Sales of old cars rise – the demand is the best for the last 10 years!
Posted on: 31/Mar/2014 4:04:58 PM
The sales of new cars have come down much less than the trend over the last 10 years. At the same time, the sales of old cars have increased by 15% to 18%.
As per the industrial statistics, the sales of old cars this year has increased to 25,00,000 cars per year.
In U S A, the sales of old cars is at Rs. 4.4 Crores. From the financial years 2007/08 to 2011/12, the sales of new cars rose by 14%.
There has been a change in the trend of car buyers. Earlier, the buyers of new cars used their cars at least for 5 to 8 years. Now-a-days, they tend to use their new cars only for a period of 3 to 4 years.
Whether it is old or new, cars that run with diesel are in great demand. The recent trend if rising petrol prices has affected the new petrol-run cars. Even though the diesel cars are priced higher, the sales for old diesel cars are always higher.The customers focus on the saving of the fuel expense.
However, the number of old diesel cars available falls short of the demand. There is a trend of registering to buy the old diesel as practised while buying new case!
It is expected that the sales of old cars will double in the coming 5 to 6 years. Currently, the sales of old car in the regulated market are on the rise. The small-scale mechanics also repair and sell old cars in rural areas.
As per this trend, it is expected that the sales of old cars will touch a figure of 50,00,000 cars.
