Renault Enters Used Car Market with 'Renault Selection'

French carmaker Renault has stepped into the pre-owned car market by opening its first-ever used car facility, Renault Selection, in Bangalore. Customers can buy, sell, or exchange their cars of any make and model at this facility.

The Renault Selection centre will have a fleet of certified pre-owned cars and will also provide deals on finance, insurance, road-side assistance and warranty of all the cars. Customers will also be able to exchange their old car of any make/model with a new Renault vehicle. Every car will supposedly go through 199 checks and will have a warranty of 1 year or 20,000kms along with 24x7 road-side assistance facility during the warranty period.

The Bangalore facility has been set up in partnership with Trident Auto and is located at Narayanpura Village, K R Puram, Whitefield. The facility can accommodate up to 100 cars at a time and has a carpet area of over 21,000 square feet.

Sumit Sawhney, CEO and managing director, Renault India, commenting at the launch, 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 3 times the size of new car volumes in Western Europe, UK and 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 5 years. Given this, RENAULT selection, will play an important role in building the Renault brand in India”, he added.