
Originally Posted by
The Joker
Used Car Market Affects
The Nano is alleged to have severely affected the used car market in India, as many Indians opt to wait for the Nano's release rather than buying a secondhand car of the Nano's nearest competitor, the Maruti 800 (a rebadged Suzuki Alto). Sales of new 800's have dropped 20%, and 30% for used models. As one automotive journalist surmizes: “People are asking themselves – and us - why they should pay, say, 250,000 rupees for a new Maruti Alto, when they can wait and get a brand new Nano for less in a few months’ time, a car that is actually bigger”.