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The auto market in 2023 was marked by inflated sticker prices, high borrowing costs and poor inventory, so hopefully 2024 will be known for improvements in all of these areas, on both new and used. ....
The auto market in 2023 was marked by inflated sticker prices, high borrowing costs and poor inventory, so hopefully 2024 will be known for improvements in all of these areas, on both new and used. ....
Cartrade: The integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per month, with 90% of these coming in organically. While auto still continues to comprise 80% of revenues at the Group, Sanghi said the focus will also be on expanding non-auto business verticals going ahead. ....
Pre-owned Car Market: The pre-owned car industry, which stayed strong despite challenges in FY22, saw a significant 14-16% growth in FY23. This growth was driven by factors like the market reopening, a growing preference for personal mobility, and rise in disposable incomes. The industry is expected to grow at a rate of 15% in FY24. ....