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Kia India Plans To Enter The Used Car Market In 2022

Kia’s First Model, The Seltos will turn 3 years old in 2022. Kia India will cash it’s highest resale value in used car market

  • Kia India is planning to enter the used car market next year
  • With used car market company will expand it’s presence in Indian market

Kia India is all set to enter the used car market next year. Hardeep Singh Brar, Vice president and head of marketing and sales, Kia India has confirmed about used car business. Kia India is on roll with massive success of Sonet compact SUV & Seltos. Used car business of company will only consist of it’s own cars.

Kia India Used Car Business Plan

Kia Seltos has highest resale value among all the other cars in it’s segment. Sonet compact SUV also has great resale value. Kia India is planning to cash out high resale value on both products. In 2022 Kia cars will get three years old and according to company that will be right time to start used car business.

Used car business will primarily start from bigger towns first. Kia India expects used car business will become twice by 2025 as compared to new car market. Currently used car business is 1.4 times of new car market. All thanks to Longer waiting period on Seltos, the resale value for this Kia product is best.

Resale value of Seltos is highest in segment

Indian customers are loving Seltos and so they are willing to pay the extra price in used car market & Skip the waiting period. Sonet compact SUV is another successful product and in used car market resale value of this compact SUV is also great.

Kia To Launch Carens MPV

After Seltos and Sonet, Kia India is planning to launch Carens MPV. Kia Carens will makes it’s global debut on 16 December. This is next big launch from Kia India. Kia Carens MPV will take on rivals such as Maruti Ertiga, Hyundai Alcazar, MG Hector & Tata Safari.

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