Volvo To Change Used Truck Market 26/01/2008

Now that the used truck market has grown significantly, top industry truck maker Volvo India has decided 2008 is will see its first charge into this lucrative market. Following in the footsteps of their competitors Tata Motors and Askok Leyland, Volvo will be starting with used tippers primarily used as mining and construction vehicles. They will be refurbishing them inside and out and reselling them with a six-month warranty. brbr
Volvo plan to buy used trucks no more than five years old, which will then undergo a thorough check on the engine, suspension, drivetrain and exterior. Experts believe this could help Volvo branch into the more affordable mid-market range of trucks and help change their reputation as the most expensive truck makers in the field. brbr
No word yet as to whether the used truck offshoot will spread to Volvo buses which are more sort after than Volvo trucks. Like its competitor, Askok Leyland which has a market share of 26 per cent in the new vehicle market only recently joined the used truck field using is using their extensive dealership network to further their growth. Altrux is also looking to capture up to 15 per cent of the market in roughly three years time. br
Reflecting on these new changes, analysts believe the future of used vehicles can only grow bigger.

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