Impact of Covid-19 on Used Car Market

COVID-19 Impact on Used Car

Due to the Corona outbreak, many businesses are fighting for their survival and the Automobile industry is also among them. Deals of used cars and basic level bikes may boost as a result of the covid-19 pandemic as society should start using private vehicles rather than public. Various financial problems, lurking in the economy,would hinder the acquisition of new cars.

As per a survey conducted, the Corona outbreak has reduced the purchasing power of consumers. A lot of consumers have responded to the survey stating that their ability to buy a new car has dipped. On the other hand, consumers who had plans to buy a car last year will buy this year for their family’s safety. More people said that they would buy a family car this year once the lockdown is eased.

When comparing the sales statistics of pre lockdown period to the post-lockdown period, sales had definitely declined and are now mounting back due to increase in demand.

The second-hand car market which had been noticing a very cold retort for the past 3 months is now experiencing a steep incline in sales. More people are preferring private over public vehicles for commuting. Small family cars are in top demand now.

Autovista - Best Used Car Dealer in Mumbai and Pune with Wide Range of Second Hand Cars

When the government banned usage of petrol vehicles older than 15 years and diesel cars older than 10 years, this led to a higher infusion of used cars sent for refurbishing. They were thus sold again in smaller towns and urban cities. Many automobile companies, in order to target higher sales, started increasing their presence in smaller towns and cities for people to have access to their showrooms.

Now tier 2 and tier 3 towns and cities can access the mobile showroom staying at their home without stepping out. The mobile showroom idea fills in as a centre seat for organizing test drives, empowers customers and helps with after deals assistance. Hence the concept of easy to reach showroom developed by automotive brands is initiated for the safety of their customers.

The automobile business, which had been speeding up throughout the previous two decades and has now gone into the reverse rig, has seen the worst situation come to light. Moreover, the current situation of the worldwide pandemic, with the lockdown, has induced work hardships and a declining demand in automobiles. So stringent moves must be taken by the Government to curb the setback of this business.

One of the new norms that this pandemic has brought about is safety during travel, which can be fulfilled by owning a private vehicle.Through aforementioned studies, it is good to see that consumer perception has changed towards second hand cars, proving their preference of safety over risky behaviour.

Autovista a certified Maruti dealer, assures safest assistance in your car buying experience.

Follow the below steps to proceed to buy your first true value car:

1) log on to Autovista.in
2) Select True value used car showroom based on location Mumbai or Pune
3) Select the car model you want to purchase
4) Fill in the enquiry form below and a representative will call you back providing you with the best deals.
5) Complete your documentation as instructed by the representative.
6) Drive home your used car with Autovista.

Autovista Used Car Outlets in Mumbai and Pune
1. Kharghar, Navi Mumbai - True Value Showroom
2. Khar, Mumbai - True Value Showroom
3. Chowk, Raigad, Navi Mumbai - True Value Showroom
4. Wadaki, Pune - True Value Showroom
5. Baner, Pune - True Value Showroom

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