NEW DELHI: Sales of pre-owned cars and entry-level motorcycles and scooters may increase in the aftermath of the covid-19 pandemic as commuters will likely prefer private conveyance but financial constraints may hamper purchases of new vehicles, according to a survey conducted by Cars 24, a digital platform for buying and selling used cars.
According to the survey, 46% of respondents said the pandemic has reduced their budget for fresh purchases and of that 50% said they will purchase pre-owned cars once the lockdown is over.
Also, around 22.5% of respondents who were planning to buy a new car last year would now prefer to buy a pre-owned car because of limited budgets.