- Sales of older cars from the Corona period increased significantly.
- About 14 lakh old vehicles were sold in the financial year 2019-20
- In 2020-21, about 39 lakh old cars were sold three times.
In the Corona era, people prefer private vehicles to public transport due to social distance. But sales of older cars have increased more than new cars during this period. In the year 2020-21, about 1 lakh lakh old cars were sold.
According to online car shopping website India Blue, the lockout has led to a 36 per cent decline in new car sales in the first quarter of fiscal year 2020-21. According to experts, old cars are being sold in large numbers in the country. The online platform has now made it possible to collect old car sales data.
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Why buy an old car
The BS6 rules came into force in early April 2020. This caused companies to significantly increase the price of their vehicles. At the same time, the coronavirus outbreak also affected consumer income. As a result, consumers who want to buy a new car at a lower price buy a second hand car at a lower price rather than a new car at a higher price.