Corporate Low Nano volumes drives prices of used cars

Low volumes of the "common man"s car", expected to encourage people to buy a brand new car instead of an used one, has, however, put prices in the used car market back on track. Markets open strong; Tata Steel up 2% "People were postponing purchases in anticipation of the Tata Nano which was pegged at Rs 1 lakh for a starting price, and prices of base cars like a Maruti-800 in the used car market was down to Rs 85,000-90,000 then," said a Delhi-based dealer. However, now prices are now picking up partly because the demand is growing and also because one may have to wait for as long as one year to own the world"s most affordable car, claimed organised multi-brand used car players. Vinay Sanghi, chief executive officer of Mumbai-based Motor Exchange claimed that there is hardly any impact of the Nano on used car prices across the country currently. More about Corporate  Low Nano volumes drives prices of used cars