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Covid-19 impact: Over 54% potential buyers prefer used car, says study

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much

In a clear trend towards downshifting, buyers’ preference is likely to veer towards entry-level models.
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In a clear trend towards downshifting, buyers’ preference is likely to veer towards entry-level models.

Shally Seth Mohile Mumbai
The coronavirus-induced economic slowdown has eroded consumers’ purchasing power in a big way, and bringing significant changes in their car buying behaviour, showed a study by online auto classified Olx Auto.

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much, and 54 per cent Indians who want to buy a car in the next six months would prefer to buy a pre-owned car, said the study released on Tuesday.

However, with 56 per cent of the respondents planning to buy a car in the next three-six months,

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First Published: Jul 21 2020 | 11:23 PM IST

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