• Demand for pre-owned cars rose by 25 percent on OLX since February 2020
  • 72 percent of the people surveyed have reduced their car buying budgets
  • 55 percent of the respondents prefer commuting in their own cars

After the coronavirus pandemic and ensuing lockdowns brought the entire Indian automotive industry to a grinding halt earlier this year, there are now signs of gradual recovery, with the economy being reopened in a phased manner. While automakers have reported increasing sales in the past two months, it is the used car market that is showing a greater promise. A recent study by OLX, a digital consumer-to-consumer marketplace, highlights the trend and corroborates the expected surge in activity in the pre-owned car industry.

Increasing demand for pre-owned cars

In its latest ‘Auto Note’ car industry survey, OLX reports a substantial 25 percent increase in…

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