 "used car, second-hand cars, auto demand, automobile, cars, vehicles, hyundai")
The average selling price (ASP) of used cars and scooters dropped in 2020 from a year ago even as prices for motorbikes and luxury cars rose during the period, according to Droom’s Automobile Trend Report for pre-owned vehicles.
Based on a sample of over 1.1 billion visitors, 20,000 auto dealers in 1,086 cities and three million listings, the report shows that ASP of used cars in the mass segment fell to Rs 8,38,827 from Rs 9,16,831 in 2019. This is first fall in ASP of cars since 2015. Fuelled by the demand for used cars, prices had been rising steadily
