Demand for pre-owned cars remains buoyant

by Sumana Sarkar 24 Jun 2021


While the new car market is benefiting from pent-up demand and carmakers are hopeful the sales momentum continues, the pre-owned car market has shrugged off the pandemic blues and is seeing strong consumer demand.

Autocar Professional in association with AU Small Finance Bank brings you the latest developments in the pre-owned car segment in its latest edition of ‘Car-O-Meter’.

  • Industry leaders bet on affordability and availability: Top pre-owned car segment players like Mahindra First Choice and Maruti True Value see used car sales in India rising on the back of the greater need for personal mobility amidst financial uncertainties. 
     
  • Volkswagen India and Frost & Sullivan Study sees sustained demand: As per the findings of the 2021 study, organised platforms will contribute 45 percent to the total pre-owned car market by FY2025, up from the existing 25 percent.
     
  • Used car sales on the fast track: With demand for personal mobility on the rise, first-time buyers in India, who could be cash-strapped, are increasingly seeking pre-owned cars as an option. While new car sales totalled 2.71 million units in FY2021, used cars were far ahead with the Indian Blue Book estimating that the tally was around 3.9 million units.
     
  • How to make your pre-owned car monsoon-ready: Monsoons are here already and motorists should prepare their cars in anticipation of the problems posed by excessive rains, especially older pre-owned vehicles. We tell you how.

Therefore, if you are planning to buy a pre-owned car that is affordable, efficient and fits your budget, simply log in to ‘Car-O-Meter’ for a comprehensive update about this dynamic and exciting industry.