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Second-hand car business on high speed in India amid Covid-19 pandemic

The pandemic has accelerated the second-hand car business to the point of a demand-supply imbalance

Topics
Used car market | used cars | auto demand

T E Narasimhan  |  Chennai 

used car, second-hand cars, auto demand, automobile, cars, vehicles, hyundai
A recent report by Ernst & Young stated that around 57 per cent of the car buyers were likely to buy a pre-owned car

Used car sales overtook those of new cars some years ago, but the economic slowdown and then the pandemic have accelerated that trend. So much so that for the first time, there is a demand-supply gap in this market.

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First Published: Sat, January 16 2021. 06:10 IST