Why the second-hand car market is seeing a boom6 min read . Updated: 16 May 2019, 04:54 PM IST
- Most of those who buy used cars instead of new ones see value for money in the deal
- An organised dealer can certify the quality of the second-hand car, and may also help you get the vehicle financed
Even as new car sales have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now. Consider this: In 2018-19, while new car sales were recorded at 3.6 million units, 4 million second-hand cars were bought and sold, according to a recent report on India’s pre-owned car market by IndianBlueBook, a used car pricing guide by Mahindra First Choice Wheels.
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