The fast growing economy has ensured a relative market of new cars in India. As the middle class people are having more money to expend on luxury items they are buying all kinds of items pushing the growth of the economy.
After the economic liberalization of the Indian economy, the car industry has been growing like never before. All major auto companies are launching products in the market. Japanese car makers like Toyota, Honda, Nissan, etc are doing business in the market. South Korean car maker Hyundai is also doing good business in India. American auto makers like Ford and General Motors also have presence in the Indian car market. Even major luxury automobile makers like Mercedes, BMW and Audi are doing well in the fast growing market of India.
New four wheelers are getting launched every other day now days. Many auto makers are creating much media hype about the launches to create curiosity about the 4 wheeler in the market. It is helping in the sales department. As four wheeler buyers have more information about cars in the market, they are getting more curious about perspective new cars and also buying the same. Even media houses are providing more content related to the industry in attempt to widen the appeal of their models.
There are many benefits of buying a new car in place of a used car. You have the vehicle in its perfect condition. There is no disappointment of using an old car with many technical problems. You get more benefits from the automobile company also.
As many people are selling their old cars to buy new ones as soon as they are launched, the used 4 wheeler market is also growing. It is helping the growth of the overall auto market of India. There are also many benefits of buying a used car in place of a new one. If you are buying your first car then it is better to buy a used one. When you are learning how to drive a car then you may come across some incident damaging it. It helps to have used cars in that case instead of new cars.