Santro, City the most selling used cars at Mahindra First Choice

The Mahindra First Choice Wheels (MFCW) outlets extend used models from a number of brands; the model list includes inexpensive cars like Tata Nano as well as super-luxury pieces like Audi A4. The top-selling used cars from the MCFW are the Hyundai Santro in the B-segment and Honda City in the C-segment. The prices of petrol version of any used Santro manufactured between 2001 and 2012 ranges from Rs. 1-3 lakh. The price of second generation Honda City known as the ‘Dolphin’ 2004-05 in the used car market ranges from Rs. 3-5-4.5 lakh. The 2002-03 model of Mercedes Benz C class can be owned for just Rs. 6.5 to 7 lakh. 3 percent of the total sales are made up by the luxury cars.

See More Honda City Pictures                                                                             Read More on Honda City

Over the years, the Indian car market has seen a shift in the demand of cars from petrol to diesel and similarly Mahindra First Choice has also seen this shift over the last 6 to 8 months. According to the National Head of Franchisee Operations of the company, Sharad Agarwal, because of the drift in the preferences good diesel cars are available in low numbers; the owners are not ready to give up the diesel cars they own so easily. He added that the advent of new diesel technologies will take another 3 years and then more cars will be made available at the MFCW outlets.The 20 percent of the cars sold at the MFCW outlets are about 0 to 3 years in age, 60 percent of the sold cars are in the age range of 3 to 5 years and the remaining 20 percent belong to the 5-plus year category.

See More Hyundai Santro Pictures                                                                Read More on Hyundai Santro

Mahindra First Choice outlets offer 95 percent financing facility to the customers through the in-house finance arm Mahindra Finance and other financial institutions. These outlets source cars through walk-in exchange of cars, online network, new car dealers, leasing and corporate tie-ups. The company is planning on 150 outlets in tier I and II cities and sales of 30,000 cars in the FY’12. The company expects to expand to 300 outlets and sales of one-million units by 2014.

Source: Autocar India

Read More on : Hyundai Santro detailed review