Carazoo In Press

This section covers Print and Online articles as well as Videos and Interviews that have been published in the press and have made people around India more Carazoo-aware!

JAN 2008

Carazoo.com India's 1st Car website based on interactive web animation

Carazoo.com for enthusiasts

BUSINESS INDIA

Logix in talks to acquire US firm

Auto site

Nano has first mover edge in low....to hit second hand car sales.

Nano has first mover edge in low....to hit second hand car sales.

The Financial Express

Jaishankar Jayaramiah

Bangalore, Jan 15: Tata Nano, the world’s cheapest car, has not only created ripples in the new car market but also impacted prices in the used car market, industry sources said.

The most affected cars in the used car segment would be Maruti 800, 4-6 year-old models of Hyundai Santro, Tata Indica and old Fiats, said Pankaj Patel, vice-president of a car portal carazoo.com.

Patel said prices of the base model of Maruti 800 in the used vehicle market would decline by 30-35%, as buyers might compare these cars with the Tata’s Rs. 1 lakh car as both comes under entry level small car segment. He said even other small cars belonging to older models would have downward price pressure with a possible decline of 10-15%.

Patel said the selling pressure would increase on the owners of 5 or 6-year-old Maruti 800 as they would try to sell their product at a premium before Nano hits the road.

In India the ratio of new car sales versus used car stands at 1:1, with more than two thirds of the volumes coming from small car segment, where Maruti is the dominant player.