By Tricitynews Reporter
Chandigarh 13th
September:- Indian BlueBook (IBB), the
industry first pricing and analytics platform for new and pre-owned
vehicles in India, today released the second edition of the ‘India Pre-owned Car Market Report’.
Over the past year, the market has
been hit by significant “jolts” in the form of three major market
reforms–Demonetization in November 2016, BSIII/BSIV in March 2017 and GST in
July 2017. In addition to updates to the basic market metrics presented in the
first edition, the report also reviews the impact of the recent disruptions on
the overall market.
Dr. Nagendra Palle,
Managing Director & CEO, Mahindra First Choice Wheels Ltd.
said that while these reforms have no doubt disrupted the status quo, they have
necessitated that all stakeholders change with the times and become “more
organized”. Notwithstanding the short term hiccups, we strongly believe these
market reforms are good for the organized industry in the long term.
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