Business Standard

Online used car aggregators see brisk business as demand outstrips supply

Olx says demand is 112 per cent of pre-Covid phase; Firms confident of demand sustenance beyond festivals

Olx betting on B2C segment to boost market share in used-car market

Cars24 saw its September sales increase 10 per cent from the pre-Covid levels.

Shally Seth Mohile Mumbai
Strong interest from buyers of pre-owned vehicles has created a demand-supply mismatch in the used car market, a segment that has been of the biggest beneficiaries of the personal mobility trend.

As much as the economic uncertainties spawned by the pandemic are prompting buyers to opt for used instead of a new one, there is also a propensity among the existing owners to defer purchase of a new car and hold on to the existing one. Amid salary cuts and job losses, there are also those who are resorting to distress sales, this to some extent is making up for

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First Published: Oct 28 2020 | 8:02 PM IST

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