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Automotive industry is as we all know
one of the leading industries globally. Indian Auto industry, one of the
biggest and most competitive industries in the Market, plays quite an important
role in Indian National Economy, while contributing to 7% of country’s GDP.
Shriram Automall India Limited(SAMIL) – The No.1 Choice for used vehicle and equipment transactions in the
country is a company that offers multiple bidding platforms to bid and acquire
used vehicles or equipment of every make and model. SAMIL’s online bidding
facility is one such method of acquiring pre-owned vehicles and equipment.
The festive season brought cheer
to the new and used vehicles industry, especially in the organized segment. Demonetization
and implementation of goods and services tax (GST) which had delayed car
purchase decisions, led to a latent demand, which resulted in a spike during
the festive season.
SAMIL itself being the largest
organized service provider of used vehicles and equipment in the country
received huge demand for used vehicles and equipment in the festive season.
While the year-on-year (YoY)
growth in October so far is in the range of 15-20 percent, the growth over
September 2017 in the used vehicles space has been a staggering 40 percent.
In 2016 used car sales had beat
new car sales as such. Around 3 million new cars were sold in the domestic
market last year, while 3.5 million used cars were sold. While the new car
market has been growing at 8-9 percent, the used car market is growing at 15
percent.
According to the survey, this
year both September and October have had the benefit of festive demand;
however, demand has been good for October, growing 30 percent over September.
If you as well are looking forward
to acquire the used vehicle or equipment of any make and model, visit your
nearby Shriram Automall today.
As while acquiring used you can
get the better model without hampering your budget. Thereby it’s not only
economical but also a smart way to get what you want. So, what are you waiting
for visit your nearby Automall today or click the link below for easy
registration.
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