the global pre-owned car business of VW. This will surely send the right signals to the market regarding VW's long term plans in India.
Interestingly, they hope to generate 25 % of their income from this business.
They will compete with Mahindra First Choice, the leading organised player in multi-brand, pre-owned car market.
True Value from Maruti earns a good 1.3 times higher than their corresponding new car business. A proof of the potential of this segment, now dominated by unorganised sector. Of course Maruti has the advantage of scale, depth in service, relatively ease of servicing for their less-techie models.
Customer can only be happy about these developments ! !