While many Indian metro cities are in love with Audi, BMW, Mercedes etc, Chennai still loves the charm of the Maruti 800, the economy model of Maruti, which was once the icon of Indian car market and a dream car of middle class Indians. The continuing love affair between the people of Chennai and Maruti 800 is still flawless. Production paralysis has failed to down its demand and till now it still bills atop. This just substantiates the proverb, 'Old id gold'.
conducted a study across eight cities, looking at the supply trends
of used cars and the corresponding demand for the same, highlighting
the buying trends of the used car consumers. Surprisingly, the study
revealed that Maruti 800 enjoys a high demand in the used car segment
with more and more consumers buying and selling this classic model,
reported The Times of India.
and Tata topped the charts as the most preferred hatchback used car
brands with equally high demand and supply. Maruti 800 topped the
chart as a clear winner followed by Swift, Alto, and Wagon R in the
Maruti section. Tata Indica was the winner among other hatchbacks
followed by Hyundai's Santro Xing and i20.
average asking price for a used car is in the region of Rs 4.3 lakh
against the buyer's demand of Rs 3.7 lakh. Besides, 80 per cent of
pre-owned car consumers from Chennai look for budget cars in the
range of Rs 5 lakh with about 4.5 years of running age, the report
revealed. And brand name of the used car and the budget of the
consumer are the two most important factors in reselling, while fuel
option and mileage also comes into account.