Key Points
CHENNAI: When Dilip Singh was looking to sell his seven-year-old. whose odometer had clocked nearly 1 lakh km, he was surprised to find that he managed nearly 70% of the cost of the vehicle...
prices soaring over the last few years, the value of used cars has also gone up..
In the last two years, the average. has gone up to 6-6.5 lakh from Rs 3-3.5 lakh, said Vinay Sanghi, CEO, CarTrade group "Since new car ticket size has also gone up by around 30%, it's spilling over to the used car market too as in all types of cars, people opt for buying the top-end variant," he said.. Used car marketers say the. demand..
"Currently, used SUV prices can start from as low as Rs 3.5 lakh while hatchbacks prices can start from Rs 2 lakh only," said Gajendra Jangid, co-founder and CMO, CARS24 Services...
"There is growing demand for higher end two wheelers including Royal Enfields and Pulsars with a 30-40% rise in ticket sizes in the last 2-3 years," said Sanghi of Car Trade..
