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Old 3rd October 2014, 17:48   #1
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Default Renault to enter used car business; plans to launch two new models

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Paris: French auto major Renault plans to enter new verticals, including used car business in India next year, besides launching two new models, to make its presence felt in the market which it sees as "the biggest challenge".

The company, which is targeting a market share of over 5 per cent in India, is also leveraging on its 4,500 strong R&D Centre in Chennai to come up with products which are "right for the country".
http://ibnlive.in.com/news/renault-t...13-25-162.html
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Old 26th May 2016, 16:01   #2
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Default Re: Renault to enter used car business; plans to launch two new models

Renault teed off it's Indian pre-owned car business earlier today by officially inaugurating it's first "Renault Selection" outlet at Bengaluru.

According to Renault, the Renault Selection outlets would provide a transparent and reliable platform for buying, selling and exchanging certified pre-owned cars of all brands, with optimum deals on finance, insurance, warranty and road side assistance (RSA) for it's customers. It will also be available to the customers who are willing to sell multi-brand used cars in exchange for a brand new Renault car.

Renault to enter used car business; plans to launch two new models-52449062.cms.jpg

Besides Bengaluru, Renault will open the "Renault Selection" outlets at Jaipur, Nagpur and Chandigarh later in the year.

According to Renault India Country CEO and Managing Director Sumit Sawhney:

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"Renault is pursuing an aggressive growth strategy in India and we are entering new businesses in the automotive space to best serve the Indian customer.

With Renault Selection, we will address these needs by offering customers the best quality of multi-brand pre-owned cars as well as Renault's segment defining products.

In India, the used car market is already more than the new car volume and it is estimated to reach twice the size of the new car market within the next 5 years. Given this, Renault selection, will play an important role in building the Renault brand in India."
ET

Last edited by RavenAvi : 26th May 2016 at 16:02.
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Old 26th May 2016, 16:18   #3
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Default Re: Renault to enter used car business; plans to launch two new models

Nice move by Renault after becoming the fourth largest manufacturer in the country. Pre-owned vehicle market is huge in India and it is dominated by Maruti's True Value. I read somewhere on T-Bhp only that if we consider True Value as a separate company then it'll be the third largest behind Maruti and Hyundai. While I am not sure, how much of the pie can Renault capture as it'll take them longer to establish trust in the market, which Maruti blindingly enjoys.

Also, launch of 2 new models by Renault is great because now as it has captured a pie of the market, it should not look back. Also, Duster and Kwid have been driving the sales, and it'll be good to have few more models which can contribute to the company's sales.
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Old 27th May 2016, 00:16   #4
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Default Re: Renault to enter used car business; plans to launch two new models

Any product or scheme is as good as the manafacturer or the dealer. If the dealer is fraudulent - then there is no purpose. And if Renault themselves are not too keen in ensuring that dealers comply with the standards- again it becomes useless. The dealer is the 1st face the customer sees. If the dealers try to sell sub standard or accident/water damaged cars and try to rip the customers off -- then it will be money down the drain.
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Old 27th May 2016, 23:00   #5
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Default Re: Renault to enter used car business; plans to launch two new models

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Originally Posted by RavenAvi View Post
Renault teed off it's Indian pre-owned car business earlier today by officially inaugurating it's first "Renault Selection" outlet at Bengaluru.
Good move by Renault. But there is many slip between the cup and the proverbial lip. It will be interesting how they police the quality of the inventory, and whether customers are being conned.

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Originally Posted by deltheking View Post
Any product or scheme is as good as the manafacturer or the dealer. If the dealer is fraudulent - then there is no purpose. And if Renault themselves are not too keen in ensuring that dealers comply with the standards- again it becomes useless.
Spot on! The user experience will be the key. For example, VW India also has a pre-owned program, but the inventory is poor, and the quality is iffy. I know of one colleague who approached the local VW dealer for a pre-owned Jetta, and the dealer tried hard to palm of a pre-owned Corolla to him

The only two programs which works, are probably Maruti and Toyota. I have personally used Toyota U Trust and have been very happy with the outcome and impressed with the rigour of Toyota's processes, even for the "Certified" program.

For Renault, time will tell.
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Old 27th May 2016, 23:28   #6
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Default Re: Renault to enter used car business; plans to launch two new models

I think this is a futuristic way to move ahead, rather than rely totally on sales of new cars. But ironically, most of them are in used car business for namesake and are lobbying with the government to ensure scrapping of older cars. That's to just prop up their new car sales.

Just can imagine how someone who bought a brand new Maruti Zen/ Esteem/ 800/ Baleno or a Hyundai Santro/ Accent or any other car of the times, during the turn of the century, while in the prime of his or her service, now retired and with a meagre income can afford to buy a brand new car ?

If 15 year plus car scrapping is made compulsory, such a person will just give away his or her car for scrapping and sit at home or use public transport as he or she cannot simply afford a new car.

Back to Renault, if its in used car business and it sells a five year old used car, will the new owner buy such a car to be used for only 10 years and then send it for getting scrapped?

Must realise that old cars also generate income and jobs for the unorganised sector, mainly workshops.

Last edited by anjan_c2007 : 27th May 2016 at 23:36.
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