Renault India drives into pre-owned car market

Renault India today launched Renault Selection, its pre-owned brand, in Bangalore with the inauguration of a state-of-the-art facility called Renault Selection Whitefield.

According to the company, Renault Selection will provide a transparent and reliable platform for customers interested in buying, selling and exchanging certified pre-owned cars of all brands with optimum deals on finance, insurance, warranty and Road Side Assistance (RSA). Through this business vertical, Renault will also cater to customers wanting to sell multi-brand used cars in exchange for a brand new Renault car.

Renault made the announcement today, with its partner Trident Auto at its facility located in Whitefield. The state- of-the-art multi-brand pre-owned car outlet is spread over 21,000 square feet, which facilitates sale, purchase and exchange of both Renault and non-Renault branded vehicles. The facility can accommodate 100 cars at any point in time, giving customers complete freedom of choice.

Speaking at the launch of the new business initiative, Sumit Sawhney, Country CEO and managing director, Renault India, said, “Renault is pursuing an aggressive growth strategy in India and we are entering new businesses in the automotive space to best serve the Indian customer. 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.”

“Estimates suggest that the pre-owned car market is nearly three times the size of new car volumes in Western Europe, the UK and the US. In India, the used car market is already more than the new car volume and it is estimated to reach twice the size of the new car market within the next five years,” added Sawhney.

On display at the Renault Selection Whitefield showroom will be a wide choice of multi-brand cars and Renault’s range of certified pre-owned cars. Each certified car is put through 199 quality checks, which authenticates the vehicle condition along with accompanying documents to offer customers complete peace of mind. All the certified vehicles get covered with warranty of up to one year or 20,000km with cashless warranty claims available at over 1,000 authorised workshops in India. The warranty comes with 24x7 Road Side Assistance (RSA) for the same period.

Renault Selection will start operations in India with four facilities planned in Bangalore, Jaipur, Nagpur and Chandigarh and later expand to all significant markets in the coming years.