EZPDO

Main Menu

  • Home
  • PHP programming
  • Programming language
  • SQL
  • Data objects
  • Saving investment

EZPDO

Header Banner

EZPDO

  • Home
  • PHP programming
  • Programming language
  • SQL
  • Data objects
  • Saving investment
Saving investment
Home›Saving investment›Speeding up used car sales in India amid coronavirus pandemic

Speeding up used car sales in India amid coronavirus pandemic

By Marguerite Burton
April 7, 2021
0
0

On the ground, however, during the pandemic, used car sales are sending mixed signals.

Synopsis

The pandemic is only the last blow; headwinds have been building up for the industry for some time. In 2019-20, passenger vehicle sales fell 18%, from 3.2 million in 2018-19 to 2.78 million. The future looks bleak – in 2020-2021, CRISIL forecasts passenger vehicle sales to fall 25% to 2.1 million. In this plethora of bad news, the used or used car market appears like a silver lining.

Living in Bengaluru, computer engineer Prajith KP and his wife Shubha did well with just one car. Shubha was on a one-year hiatus. In Bengaluru’s notorious traffic, shared taxis and the metro also offered them good alternatives. Containment has changed things. “My wife is now starting to work after a year. I wanted her to travel in her own car. So we decided to buy a new one, ”explains Prajith. Multiple factors led to a slight change in their plans

THROUGH

Office AND

11 minutes to read, Last update:

28 Aug 2020, 15:23 IST

  • GIFT ITEM
  • FONT SIZE

    ABCSmall

    ABCAverage

    ABCBig

  • SAVE
  • TO PRINT
  • COMMENT

Already an ET Prime member? Login now

Read on with one of these options:

Limited access

To free

Login to access exclusive stories
& personalized newsletters

Log in now

Unlimited access

From Rs120 / month

Access exclusive stories, expert opinions and
in-depth stock reports

Subscribe now

Log in to read the full article

You have this Prime Story as a free gift

Choose the payment method and plan

–

–

–

Subscribe now

(Credit card required)

You can cancel your subscription at any time

–

–

–

Subscribe now

(Pay with Netbanking / UPI / Debit card)

Netbanking, credit and debit card

Subscribe with Google

₹ 399/month

Monthly plan

Invoiced amount ₹ 399

₹ 399

₹ 208/month

(Save 49%)

Annual plan

Amount invoiced 2,499

15 days trial
+Includes DocuBay and TimesPrime subscription.

₹ 399

150/month

(Save 63%)

2-year PLAN

Amount invoiced ₹ 3,599

15 days trial
+Includes DocuBay and TimesPrime subscription.

Already a member? Login now

Special offer

Get 20% off

ON AND PRIME SUBSCRIPTION

Get the offer

Why ?

  • Exclusive Economic Times Stories, Editorials and Expert Reviews in more than 20 sectors

  • Stock analysis. Market research. Industry trends on more than 4000 shares

  • Own experience with
    Minimum ads

  • Comment and engage with the ET Prime community

  • Exclusive invitations to Virtual events with industry leaders

  • A trusted team of Journalists and analysts which can best filter the signal from noise

Related posts:

  1. Why it’s time to buy Financial
  2. Guild Mortgage continues to expand in the Midwest
  3. Subprime borrowers fail to pay auto loans as millions still struggle
  4. Top of Mind Launches Two-Way Connection Between Its Surefire Automated Mortgage Marketing Platform and Salesforce CRM | New

Categories

  • Data objects
  • PHP programming
  • Programming language
  • Saving investment
  • SQL
  • Privacy Policy
  • Terms and Conditions