Wednesday, March 18, 2009

Used Car Market Downfalls due to Nano

How categories of products are intertwined is displayed aptly by the Nano Car launch. The prices of used car is down up to 15-20%. And so is demand. If one can get a new car in around 1.25 lakhs then why go for a expensive car without guarantee.

So here you are with a car competing with the used car market. But then a car for common man at last, with security for the pillion riders as endorsed by the Tata himself.

Even the rates of entry level small car markets are down by 40,000 to 50,000. Now this is some car creating ripples in the Car Market.

Bravo Tata you did some thing commendable.

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