Pre-owned car prices on a high backed by increased demand

Autocar Professional in association with AU Small Finance Bank brings forth all the latest development in the pre-owned car segment.

By Sumana Sarkar calendar 29 May 2021 Views icon5877 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Pre-owned car prices on a high backed by increased demand

The pre-owned car segment is, on a high, globally. The semiconductor shortage delaying production of new cars, rising commodity prices leading to higher costs, financial uncertainties due to Covid-re have all contributed to a greater demand for pre-owned cars.

Autocar Professional in association with AU Small Finance Bank brings forth all the latest development in the pre-owned car segment in its latest newsletter.

  • Global used car prices hit record high: The Manheim Index, which gives an indication of wholesale used vehicle auction pricing, has moved up 52 percent higher year-on-year, indicating the upward trend in pre-owned vehicle prices globally. Find out if it will affect pre-owned car prices in your vicinity.
     
  • Indian Blue Book forecasts 10-25 percent growth: The report states that The gap between the size of the pre-owned car market and the new car market of pre-owned cars has doubled between FY2019 and FY2020 and by the end of FY2022, pre-owned car sales could be upward of 7 million.
     
  • A marketplace for B2B pre-owned cars: Okshan, a brand of Sanch Motors, has launched, what it claims is the country’s first B2B virtual marketplace for pre-owned cars. The platform connects new car dealers and used car brokers. We get you details of the sales dynamics.
     
  • Boys & Machines reaches out to Tier 2 cities: Luxury pre-owned car brand Boys & Machines is now targeting Tier II cities as it sees increased business traction.
     
  • The 5 most important facts if you want a pre-owned car loan: Applying for a car loan is never easy, especially if it is for a pre-owned car. We help you with the top industry guidelines for a smooth experience.
     

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 the industry.

RELATED ARTICLES
Cosmo First diversifies into paint protection film and ceramic coatings

auther Autocar Professional Bureau calendar17 Jul 2025

The Aurangabad, Maharashtra-based packaging materials supplier is leveraging its competencies in plastic films and speci...

JSW MG Motor India confident of selling 1,000 M9 electric MPVs in first year

auther Autocar Professional Bureau calendar11 Jul 2025

The 5.2-metre-long, seven-seater luxury electric MPV, which will be locally assembled at the Halol plant in Gujarat, wil...

Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws

auther Autocar Professional Bureau calendar05 Jul 2025

The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...