Kolkata, India s city with the highest vehicular density, has recorded a 93% spike in used car sales during the first half of 2021, according to CARS24, with the pre-owned car market reflecting a dynamic shift in the automotive sector. The growth in demand is due to changing attitudes towards car ownership, a growing recognition of the value of pre-owned cars, and infrastructure investments by the government.
Kolkata: West Bengal’s capital Kolkata is witnessing a remarkable upswing in the demand for used cars, according to a report by the pre-owned cars buy and sell portal CARS24.
India s pre-owned vehicle sale, purchase and financing platform, CARS24, sold vehicles worth over INR 18oo cr (USD 242m) in the April-June quarter of 2023. The quarter also saw a demand for 30 pre-owned cars every hour, with hatchbacks dominating the overall sales, while sedans returned with a resurgence in the second quarter, accounting for 19% of total sales.
India s pre-owned vehicle sale, purchase and financing platform, CARS24, sold vehicles worth over INR18bn ($242m) in the April-June quarter of 2023. The quarter also saw a demand for 30 pre-owned cars every hour, with hatchbacks dominating the overall sales, while sedans returned with a resurgence in the second quarter, accounting for 19% of total sales.