INSUBCONTINENT EXCLUSIVE:
As per the data shared by AutoTech platform Cars24, the company witnessed an 88 percent surge in the sale of used cars across India during
The company reported a collective purchase of used cars worth Rs 1,760 crore
Interestingly, on the other hand, 87 percent of car buyers opted for petrol cars while purchasing from the platform
Hatchbacks claimed 65 percent of total sales share, with popular models such as Swift, Baleno, Grand i10, Alto, and Kwid gaining traction,
especially among first-time car buyers
SUVs gained popularity due to increased affordability, challenging traditional price points.Speaking of cities that clocked the most sales,
Bengaluru emerged as the leader during the festive season between Onam and Diwali
Other cities, including Kochi, Mumbai, Pune, Ahmedabad, and Delhi, also experienced notable increases in car sales during specific
festivals.BMW X5 Facelift Review: Brilliant but worth more than Rs 1 Cr? | TOI AutoA financial trend during the festive season saw loans
amounting to Rs 4.7 crore being disbursed daily on average, with a focus on young salaried professionals under 35 years of age
CARS24 said that it processed over 500 loan applications daily, with 7 out of 10 cars in Tier 2 cities being financed
Maruti and Hyundai were the most financed car brands, with Hyundai Grand i10 receiving maximum loans
consumer base in India and serve as a compass pointing towards the future of personal mobility, where dreams continue to drive our
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