New Delhi. This festive season saw an increase in demand not only for new vehicles but also for old vehicles. If we talk about the sale of old cars, Maruti Alto, Honda CT and Hyundai Creta were the most in-demand vehicles in the old car market.
Maruti Suzuki Alto recorded 20% growth in Tier 1, while Honda City and Hyundai Creta saw 10% growth in Tier 2 markets. According to leading online classifieds platform OLX India, this festive season witnessed a significant increase in demand for pre-owned cars, which was higher than the previous two months (August and September 2024), due to increased consumer interest. Caused.
Bumper demand for Alto
Maruti Suzuki Alto 800 has recorded a 20% growth in demand in Tier 1 markets, which is higher than the previous two months (August and September 2024). This reflects the growing preference of consumers towards budget-friendly cars. Cars in the SUV segment are also performing strongly, with the Hyundai Creta seeing 10% growth in Tier 2, reflecting consumers' growing trend towards compact SUVs, with the Honda City seeing a 10% growth in the sedan segment. Entered.
The 20% growth in demand for Maruti Suzuki Alto 800 in Tier 1 markets reflects consumer preference for budget-friendly options during the festive season. Apart from this, low maintenance cost is also the main reason for its demand, due to which many buyers preferred economical vehicles over luxury ones.
Creta demand increased in tier 2 cities
SUVs, which were once very popular among second hand vehicles, are now seeing a decline in demand and consumers are moving towards more practical and affordable models. In Tier 2 markets, demand for compact SUVs like the Hyundai Creta grew by 10%, reflecting the preference for cost-effective options in the SUV segment. Models with premium appeal are also becoming popular in Tier 2 markets, with the Honda City leading the way as a more affordable option. Maruti Suzuki Ertiga also recorded 7% growth, making it a popular family car.
There was demand for other models also
Other key models such as Maruti Suzuki Ertiga, Swift Dezire and Wagon R also saw stable demand during this period (August-October 2024).
Tags: auto news, auto sales, Car Bike News
FIRST PUBLISHED: November 29, 2024, 14:01 IST