the provide of latest automobiles.
Supply: Autocar India