Interest rates for financing of used cars and SUVs came down by 100-125 basis points (100 basis points = 1 per cent) in the past 12 months, twice as fast as new car loans.

“Till about five years ago, buying used cars in the Chinese market had a stigma since it meant you could not afford to buy a new car,” says the Senior Director, Corporate Development, Cox Automotive. “However, with more younger people coming in, driving an used BMW or Audi seems perfectly acceptable.

India's leading auto portal CarDekho.com has launched Digital Loan Platform for used car dealers to provide hassle-free loan experience to their customers.

Droom, an online marketplace for automobiles, has recently announced the launch of Orange Book Value (OBV), which is India’s first algorithmic pricing engine to measure the fair price range for any used automobile. The used automobile market in India is full of uncertainties and pricing mechanism is often ambiguous, subjective and dependent on the seller’s discretion. Unlike a new vehicle that comes with a standard price, the pricing of a pre-owned vehicle always varies depending on parameters like condition, kilometres driven, etc.

"SHANKAR SRIVASTAVA" Auto Nebula organised the first conference on Connected Transport at Pune in January.

"SHANKAR SRIVASTAVA" Auto Nebula organised the first conference on Connected Transport at Pune in January.

Coverfox, an online distribution platform and CarDekho.com, the leading auto portal, announced a strategic partnership. Under this partne

Hero Electric launches India's first indigenously built e-rickshaw - 'Raahii'. With this product the company aims to capitalise o