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Paila, Anil RaoPublication title:

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Attrition in IT sector revs up used car marketBusinessline. Chennai:Sep 6, 2005. pg. 1

Abstract (Summary)

Corroborates Mr Anil Rao Paila, Zonal Head at Automart India, Bangalore, a leading dealerin pre-owned cars in the country, "Ford Fusion is passe while a couple of Maruti Swifts are already on theshelves." Curiously enough, this is being attributed to rising attrition rates in the IT and relatedsectors

Thus, pre-owned cars from Bangalore command upwards of five per cent premium compared to othercity cars, maintains Mr Rao. The city also records a quick turnover of cars

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(269 words)(Copyright 2005. Financial Times Information Limited - Asia AfricaIntelligence Wire. All MaterialSubject to Copyright.)

from BUSINESS LINE, September 06, 2005 Bangalore, Sept 5. THE used car market in the country isnot what it used to be. Newer and latest versions of vehicles are flooding the pre-owned car market
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Corroborates Mr Anil Rao Paila, Zonal Head at Automart India, Bangalore, a leading dealer in pre-owned cars in the country, "Ford Fusion is passe while a couple of Maruti Swifts are already on theshelves." Curiously enough, this is being attributed to rising attrition rates in the IT and related sectors

Mr Rao explains the trend: Each time an IT professional jumps a job (sometimes as often as every sixmonths), his negotiation with the new company includes a new car. So, the existing one (which may bejust about a year old) is added to the used car fleet, while one more new car gets on to the roads

"Apart from giving us the latest versions, the techies also give us well-maintained cars," says Mr Rao.He attributes this to the software engineer's disciplined driving and low car usage because of longstints abroad

Thus, pre-owned cars from Bangalore command upwards of five per cent premium compared to othercity cars, maintains Mr Rao. The city also records a quick turnover of cars

"Bangaloreans change their cars every two-three years while it's about five years in other cities,"according to Mr Rao

Corporates too contribute to this high turnover in car ownership with about 30-35 per cent of the pre-owned cars being offloaded by companies, says Mr M.P. Shyam, Director, Advaith Motors, a Hyundaidealer in Bangalore

Anjali Prayag Copyright 2005 Business Line

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People: Paila, Anil Rao

Publication title: Businessline. Chennai: Sep 6, 2005. pg. 1

Source type: Periodical

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892455301

Text Word Count 269

Document URL: http://proquest.umi.com/pqdweb?

did=892455301&sid=4&Fmt=3&clientId=97393&RQT=309&VName=PQD

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