The reconditioned industry: An introduction
With Japan offering the highest number of reconditioned automobiles for global export, Japanese giants such as Toyota or Honda has established themselves as leaders over multi-dimensional tiers. The necessity of such four wheelers spans among several nations including Bangladesh and is a thriving market today. Its popularity is based over several factors among which feasibility of acquiring such a car leads the list. Differentiating it with a brand new model is often hard and confusing since the only thing setting these two apart is a second visit to the factories for a refurbishment.
The refurbished market in Bangladesh
If we go back 20 years the scenario of the automobile market in Bangladesh was just an industry under development. It can also be seen that the local roots might have had started off with brand new models back in the 50’s but given the actual steer in the number of cars, the local industry has always been dependent upon the reconditioned market. Today the country has a wide range of brands operating with reconditioned models with some of them leading the market for a long time.
In simple words, this brand rules the local market. With almost all models available on the market, the brand has outperformed each and every other brand. Toyota reconditioned cars are highly reliable and feasible compared to many other brand. The average fuel economy of the car is good and after sales cost is minimal. Be it a saloon or an SUV, this brand is highly preffered in all categories. Prado, Premio, Allion, IST and Corolla are some of the most popular makes of the Japanese brand.
When it comes to performance at a low price, Honda is the first name that pops up. Given its limited sport edition for several of its models the car has been an outstanding name amongst its competitors. The Type R and Type S models are enormously popular among the local population and can be seen in large numbers. Apart from Civic and Accord, the CR-V is a leader in crossover SUV line up. The prices of Honda makes are almost similar as Toyota models and are a treat for car lovers.
The lancer and the Pajero is what made this brand popular. Both the models has been an icon for the Mitsubishi name from the very beginning. Today with a vast line up Mitsubishi operates in Bangladesh and the Pajero Sport itself is assembled within the national boundaries making the four-wheeler more feasible to purchase.
Apart from these three there are several other brands that has been doing pretty well. Given the luxury category there are two names that steals the show, BMW and Mercedes. The best part about reconditioned car is that it has every single thing that a brand new model has and that too for a lower price.