India’s used automobile market is experiencing a tremendous increase in demand. Increasing urbanisation and nuclearization are likely to add to the demand for personal mobility, resulting in a surge in pre-owned car sales. While new automobile sales are slowly recovering from the pandemic in 2020 and a rough performance in 2021, the used car industry continues to see steady growth in demand. There are a number of causes that are contributing to this expansion. Let’s find out how:
Digitalisation and Expansion
The expansion of the Indian used automobile market is being aided by increased digitisation and the introduction of automotive startups with new innovative business models. Apart from that, consumers in India like to get a hang of driving on a used car before purchasing a new car. TSG Car Bazar brings you the best pre-owned cars from one of the biggest inventories. Visit TSG Car Bazar, Moti Nagar and explore a plethora of used cars.
Personal Mobility
Following the Covid-19, people’s preference for personal mobility has skyrocketed. Consumers are steering clear of public transportation and even shared mobility solutions. They are instead concentrating on purchasing personal vehicles for themselves and their families. Simultaneously, they are troubled by a decision to purchase an expensive item like a car. Buying used cars is a good way to strike a balance between these two extremes. This is a major factor driving the increase in used car sales in India.
Buyer’s Perception
People no longer desire to purchase new cars. Consumer perceptions are shifting as a result of the appealing value proposition presented by good condition used cars. Not only repeat car purchasers, but also first-time buyers are displaying interest in pre-owned vehicles. According to the report, the number of first-time purchasers increased by 8-10% in 2021 as a result of Covid-19. This rise is fueled by a lack of public transportation, an increased propensity for personal mobility, growing urbanisation, and nuclearization.
After welcoming the perception of purchasing pre-owned cars, we are sure you would want the best fit for you. Hence, TSG Car Bazar, Moti Nagar is the right fit for you to choose from the inventory of good-conditioned cars.