After an overwhelming success with the Kwid, the French automaker has marked its entry in the pre-owned car market with their platform called Renault Selection. With the first showroom now open in Bangalore buyers can buy, sell or exchange certified pre-owned cars of not just Renault brand but other manufacturers as well.
This new showroom has been opened in partnership with Trident Auto located in Whitefield, Bangalore. Spread over 21,000 square feet, it can easily accommodate 100 cars at any point of time. It will help customers by providing a platform for buying pre-owned cars with optimum deals on finance, security, warranty and roadside assistance.
One can also sell their old car and drive off with a new Renault. Here’s what Mr Sumit Sawhney, CEO and MD, Renault India, had to say on this latest move:
“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.”
While the pre-owned car market is almost 3 times the size of the new car sales in Western Europe, UK and US, the scenario in India, though lagging behind, is vastly improving. In fact it is estimated to become twice the size of the new car market in the next 5 years.
Renault further informs that each pre-owned car from Renault Selection passes through 199 quality checks. They also get covered with warranty of upto 1 year or 20,000 km with cashless warranty claims available at over 1,000 authorised workshops in India. It also gets 24×7 roadside assistance for the same period. The plan is to initially begin with 4 outlets in Bangalore, Jaipur, Nagpur and Chandigarh and have a pan-India presence over the next 2 years.