Now, small city India drives gross sales of used automated vehicles, Auto Information, Automobilnews
Chennai: Metro markets’ new-found love affair with automated vehicles and SUVs is now spilling over to non-metro Tier-2 and three cities as nicely however via the pre-owned route. As organized pre-owned retail provides higher guarantee and lower-risk buys, automated vehicles and SUVs are flying off the cabinets in cities like Chandigarh, Kochi, Coimbatore, Goa and Thiruvananthapuram. Information from pre-owned portal QuikrCars confirmed a 26% y-o-y enhance in curiosity for automated vehicles from Tier-2 & Three cities.
“The automated development in metros is three years outdated however now this development is catching up in tier 2-Three cities and state capitals as the availability of used automated vehicles from metros enter the pool of used vehicles in non-metro markets,” mentioned Atul Tewari, COO, Quikr & Head – QuikrCars & QuikrBikes.
After all metro markets are nonetheless shopping for automatics each outdated and new however, mentioned Tewari, the “development on QuikrCars platform reveals that whereas the variety of individuals trying to find automated vehicles in metros continues to be larger than non-metros, this yr, much less variety of persons are in search of automated vehicles in metros as in comparison with final yr.”
What’s driving the hinterland love for automatics is the supply of compact vehicles with AMT. “All the key OEMs have launched automatics together with mass fashions like Maruti Alto and Celerio so the pricing has gone down,” mentioned Tewari. Other than small vehicles, compact sedans like Honda Amaze and Hyundai Accents are in excessive demand. The brand new curiosity is in autos priced within the Rs 2-Rs 5 lakh vary for autos within the 6-9 months to three years age bracket.Pre-owned entrepreneurs say there are two distinct elements to small city India’s new-found love for automated transmissions. First, a big part of the visitors contains younger clients. “Many of the visitors on our platform, greater than 60%-70% in reality, are millennials,” mentioned Tewari. Additionally southern markets present a better desire for automatics than northern with markets like Kochi, Coimbatore and Thiruvananthapuram topping the checklist..
The automated development can be driving on small city India’s love for used SUVs significantly best-selling fashions like Hyundai Creta, Suzuki Vitara Brezza and Ford Ecosport. Information from Quikr reveals a 28% enhance in demand for SUVs from cities like Vizag, Guwahati, Vadodara and Bhopal.