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Renowned french carmaker Renault has moved into the Used car business by opening its first used car facility named Renault Selection, in Bangalore. Renault Selection facilitates the consumers to buy, sell and exchange their cars at exciting prices.
Apart from providing buying and selling facility, the Renault Selection centre will also offer great deals on finance, insurance, road-side assistance and warranty cover on all the cars. Now, the customer can easily buy a new Renault car by exchanging their old car. Each car will go through 199 checkpoints and will offer a warranty cover for 1 year. It will also offer 24x7 road-side assistance facility during one year of warranty period.
The facility has been opened in Bengaluru in partnership with Trident Auto and is located at Narayanpura Village, K R Puram, Whitefield. The facility is capable of accommodating up to 100 cars and also holds 21,000 square feet of carpet area.
During the launch event of the facility, Sumit Sawhney, CEO and managing director, Renault India said, “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. The pre-owned car market in India has steadily gained momentum over the past decade, spurred by new model launches, quicker upgradation cycles by customers and rising income levels. There are several customers looking for a value purchase in the pre-owned car market, with an experience that provides complete peace of mind. There are also numerous customers who want a trustworthy platform to sell cars, or exchange it to buy a new Renault vehicle. 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.”
He further added, “Estimates suggest that the pre-owned car market is nearly 3 times the size of new car volumes in Western Europe, UK and US. 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.”
The company is also looking to expand the similar facility in other cities like Nagpur, Jaipur and chandigarh. It is believed that in these cities used cars go for sale like hot cakes.
Also Read: Renault Kwid Hatchback Failed in Global NCAP Crash Test
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