Shriram Automall Helping the Demand for Used Automotives Surge in India Since 2011

India’s automobile industry is one of the fastest growing in the world, as it is already the sixth largest globally. Till about a six years ago, in the absence of organized players, more than 50 percent of all used car sales were C2C (customer to customer) among friends and relatives, with a ‘Circle of Trust’. The remaining sales were managed by local unorganized dealers. In 2011, after Shriram Automall IndiaLimited (SAMIL) incepted its first Automall facility in India, face of the used automotive market changed.

Company offers best in class usedvehicles and equipment through most innovative bidding platforms, along with transparency, reliability.  SAMIL is the first and only used vehicle and equipment transaction platform in the country that offers Physical Bidding for its customers.

 Today, the Indian consumer has woken up to the positive value equation of pre-owned vehicles, and rightfully so, pre-owned vehicles give higher flexibility and reach to prospective owners to dispose their vehicles at optimal prices to the potential buyers.

Other factors responsible for the increasing popularity of used vehicles are the multitude of quality choices available coupled with choice-able make and models. All this has created a situation where people want to upgrade their vehicles more frequently. The paradigm shift from buying new vehicles to used vehicles can be attributed to the increasing organization of the pre-owned vehicles players like SAMIL. Apart from these obvious reasons, there are other benefits that make buying pre-owned vehicles a popular practice, such as lower rate of depreciation, easy finance options, and hassle-free documentation along with clean history.

In SAMIL’s presence, the used vehicle market has benefited from fair deals, better retail network, credibility, transparency, easy availability of finances. Company provides an assurance to both seller and buyer of their investment. SAMIL have made buying used vehicles and equipment in the country easy, as its organized platforms and 70+ Automall facilities in every nook and corner of the country allow prospective customers to pick and choose used vehicles and equipment of various brands and segments from anywhere and everywhere at optimal prices.

So, if you desire to acquire or dispose a used vehicle or equipment, visit your nearby Automall today. You can also click the link below to register or download MySAMIL Mobile App.

Link: www.samil.in

https://goo.gl/tk9WYw 

Download MySAMIL Mobile App: https://goo.gl/BMpnCf

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RINGING VEHICLE THEFT ALERT IN UTTAR PRADESH

Vehicle theft is something not unknown to people residing in the cities and states of India. However what’s shocking is to find out how frequently these thefts take place in our neighborhood. In the latest figures released by NCRB (National Crime Records Bureau) in Uttar Pradesh a vehicle is stolen in every 15 minutes.

This data shows a steep increase of 33.9% in the past five years. According to NCRB, with 34,480 automobile thefts, UP reported second highest number of such cases in the country in 2016, compared to 22,773 in the state in 2012. In 2015, the 29,846 vehicles thefts were reported while in 2014 it was 29,561.

The national capital is also the theft capital of the country where the state reported theft of 38,644 vehicles in 2016, followed by Maharashtra which reported third highest 22,435 thefts of vehicles followed by Rajasthan 17,544 and Madhya Pradesh 15,878.

Thieves have become smarter as they use latest technologies gadgets to override the modern anti-theft systems. “Not only do they carry duplicate electronic keys but can also neutralize engine control modules (on-board computers) in fuel-injected vehicles in a few minutes. Also thieves need only few hours to dispose a stolen vehicle. Often a vehicle is taken to nearest salvage yard where all parts of the vehicle are dismantled and sold separately leaving no clue to trace stolen vehicle.

Meanwhile Shriram Automall India Limited (SAMIL) presents you with some effective points to protect you from vehicle theft:

1. Park your vehicle at a place that has plenty of light.

2. Confirm installation of anti-theft device while making purchase

3. Always lock vehicle doors even if you go out only for few minutes

4. Don’t leave your personal items inside the car when you go out

5. Keep the windows pulled up even if you are in parking 

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November 2017, Auto sales analysis

Automotive industry seems to be finding its feet again after a marginal decline of over 1% in October 2017 due to stock corrections on account of the ongoing festive season. As monthly results of automotive companies flow in, we can see that all segments have posted double digit growth.

Center has announced a number of infra and highway project to boost the economic growth and as a result we can see that commercial vehicle segment have witnessed a vigorous growth led by M&HCV segment. Talking about passenger vehicles, several OEMs have posted double digit growth jumping high from the plunge of previous month. 

As collective growth has increased we can also see that the GDP has also surged to 6.3% in Q2, after a low 5.7% in Q1 2017-18. The demand of two-wheeler in both urban & rural regions is on the verge of increase, a strong sign of economic growth.

The sales of pre-owned vehicles and equipment in India has also shown effective growth as India’s Leading Service Provider for Exchange of pre-owned vehicles and equipment, ShriramAutomall India Limited (SAMIL) has also had a good November in terms of sales and it also noted H1, 2017-18 as its best in the history of the company.

As expected after the festive season, passenger vehicle segment is leading the growth with major OEMs posting growth of over 10% with sales of over 2,70,000 in November. Following the passenger vehicle close is the two-wheeler segment that is on a recovery mode where manufacturers are posting good number of sales for November. Total two wheeler sales for the month of November is over 4,50,000.

