In FY2021-22 around 70 per cent of used cars purchase transactions happened using personal financing, while 30 per cent buyers took a used car loan. Whereas in FY2020-21, only 13 per cent buyers opted for a loan.
In FY 2021-22 about 4.4 million used vehicles were sold in the country, and here are the Top 10 used car models that Indian car buyers preferred in FY2022.
In an exclusive interaction with carandbike, Ashutosh Pandey, CEO - Mahindra First Choice Wheels Limited highlighted about how leasing and subscription sales models could be the next big push for used car sales in the country.
While the used car market in India witnessing a purple patch and is set for significant growth, there are a few issues that are plaguing the market in India. We take a look at the issues plaguing the used car market in India.
The 2022 Indian Blue Book Report says that sales of used cars in India will surpass 8 million units by FY2027. The total used car sales in India in FY2021-22 was 4.4 million units.
The 2021-22 Indian Blue Book (IBB) Report revealed that women purchased about 15 per cent of all used cars and influenced over 77 per cent of all used car sales. However, there still needs to be a lot done for addressing women buyers at dealerships.
The Jawa Perak is the most affordable bobber-styled motorcycle on sale in the country and no doubt it is a great looking machine, but what about the pros and cons of buying a used model. We list out all the things you need to keep in mind while buying a used model of the Jawa Perak.
