
Going back to the emergence
of the Indian pre-owned automobile industry a decade ago, in the absence of
organized players, the market was primarily relying on internal exchange
mediums among friends, family and acquaintances, which accounted for over 60%
of the market. And remaining 40% of the market was controlled by multiple small
local unorganized dealers. The industry seems to have come a long way ahead
since then to a much more structured...