Commercial vehicle segment is also riding on the path of growth after the initial disruption in the market, surrounding demonetization and the BS-IV transition that largely affected the transport industry last year. Consumption driven sectors have shown an uptick in sales, since July 2017 and continue even after the festival season. The segment posted sales of over 70,000 for November 2017.

Meanwhile as the new automotive market is on the growth track and is posting handsome sales in November. The pre-owned vehicle & equipment industry is almost catching up.

If you are interested in acquiring a pre-owned vehicle for your family, then head straight to your nearest Shriram Automall, the company offers best in class line up of pre-ownedvehicles and equipment at optimal price.

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Why Acquiring a Used Car at the End of the Year Is the Best Choice You Will Make!

The end of the year is upon us and if you are thinking of acquiring a car for yourself, then this is the right time to go through it. In fact, while we are on the topic you can acquire the choice-able used car model in a lot less money, while making it easy on your pocket.

We all are aware of the growing used car market, and the benefits it brings like little or no depreciation in the value, good quality desired cars in less money, reliable, better model in less money and what not. But, are you aware of the fact that acquiring a used car at the end of the year can bring you more benefits alongside the existing ones.

So, let’s read why you should get serious about acquiring the used car now! 

Why December?

Dealers and manufacturers are looking to meet their annual sales goals, so many offer rich incentives. Also, the end of the year, especially in north India, is considered the wedding season and hence, mostly potential buyers are busy with their own chores, which create an extra leverage to extract some extra discounts or goodies.

      Stock Clearance

Any dealer doesn’t want to be left with the old stock while moving into 2018. Thereby they are willing to deal extensively.

 Increase In Price

Prices of vehicles increase on a YoY (year on year) basis and it’s better to purchase the used model of a latest vehicle, instead of the new one.

Year-End Offers

Straight up, more incentives and goodies already available from the dealers’ side means better value for the car to which we see no reason of denying.

In addition to the fact that they want to clear their inventory for new used vehicles, dealers and sellers are likely to want to try and hit their sales goals or get their used vehicles sold before the end of the year and the close of books.

So, what are you waiting for? Shriram Automall India Limited (SAMIL), the largest used vehicle and equipment provider offers the best range at optimal prices and thereby is the No.1 transaction Platform of India.

https://goo.gl/tk9WYw 

Mobile App - https://goo.gl/BMpnCf

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Shriram has tapped only a slice of a huge opportunity in CV segment: MD, STFC to ET

With the growing demand of commercial vehicles in India, we can consider that commercial vehicles (CV) play quite a vital role in growth of Indian Economy. After slightly tepid Q1, the commercial vehicle industry has seen a continuous growth.

Where overall sales at 151,837 units in Q1 (April-June 2017)  were down 9.08 % year on year (YoY), the commercial vehicle (CV) sector has recorded a sharp recovery in July driven by an uptick in the critical medium and heavy commercial vehicle (M&HCV) segment, pent-up by demand post-GST and healthy replacement-led demand. As a result it is expected that overall Commercial Vehicle industry will find its momentum back where M & HCVs truck segment will grow by 6-7%, the LCVs by 7-8% and buses by 7-9%.

According to Umesh Revankar (MD, STFC), two factors that are boosting the demand for commercial vehicles in the country are the rural demand and e-commerce activity. Having good monsoon has helped rural India a lot as this year kharif crops output was quite good. Thereby that is the main activity from where the demand is coming. Rural demand is basically for used vehicle and probably smaller vehicles, LCVs, resulting in sustainable increase in LCV sales.

E-commerce activity is redistribution of goods within a city or outside of it or to individual requirement. This is another segment driving LCVs and smaller vehicles. Apart from that, construction activities are doing quite good in the country resulting in good demand related to construction vehicles.

Umesh Revankar to Economic Times (ET): “There is huge opportunity for us to cover other geographies where we have not covered. We are very strong in the south and to some extent in the west, but in north, east and central India, we are not very strong. By adding more to the network, we can increase our lending. I feel there is huge opportunity. The other lending happening earlier by money lenders or local financiers is slowly becoming more and more organized. So, demand for us, especially for used vehicles, is going up month on month.”

“With 2017, turning out to be the most challenging year for automotive industry, Shriram Automall India Limited(SAMIL) The No.1 used vehicle and equipment transaction platform in the country has stood strong. Now company with its already existing 72 Automalls, look forward to expand its reach further, so that every used vehicle and equipment requirement in the country could be fulfilled in the most organized and transparent manner.” Sameer Malhotra (CEO, Shriram Automall)

If you are looking to acquire or dispose used vehicle and equipment of any make and model, SAMIL is the OneStop destination for you. Visit your nearby Automall or view the inventory company has to offer from the comfort of your home by visiting www.samil.in or downloading MySAMIL Mobile App.

You can also register or download the app by clicking the links below:

 https://goo.gl/tk9WYw 

 Mobile App - https://goo.gl/BMpnCf

Link: www.samil.in

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