Wednesday, January 16, 2008

Nano... to hit second hand car sales

Bangalore, Jan 15 Tata Nano, the world’s cheapest car, has not only created ripples in the new car market but also impacted prices in the used car market, industry sources said.

The most affected cars in the used car segment would be Maruti 800, 4-6-year-old models of Hyundai Santro, Tata Indica and old Fiats, said Pankaj Patel, vice-president of a car portal carazoo.com.

Patel said prices of the base model of Maruti 800 in the used vehicle market would decline by 30-35%, as buyers might compare these cars with the Tata’s Rs 1 lakh car as both comes under entry level small car segment. He said even other

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