In view of the Corona epidemic in the country, people are now moving more towards the old cars market to fulfill their need to buy their cars. According to the data, almost three times more old cars have been sold through online platforms in FY 2020-21 as compared to FY 2019-20.
According to the online car shopping website India Blue Book, the number of old cars sold in FY 2019-20 was around 1.4 million. It increased to close to 39 lakhs in the financial year 2020-21. During this period, the sales of new vehicles saw a decrease of around 36% in the first quarter of the financial year 2020-21 due to the lockdown. President of the Federation of Automobile Dealers Association Vinkesh Gulati told Hindustan that the sale of old cars is happening on a large scale in the country. It is now possible to collect their data through online platforms. It is expected to increase further in the coming days.
Apart from this, 75% of the people surveyed by Global Consultancy Deloitte have said that they have postponed the purchase deadline for their second car for a few days. This survey has been conducted among 24 thousand people from 23 countries of the world. Talking about India’s figures, people were discussed here in September and October 2020. Out of this, 38 percent people have said to buy the car soon. At the same time, 37 percent people will take time. Also, 25 percent of the people are ready to buy the next car. Of these, 57 percent have changed plans to buy a vehicle of their choice. Due to the Corona epidemic, about 65 percent of the people want to buy cheap cars. 30 per cent of the buggy and 35 per cent of the people are feeling the need for a high mileage car. People have also said in the survey that they are interested in going to the car itself and taking it from the showroom to the authorized dealer. Do not want to buy a vehicle through virtual medium.