Hyundai plans to expand its used car arm

Hyundai motor says that it plans to expand its used car business exponentially. Currently it operates less than 50 used car supported dealerships and intends to increase it to over 200 by end of next year. The used car market is expected to grow multifold in the coming years, and manufacturers have been trying to keep up the pace of getting into this space as it also allows them to keep their customers satisfied with an end-to-end car buying experience, as most car owners are set to go down the exchange schemes in future.